By targeting net-zero carbon footprint, Binance Australia is the first crypto exchange in the world to report on Environmental, Social, and Governance (ESG) metrics. Leigh Travers, Binance Australia CEO, says becoming an ESG entity aligns with the company’s vision to increase the freedom of money globally.
Binance Australia tweeted that one of the biggest headwinds the digital asset industry has faced is negative commentary and misinformation based on carbon emissions from the sector.
The industry is led by people and organizations determined to have a positive impact on society and the negative headlines have triggered a lack of education and awareness of ESG conscious crypto businesses, said Travers. “This further step towards transparency as the leading digital currency exchange in Australia follows similar moves globally by the industry to increase the transparency of the ESG footprint of organizations in the digital asset industry.”
Binance Australia believes that spreading the freedom of money can significantly improve lives around the world. “To do this, we must be conscious of our wider impact on people, population, and planet.” The crypto exchange plans to spend $1 million to plant trees in the Australian landscape. “Together, Binance Australia, our customers, and our stakeholders, we are committed to being a force for good.”
Moreover, the crypto exchange has also collaborated with Koala Clancy Foundation. Through this partnership, Binance Australia will plant trees for koalas on farms and private land. The company will also create new habitats and create awareness for the need to protect wild koalas.
Binance Australia has deployed Socialsuite ‘ESG GO’ technology platform to measure, monitor, and report its ESG disclosure progress. The platform provides an easy way for investors and stakeholders to assess the commitment and progress of Binance Australia on its journey to create ESG credentials and outcomes.