BCB Group's Carbon Footprint Reduction with Greenly

• Functional Applications - Enterprise Asset Management Systems (EAM)

• Finance & Insurance

• Procurement

• Asset Health Management (AHM)
• Continuous Emission Monitoring Systems

BCB Group, a leading provider of business accounts and trading services for the digital asset economy, was facing a challenge in terms of its carbon footprint. As the conversation around Corporate Social Responsibility (CSR) grew, the company felt the need to invest in responsible change and reduce its environmental impact. The company wanted to measure its commitments, attract top talent, reassure partners concerned about their carbon footprint, and lead the industry in a more sustainable direction. The challenge was to find a scientific and transparent approach to assess their carbon footprint, covering all scopes of emissions, and integrate it with their existing tools.

BCB Group is a global leader in providing business accounts and trading services for the digital asset economy. The company is regulated in the UK and Switzerland and serves industry pillars including Bitstamp, Kraken, Gemini, Galaxy, BitPay, and Circle in dozens of fiat and cryptocurrencies. BCB Group enables its clients to trade FX and cryptocurrencies quickly and at scale, offering market-leading value. The company was created in response to institutional demand for operational best practice in digital asset markets and is led by established thought leaders in finance, regulation, and technology. BCB Group is committed to reducing its environmental impact and creating positive change for its employees, customers, and the wider community.

BCB Group chose to collaborate with Greenly, a company known for its scientific and transparent approach to assessing carbon footprints. Greenly's methodology, which covers scope 1, 2, and 3 analysis and benchmarks, was a key factor in BCB Group's decision. Additionally, Greenly's smart platform UI, which could be integrated with BCB Group's existing tools, and their expertise in engaging employees in the approach were also significant factors. The collaboration resulted in a complete audit that provided a starting point for BCB Group to measure its commitments. The next steps include establishing a carbon reduction plan with specific targets, aiming to reach Net Zero by 2035. BCB Group plans to work with Greenly and the Science-Based Targets Initiative to remove 90% or more of their emissions by this date.

• The collaboration with Greenly has provided BCB Group with a clear understanding of its carbon footprint and a starting point to measure its commitments. The company now has a concrete plan to reduce its emissions and aims to reach Net Zero by 2035. This initiative has not only helped BCB Group to reassure its partners about its carbon footprint but also positioned it as a leader in the industry in terms of sustainability. The company is now better equipped to attract top talent who are increasingly concerned about the environmental impact of their employers. Moreover, the initiative has helped BCB Group to align its operations with its CSR commitments, thereby creating a positive change for its employees, customers, and the wider community.

• BCB Group's carbon footprint was 596t CO2e in 2021.

• The carbon footprint is equivalent to 338 Paris-New York round trips.

• The carbon footprint is also equivalent to the annual emissions of 60 British people.