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Binance Australia becomes the world’s first ESG reporting digital currency exchange

2021-12-09

Binance Australia is pleased to announce that we have become the world’s first Digital Currency Exchange (DCE) to commence reporting on Environmental, Social, and Governance (ESG) metrics, under a universal framework developed by the World Economic Forum (WEF).

 In a move to foster long term commitments and recognise transparency on sustainable development goals within the digital asset industry, Binance Australia is implementing an impact measurement plan focused on a series of ESG metrics, including governance, anti-corruption practices, ethical behaviour, human rights, carbon emissions, diversity and inclusion, pay equality and tax payments. These metrics will be disclosed on a quarterly basis to its 700K active user-base, stakeholders, and the wider community.  

 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 organisations 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 Leigh Travers, Chief Executive Officer of Binance Australia. 

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 organisations in the digital asset industry. Becoming an ESG entity aligns with our vision to increase the freedom of money globally. We believe by spreading this freedom, we can significantly improve lives around the world, and to do this, we must be conscious of our wider impact on people, population and planet.

 The Socialsuite “ESG Go'' technology platform has been deployed by Binance Australia to measure, monitor, and report on its ESG disclosure progress. The platform provides an easy way for investors and other stakeholders to assess the commitment and progress of the digital currency exchange on its journey to create ESG credentials and outcomes. 

 Binance Australia is aware of the market focus on the carbon footprint of the digital asset industry. As the leading digital currency exchange in Australia, we are committed to the long-term sustainable growth of the industry.

Looking forward

All of our efforts are aligned with building momentum and increasing crypto adoption in Australia. We have recently secured our first institutional partner and with our ESG conscious focus, we expect to secure many more that are aligned with our values at Binance Australia. We are targeting a Net Zero carbon footprint and to achieve this, we plan to spend one million dollars planting trees in the Australian landscape. Together, Binance Australia, our customers, and our stakeholders, we are committed to being a force for good. 

About Binance Australia 

Binance Australia is a leading digital currency exchange platform that enables Australian customers to easily buy and trade cryptocurrencies with Australian Dollar (AUD). Binance Australia offers users deep liquidity and convenient deposit and withdrawal methods while leveraging cutting-edge technology from Binance.com's advanced trading platform.

 For more information, visit: https://www.binance.com/en-AU/

 About Socialsuite

Socialsuite’s ESG Go technology (https://socialsuitehq.com/esg/) helps a diverse range of organisations monitor and report their impact on people, planet and prosperity. It is a global leader in impact-management and ESG disclosure software. 

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