Binance Australia becomes the world’s first digital currency exchange to report on environmental, social, and governance issues.

Binance Australia has recently announced that it is the world’s first Digital Currency Exchange (DCE) to begin disclosing on Environmental, Social, and Governance (ESG) indicators, in accordance with a global platform designed by the World Economic Forum (WEF).

Binance Australia is incorporating an impact measurement strategy focused on a series of ESG metrics, including governance, anti-corruption practices, ethical behavior, human rights, carbon emissions, diversity and inclusion, pay equality, and tax payments, in order to foster long-term obligations and recognize clarity on sustainable development agenda within the digital asset sector. These analytics will be shared with its 700,000 active users, stakeholders, and the broader community on a quarterly basis.

Leigh Travers, Chief Executive Officer of Binance Australia, stated:

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

This additional step toward openness as Australia’s biggest digital currency exchanges follows similar initiatives internationally by the industry to promote transparency of the ESG impact of organizations in the digital asset business. Becoming an ESG organization coincides with the platform’s objective of increasing global financial independence. Theo exchange platform believes  that by extending this freedom, they can dramatically enhance people’s lives all around the world.

Binance Australia has installed the Socialsuite “ESG Go” technology platform to assess, monitor, and report on its ESG disclosure progress. The platform makes it simple for investors and other stakeholders to examine the digital currency exchange’s commitment and progress toward creating ESG credentials and outcomes.

Patrick

Coincu News