Company continues to champion industry standards through measurable, holistic ESG goals that will drive a more sustainable future

Hut 8 Mining Corp., one of North America’s largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018, published its inaugural ESG report.

“Technology, sustainability, inclusivity, and innovation are a part of Hut 8’s DNA,” said Hut 8 CEO Jaime Leverton. “While our executive and board have long been proponents of strong environmental, social, and governance standards, we have worked with the entire Hut 8 team to set measurable ESG targets, and are proud to be achieving meaningful results.”

The report, which discloses against the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI), was reviewed and provided a statement of assurance from Ernst & Young, demonstrates progress made since holistic ESG goals and targets were announced in December, 2021.

Environment

• On track to achieving carbon neutrality by 2025
• Procured carbon instruments to offset 20% of our 2021 scope 1 & 2 emissions
• Diverted 61% of waste from landfills
• Installed 100% LED lighting at the Medicine Hat and Drumheller mines
• Added electric skid steers and UTVs

Social

• Proudly supported charities including the United Way, YMCA, and Santa Fund in North Bay
• Volunteered more than 30 hours for the United Way
• 50% of executive management roles held by women
• Zero recordable injuries across the business

Governance

• 40% of Board seats held by women
• Committed to conducting our business with accountability, integrity, respect, and teamwork

“This is an important step in our ESG journey,” said Leverton. “We will continue to embed ESG priorities into everything we do, continually adapting our approach based on new data, best practices, and insights that align with our business priorities.”

See related article: Equitable Bank Releases Inaugural ESG Performance Report

Taking a proactive role in driving transparency and progress across the digital asset industry, Hut 8 became a founding member of the Bitcoin Mining Council in 2021. The Council is a voluntary group of digital asset miners that promotes energy usage transparency and encourages the use of renewable energy sources. Hut 8 also joined the Crypto Climate Accord, the result of a collaborative effort inspired by the Paris Climate Agreement, the Global Blockchain Business Council, and was the first digital asset miner to join the Business Renewables Centre Canada.

For more detailed information on Hut 8’s ESG goals and accomplishments, please click here.

Source: Hut 8 Mining Corp.