Galaxy Digital Establishes Sustainability Program and Strategy

Galaxy Digital Holdings (TSE: GLXY) announced today the launch of the company’s Sustainability Program and Strategy.

Galaxy Digital is an asset management firm operating in the digital asset, cryptocurrency, and blockchain technology industry.

Three Keys Tenets: Environmental, Social, and Governance

The program highlights Galaxy Digital’s commitment to responsible environmental practices, a strong corporate governance strategy, and a fair and inclusive environment for employees.

Galaxy Digital is committed to actively managing and improving its environmental and carbon footprint by integrating sustainable practices into its global operations and increasing the use of sustainable energy throughout the company, with a particular focus on mining.

The company operates in an innovative and dynamic industry and remains focused on fostering a diverse, fair, and inclusive environment for its employees, stakeholders, customers, and communities.

Galaxy Digital has a structured corporate governance approach in place to drive the sustainability agenda and strategy forward and provide strong oversight.

CEO Commentary

Galaxy Digital Founder and CEO Mike Novogratz said, “We strive to drive systems change through technology, and as we continue to scale our business globally, we are committed to operating firmwide consistently with environmental, social, and governance (ESG) best practices.

“To this end, we are pleased to announce Galaxy Digital’s Sustainability Program. We look forward to sharing our first sustainability report in the second half of 2022 and will keep stakeholders updated throughout our program evolution.”

Wall Street’s Take

Two months ago, BMO Capital analyst Deepak Kaushal kept a Buy rating on GLXY and set a price target to C$44. This implies 177.6% upside potential.

GLXY stock has a Moderate Buy consensus rating based on two Buys.

The average Galaxy Digital Holdings price target of C$46 implies 190% upside potential from current levels.

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