Highlights of the Zumo 2023 ESG Report
Zumo’s 2023 ESG report showcases their commitment to environmental, social, and governance (ESG) principles, illustrating how they are paving the way for a sustainable future in the digital asset sector. Here’s a sneak peek into the key takeaways from the report.
Environmental Initiatives
Zumo is leading the charge in decarbonising the crypto industry. Their innovative “Oxygen” project focuses on reducing the carbon footprint of digital assets by using Renewable Energy Certificates (RECs) to offset the energy consumption associated with Bitcoin transactions. This approach ensures that investments are not only profitable but also sustainable.
Social Responsibility
Zumo’s commitment to social good is evident through their partnership with WasteAid, supporting waste management and climate action initiatives. They also encourage charitable donations via digital wallets, enhancing the social impact of their technology.
Governance and Transparency
Zumo emphasises effective governance with transparent frameworks and audited methodologies. Their participation in regulatory discussions and adherence to UK’s Financial Conduct Authority (FCA) guidelines showcase their dedication to maintaining high standards of compliance and transparency .
Pioneering Sustainable Investment
The collaboration with Jacobi Asset Management to launch Europe’s first ESG-aligned Bitcoin ETF is a testament to Zumo’s innovative spirit. This ETF aligns with ESG goals by ensuring that the electricity consumption related to Bitcoin investments is matched with renewable energy procurement .
Regulatory Leadership
Zumo is actively engaging with regulatory bodies to shape a compliant and sustainable future for digital assets. Their proactive approach to regulatory changes ensures that they are at the forefront of providing secure and compliant digital asset services .
Read the Full Report
The 2023 ESG report by Zumo highlights their current achievements and their vision for a sustainable future. It’s a must-read for anyone interested in how the digital asset sector can evolve responsibly. Dive into the full report to discover detailed insights and learn how Zumo is setting new standards in ESG practices within the crypto industry.
