Hut 8 Mining Corp
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:436,918 tCO2e/year
Scope 1 Emissions:29.35 tCO2e/year
Scope 2 Emissions:436,889 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:11% of total energy use
Total Energy Consumption:2,870,658 GJ/year
Water Consumption:Not disclosed
Waste Generated:19.66 tons/year (recycled), 12.47 tons/year (landfilled)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Procured carbon instruments to offset 20% of 2021 scope 1 & 2 emissions
- Diverted 61% of waste from landfills
- 100% LED lighting in Medicine Hat and Drumheller facilities
- Added electric skid steers and UTVs to the fleet
Social Achievements
- Zero recordable workplace safety incidents
- 50% of executive management roles held by women
- Charitable financial donations to United Way, YMCA, and Santa Fund
- 30+ volunteer hours provided to the United Way
Governance Achievements
- 40% of Board of Director seats held by women
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality (Scope 1 and 2 emissions) by 2025
Medium-term Goals:
- Maintain an executive management team of over 30% women by 2023
Short-term Goals:
- Divert 50% of waste from landfills by 2022
- Maintain 1.07 PUE or better by 2023
Environmental Challenges
- Global supply chain delays
- Impact of general economic conditions
- Industry conditions, currency fluctuations, taxation, regulation
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Procured wind-based Certified Emission Reduction Credits to offset emissions
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB, GRI
Certifications: Null
Third-party Assurance: Ernst & Young (limited assurance)
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:416,085 tCO2e
Scope 1 Emissions:186 tCO2e
Scope 2 Emissions:415,899 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:6.1%
Total Energy Consumption:2,837,149 GJ
Water Consumption:Not disclosed
Waste Generated:228.16 tonnes
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Procured carbon instruments to offset 40% of 2022 scope 1 and 2 emissions.
- Diverted approximately 94% of waste from landfills.
- Partnered with ERS International to recycle e-waste, earning carbon credits.
- Installed LED lighting in HPC facility in Kelowna, British Columbia.
Social Achievements
- Maintained zero total recordable workplace safety incidents.
- Began measuring gender and racial diversity across leadership team and board.
- Supported Hackergal, Medicine Hat College, and Drumheller Dragons Hockey Team.
Governance Achievements
- 40% women on the Board of Directors (exceeding 30% target).
- 40% BIPOC representation on the Board of Directors.
- Implemented Whistleblower Policy.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Achieve carbon neutrality by 2025.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB, GRI
Certifications: Null
Third-party Assurance: Ernst & Young
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed