Bitpanda Strengthens ESG Compliance in the Crypto Sector with Data from Crypto Risk Metrics
- Deliberate decision to source data from a neutral third party to prevent potential greenwashing
- Early compliance with the Markets in Crypto-Assets Regulation (MiCAR) is crucial for regulated market participants
- Coverage of an extensive catalog of assets
Frankfurt am Main, October 9th, 2024. Bitpanda GmbH has become the latest significant market player to opt for the ESG data services provided by Crypto Risk Metrics. Covering more than 420 assets, this offering is set to become the most comprehensive ESG data solution for digital assets worldwide.
Focus on Neutrality and Transparency in Crypto ESG Data
Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, explains: “We made a conscious decision to source ESG data for cryptocurrencies from Crypto Risk Metrics, a neutral and highly specialized third-party provider. This sends a clear signal that regulatory compliance is a high priority for us, and we are committed to preventing greenwashing in the crypto sector. Naturally, our regulated clients also place great value on receiving data from a neutral entity.”.
A comprehensive ESG dataset covering over 420 crypto assets
Tim Zölitz, CEO of Crypto Risk Metrics, adds: “We are very excited to partner with Bitpanda and to offer what is now likely the most comprehensive crypto ESG data offering worldwide. Furthermore, we feel validated in our strategy of never accepting payments from blockchain protocols for ESG metrics calculations. The reason is that the risk of potential conflicts of interest is simply too high. The risk of potential conflicts of interest is simply too high. And since regulated financial market participants are ultimately responsible for the accuracy of the data they report under MiCAR, no one is willing to take that risk.”
A partnership for sustainable MiCAR compliance
The Markets in Crypto-Assets Regulation (MiCAR) mandates that crypto-asset service providers (CASPs) report various ESG metrics starting December 30, 2024. As a leading data provider in this field, Crypto Risk Metrics serves as the exclusive ESG data provider for the ISO 24165 Digital Token Identifier Foundation and collaborates with various data providers to ensure seamless system integration.
Source: Press release Crypto Risk Metrics
For more information on the latest developments and partnerships with Crypto Risk Metrics, check out the following articles:
