ESG Challenges for All Listed Companies
This year, all listed companies are facing ESG challenges and must submit sustainability reports. Taiwan’s cryptocurrency exchange HOYA BIT has proactively deployed measures, becoming the first in the world to pass dual certifications of ISO 14064-1 (Organizational Level Greenhouse Gas Inventory) and ISO 14067 (Product Carbon Footprint Inventory), setting a new benchmark for virtual currency operators.
HOYA BIT founder Peng Yun-Hsuan shared the sustainability mission: “We have found that traditional financial institutions are already conducting carbon inventories and carbon neutrality programs, yet few in the cryptocurrency field discuss this matter. This is not just a market trend but a choice about the future: we can ignore it and continue to be labeled as ‘polluters,’ or we can face it and become the starting point for change.”
Peng Yun-Hsuan proposed the “Carbon Reduction Program,” aiming to make virtual assets truly sustainable and to bring the ESG concept into the blockchain industry. With Peng Yun-Hsuan as an “advocate,” she joined forces with HOYA BIT’s Director of Business Development Lin Yi-Chi and Deputy Manager Liu Hsiang-Chun, personally obtaining ISO 14064-1 internal auditor certification to ensure HOYA BIT consistently meets international standards and promotes sustainable actions.
Zero experience TWD legal trading – HOYA BIT Cryptocurrency Exchange
https://tw.hoyabit.com/ISOESG
The Environmental Cost of Mining One Bitcoin
How much environmental cost is incurred to mine a single Bitcoin? The energy consumption and carbon emissions associated with Bitcoin (the king of cryptocurrencies) mining have been focal points of concern for governments and environmental groups worldwide. A research report by data analytics firm Forex Suggest indicates that in 2022, Bitcoin’s carbon emissions reached 86.3 million tons, a 52% year-on-year increase, equivalent to the need to plant 432 million trees to offset; moreover, the electricity required to mine a single Bitcoin is enough to power an American household for 13 years.
HOYA BIT Exchange recognizes the seriousness of this issue and has decided to take action, leading Taiwanese exchanges in planning to procure “green Bitcoin” as reserve assets, which significantly reduce carbon emissions and energy pollution compared to traditional Bitcoin. Through this approach, HOYA BIT not only reduces its own exchange’s carbon footprint but also allows investors to participate in a more environmentally friendly cryptocurrency ecosystem. In the future, securities firms and partner vendors purchasing green Bitcoin from HOYA BIT can accurately calculate carbon emissions, achieving sustainability while reserving assets.
HOYA BIT Go Green! Starting from the Exchange Itself
In addition to purchasing green Bitcoin, HOYA BIT actively implements the ESG concept at the operational level. “We chose to establish ourselves in the LEED Gold certified Fubon A25 office to create a low-carbon emission working environment. In the future, HOYA BIT plans to enable all securities firms and financial institutions trading on the platform to calculate and optimize their own carbon emissions, further promoting the green transformation of the blockchain industry,” shared Peng Yun-Hsuan, founder of HOYA BIT. This iconic financial building not only symbolizes HOYA BIT’s commitment to the safety of user assets and a rigorous management attitude but also demonstrates their initiative to lead employees in implementing sustainability.
Integrating Virtual and Real to Make Cryptocurrency a True “Sustainable Asset”
HOYA BIT has not only passed the ISO dual certifications but has also become a green advocate in the cryptocurrency industry. Through this ESG layout, HOYA BIT will extend its influence throughout the entire ecosystem, making environmentally friendly choices from Bitcoin mining and trading to corporate use of cryptocurrency assets. “Our goal is to become the world’s first green exchange, allowing virtual assets to genuinely possess sustainable value,” stated Peng Yun-Hsuan, “when everyone begins to consider the possibilities of ESG in blockchain, we are already prepared to pave a new path for the industry.”
This path is not easy. As the world’s first cryptocurrency exchange to simultaneously obtain ISO 14064-1 and 14067 certifications, HOYA BIT faces numerous challenges in the promotion process. For example, how to collect accurate carbon emission data and establish trading mechanisms that meet ESG standards are unprecedented challenges. However, HOYA BIT persists in pursuing carbon neutrality and hopes that in the future, all assets entering the exchange can achieve zero carbon emissions, ensuring that the blockchain industry is no longer synonymous with high energy consumption but rather a new benchmark for sustainable finance.
Learn about Taiwan’s cryptocurrency exchange HOYA BIT
https://tw.hoyabit.com/bible2025
