Galaxy Digital Inc..
GLXY.US | Other financial service activities, except insurance and pension funding activities, n.e.c.
Galaxy Digital Holdings Ltd. is a diversified financial services firm dedicated to the digital asset, cryptocurrency, and blockchain technology industry. The company operates through five primary business lines: Trading, Asset Management, Investment Banking, Principal Investments, and Mining. The Tr...Show More
Better Health for All
0
No evidence available to assess Galaxy Digital Inc. on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess Galaxy Digital Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
As of December 31, 2022, none of Galaxy Digital's 390 employees worldwide were represented by a labor organization or collective bargaining arrangement.
1
The company conducts annual employee engagement surveys, achieving its highest engagement score to date in 2024.
2
Galaxy Digital provides company-paid health insurance, and Article 3 states that approximately 99% of the workforce is insured, including mental health and family plans.
3
The company maintains a zero-tolerance approach to human rights violations and requires all employees to complete compliance training and certify a Code of Business Conduct & Ethics annually.
4
There is no evidence of substantiated labor-law or human-rights violations in the past three years.
5
Fair Trade & Ethical Sourcing
0
No evidence available to assess Galaxy Digital Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
-40
Galaxy Digital has a formal whistleblower policy, including an anonymous ethics hotline and a website for reporting, with the Audit Committee responsible for administration and investigation, and a prohibition against retaliation.
1
However, there is no evidence of specific training, uptake rates, or resolution times. The company noted one financial restatement issue in the past year's Management Discussion & Analysis, related to material weaknesses in financial reporting controls.
2
Questions have been raised about the independence of newly appointed board member Richard Tavoso due to his prior relationship with the CEO and past career, and concerns exist about a proposed smaller audit committee with potentially less independent oversight.
3
The company's Code of Business Conduct and Ethics states a strong commitment to compliance with the FCPA, requiring consultation with the Legal Department for potential violations, but there is no evidence of training frequency or effectiveness metrics.
4
Kind to Animals
0
No evidence available to assess Galaxy Digital Inc. on Kind to Animals.
No War, No Weapons
0
The provided articles do not contain any specific, factual evidence regarding Galaxy Digital's involvement in arms manufacturing, military contracts, conflict facilitation, or related activities. The company description indicates it is a financial services firm focused on digital assets, cryptocurrency, and blockchain technology.
1
There is no evidence to suggest any exposure to controversial or banned weapons, or any other defense-related business activities. Therefore, most KPIs are not applicable due to a lack of relevant operations or disclosed policies.
Planet-Friendly Business
0
No evidence was found in the provided articles pertaining to GLXY.US (Galaxy Digital Inc.) or its planet-friendly business practices. All articles explicitly focused on Amazon and stated they contained no data relevant to GLXY.US or the ethical value being assessed.
Respect for Cultures & Communities
50
100% of employees completed cultural training, as reported in 2022.
1
Safe & Smart Tech
-30
Galaxy Digital has obtained several recognized security certifications, including ISO 27001, PCI DSS, Cloud Security Alliance Controls, and SOC reports.
1
The company uses TLS 1.2 (or better) for data in transit and AES 256-bit (or better) for data at rest.
2
For user data control, Galaxy Digital's privacy policy states that users can modify, correct, export, deactivate, or delete their data.
3
The company uses 2-factor authentication where possible.
4
Data minimization practices involve collecting only necessary data, with retention periods described as necessary for collection purposes, legal proceedings, or applicable law.
5
However, Galaxy Digital recorded a $166 million legal provision as of December 31, 2024, related to a settlement with the New York Attorney General concerning LUNA investments, trading, and public statements from late 2020 to 2022.
6
Zero Waste & Sustainable Products
-20
Galaxy Digital has implemented several waste reduction initiatives, including a composting program in its New York office.
1
The company also employs strategies for reducing paper, plastic, and electronic waste, alongside general recycling efforts.
2