Greenidge Generation Holdings Inc..
GREE.US | Electric power generation, transmission and distribution
Greenidge Generation Holdings Inc. is a vertically integrated cryptocurrency datacenter and power generation company. The company operates a power plant in Dresden, New York, which primarily generates electricity to power its on-site cryptocurrency mining operations. While the power plant can sell e...Show More
Better Health for All
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No evidence available to assess Greenidge Generation Holdings Inc. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Greenidge Generation Holdings Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No quantitative data was found in the provided articles for any of the 'Fair Pay & Worker Respect' KPIs. The Indeed reviews offer qualitative employee feedback from a limited sample of two reviews
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but do not provide specific metrics for worker engagement, turnover, or other relevant data points.
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Salary.com articles provide the President's average annual salary
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and an estimated employee count (200-500)
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but do not include median employee compensation, which is necessary to calculate the CEO median pay ratio.
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No information was available regarding living wage coverage, collective bargaining, safety incident rates, pay equity, labor violations, insecure contracts, or health insurance coverage.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Greenidge Generation Holdings Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No evidence available to assess Greenidge Generation Holdings Inc. on Honest & Fair Business.
Kind to Animals
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No evidence was found in the provided articles to assess Greenidge Generation Holdings Inc. against any of the 'Kind to Animals' KPIs. The articles focus on the company's power generation and cryptocurrency mining operations, discussing environmental compliance, water usage, coal ash management, and greenhouse gas emissions. There is no information regarding cruelty-free certifications, animal testing, humane certifications for animal operations, wildlife conservation initiatives with measurable biodiversity impact, ethical sourcing of animal-derived inputs, supplier audits for animal welfare, cage-free sourcing, animal agriculture ethics, or engagement in animal welfare policy or R&D collaborations for animal-free alternatives.
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No War, No Weapons
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The provided articles do not contain any information regarding Greenidge Generation Holdings Inc.'s involvement in arms manufacturing, military contracts, conflict facilitation, or any related ethical practices. The company's primary activities, as described, are power generation and cryptocurrency mining.
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The articles primarily discuss environmental permits, greenhouse gas emissions, and financial aspects of its operations. Therefore, no KPIs under the 'No War, No Weapons' value can be scored based on the evidence provided.
Planet-Friendly Business
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Greenidge Generation has proposed reducing permitted GHG emissions by an additional 40% by 2025 and aims to become a zero-carbon emitting facility by 2035.
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The New York State Department of Environmental Conservation (NYSDEC) denied Greenidge's Title V air permit renewal application, citing inconsistencies with the state's climate law.
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A court later found the denial procedurally deficient and remanded the case for further administrative proceedings.
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Greenidge's Title V permit is set to expire on September 9, 2024.
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The company claims carbon neutrality through offsets, but the quality of these offsets is questioned due to limited transparency and incomplete data, with only one listed offsetting organization having records of Greenidge's purchases, and data limited to 2023.
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Respect for Cultures & Communities
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No evidence available to assess Greenidge Generation Holdings Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company reported no data breach incidents materially affecting it in 2024, and no material cybersecurity threats were identified in that year.
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Greenidge Generation Holdings Inc. has a cybersecurity risk management program, an Information Security Policy, and an Incident Response Plan, with oversight from its Audit Committee.
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However, the provided articles do not offer quantitative data on cybersecurity investment, staffing, or training effectiveness. There is also no information regarding specific security controls, encryption methods, AI ethics, privacy certifications, user data control, or bug bounty programs.
Zero Waste & Sustainable Products
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Greenidge Generation LLC reached a settlement with the EPA for $105,000 due to compliance issues with coal ash regulations.
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The company failed to comply with groundwater monitoring system requirements, adequately prepare annual groundwater monitoring and corrective action reports, and timely prepare initial closure and post-closure plans for its coal ash impoundment.
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These issues represent multiple waste disposal violations and indicate poor hazardous waste management practices.