Riot Platforms, Inc..
RIOT.US | Support activities for other mining and quarrying
Riot Platforms, Inc., formerly known as Riot Blockchain, Inc., is a Bitcoin mining company. The company focuses on Bitcoin mining, through its Whinstone US subsidiary, which operates one of the largest Bitcoin mining facilities in North America. Riot primarily engages in large-scale Bitcoin mining o...Show More
Better Health for All
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No evidence available to assess Riot Platforms, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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Riot Platforms, Inc. is a Bitcoin mining company, and its core business does not involve offering financial services such as lending, deposits, or insurance to consumers.
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Therefore, KPIs related to consumer financial products, pricing, fees, and lending practices are not applicable. The company's Code of Ethics and Business Conduct outlines general principles of fair dealing and anti-money laundering, but these are not specific to fair lending practices for consumer financial products.
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While Riot contributes to local economic development by creating jobs and partnering with local businesses, and collaborates with community leaders on education, workforce development, animal welfare, and arts and culture,
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these activities do not constitute direct financial inclusion initiatives or wealth-building outcomes for customers in the context of financial services.
Fair Pay & Worker Respect
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For the 2024 fiscal year, Riot Platforms' CEO, Jason M. Les, received total compensation of $83,532,328, which was 1419 times the median employee pay of $58,875.
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Regarding health insurance, Riot Games covers 100% of employee premiums for medical, dental, and vision for US-based employees, including mental health support, fertility care, and gender-affirming services.
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Fair Trade & Ethical Sourcing
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No specific, quantitative evidence was found in the provided articles regarding fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or supplier diversity spend.
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While the company's Code of Ethics outlines general principles for due diligence and monitoring of third parties, it does not provide measurable data points for any of the specified KPIs.
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Honest & Fair Business
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No specific, factual information regarding Riot Platforms, Inc.'s performance on any of the 'Honest & Fair Business' KPIs was found in the provided articles. The articles either indicated no results, were inaccessible due to throttling, or provided general descriptions of ESG services without company-specific data.
Kind to Animals
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No evidence available to assess Riot Platforms, Inc. on Kind to Animals.
No War, No Weapons
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No evidence available to assess Riot Platforms, Inc. on No War, No Weapons.
Planet-Friendly Business
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Riot Platforms' estimated annual carbon emissions were 1.9 million tons of CO2 in 2022.
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The company sources nearly 97% of its power from fossil fuels, indicating approximately 3% from renewables.
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Projected water usage at its Corsicana facility is up to 1.5 million gallons per day.
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Based on a 2024 total revenue of $376.7 million, this equates to approximately 5,501 m³ per $1 million revenue.
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No specific environmental compliance violations, fines, or regulatory actions were mentioned in the provided articles.
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Respect for Cultures & Communities
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Riot Platforms has no reported cultural appropriation incidents.
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The company employs 250 full-time local employees in Rockdale, Texas, and 135 full-time local employees in Corsicana, Texas, as of July 2024.
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While Riot is the largest employer in Milam County, Texas,
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and uses hundreds of local contractors,
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the specific proportion of the total workforce recruited from local communities is not provided. There are no formal grievance mechanisms available to community stakeholders.
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The company uses hundreds of local contractors,
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but a specific percentage of procurement spending directed to local suppliers is not available. There are no reported cultural site disruptions.
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Safe & Smart Tech
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No evidence available to assess Riot Platforms, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No specific, concrete evidence was found in the provided article to assess Riot Platforms, Inc. against any of the Key Performance Indicators for the 'Zero Waste & Sustainable Products' ethical value.
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