MARA Advancing Efforts in Environmental Sustainability & Social Impact at Climate Week NYC 2024
MARA is making its debut at Climate Week NYC 2024, demonstrating its strong commitment to environmental sustainability and social impact. As part of its efforts, MARA is sponsoring the Sustainable Investment Forum on September 24th at the Ziegfeld Ballroom in Midtown, New York City.
Sponsoring Social Responsibility
MARA is making its debut at Climate Week NYC 2024, demonstrating its strong commitment to environmental sustainability and social impact. As part of its efforts, MARA is sponsoring the Sustainable Investment Forum on September 24th at the Ziegfeld Ballroom in Midtown, New York City. Hosted by the United Nations and Climate Action, this key event within Climate Week focuses on corporate leadership in climate action, sustainable finance, and the future of ESG (Environmental, Social, & Governance) reporting. MARA's leadership team will be represented by Jayson Browder, SVP of Government Affairs and Social Responsibility, who will speak on a panel discussing what role Bitcoin could play in sustainable finance. Additionally, Chris Ruppel, Director of Energy Harvesting, will join a panel discussing opportunities for decarbonization with Bitcoin mining. Brad Tomm, MARA's Director of ESG, will also be in attendance, contributing to discussions on integrating climate strategies into corporate governance.
Ahead of Climate Week, MARA expanded its ESG program by updating the mandate of its Government Affairs team. As MARA Chairman and CEO, Fred Thiel, states, “With increasing importance of environmental sustainability, social impact, and governance to MARA's internal and external stakeholders, investors, and communities, both domestically and internationally, I am excited to announce that effective immediately, the Government Affairs team will now become the Government Affairs and Corporate Social Responsibility Team, with an expanded mandate on ESG policy, regulation, and community projects.” These organizational changes reflect MARA's strategic vision for social responsibility.
Pioneering Sustainability Initiatives
A significant milestone for MARA is its submission of a climate-related disclosure report to the Climate Disclosure Project (CDP), aligning with Task Force on Climate-related Financial Disclosures (TCFD) standards. This move places MARA alongside over 23,000 companies globally that report to CDP, highlighting its commitment to transparency and accountability in environmental data reporting. By becoming the first publicly traded digital Bitcoin mining company to submit a CDP report, MARA has solidified its place as an industry pioneer of environmental transparency and corporate responsibility.
MARA's Board of Directors and executive leadership remain committed to supporting initiatives that prioritize energy transition, environmental sustainability, and social responsibility through their continued evolution. The company recognizes the growing importance of sustainability issues to stakeholders worldwide and strives to lead by example in the digital asset industry.
As MARA continues its journey towards sustainability, it remains dedicated to operating with integrity and transparency while serving the best interests of shareholders. The company's efforts at Climate Week NYC 2024 demonstrate its resolve to integrate environmental stewardship with business growth, ensuring a positive impact on both local communities and global ecosystems.
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MARA Energizes Full 25 MW Micro Data Center Initiative Powered by Associated Natural Gas
MARA and NGON have fully energized a 25-megawatt data center initiative, converting previously flared natural gas into low-cost electricity. This project confirms MARA’s ability to design, build, and operate modular gas-to-power infrastructure at scale.
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How MARA’s Gas-to-Power Solution Reduces Flaring & Emissions, Creating New Value Streams
By repurposing and commercializing flared gas, MARA’s gas-to-power solution can reduce emissions by up to 99% while potentially qualifying for carbon credit programs in certain jurisdictions. This approach can help operators comply with regulations, improve environmental performance, and generate new revenue.
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