Sponsoring Social Responsibility
MARA will make its debut at New York Climate Week 2024, demonstrating its firm commitment to environmental sustainability and social impact. As part of its efforts, MARA will sponsor the Sustainable Investment Forum at the Ziegfeld Ballroom in Midtown New York City on September 24. Hosted by the United Nations and climate action organizations, the forum is a key event during Climate Week, focusing on corporate leadership in climate action, sustainable finance, and the future of ESG (Environmental, Social, and Governance) reporting. MARA's leadership team will be represented by Jayson Browder, Senior Vice President of Government Affairs and Social Responsibility, who will speak on a panel about the role that Bitcoin can play in sustainable finance. Additionally, Chris Ruppel, Director of Energy Harvesting, will join a panel to discuss decarbonization opportunities in Bitcoin mining. MARA's ESG Director, Brad Tomm, will also attend to contribute to discussions on integrating climate strategies into corporate governance.
In the run-up to Climate Week, MARA has updated the responsibilities of its Government Affairs team and expanded its ESG program. As Fred Thiel, MARA's Chairman and Chief Executive Officer, stated: "Environmental sustainability, social impact, and governance are of increasing importance to stakeholders inside and outside MARA, investors, and communities at home and abroad. I am pleased to announce that the Government Affairs team will immediately be renamed the Government Affairs and Corporate Social Responsibility team, with its scope expanded to include ESG policies, regulations, and community projects." These organizational changes reflect MARA's strategic vision for social responsibility.
Launching Sustainable Development Initiatives
A significant milestone for MARA is the submission of a climate-related disclosure report aligned with the Task Force on Climate-related Financial Disclosures (TCFD) standards to the Carbon Disclosure Project (CDP). This move places MARA alongside more than 23,000 companies worldwide that submit reports to CDP, demonstrating its commitment to transparency and accountability in environmental data reporting. MARA became the first publicly listed digital Bitcoin mining company to submit a CDP report, solidifying its position as an industry pioneer in environmental transparency and corporate responsibility.
The board of directors and management of MARA are committed to supporting initiatives that prioritize energy transition, environmental sustainability, and social responsibility, and to continuous improvement. The company recognizes the growing importance of sustainability issues to global stakeholders and is dedicated to setting an example in the digital asset industry.
MARA continues to advance sustainable development, remaining committed to operating with integrity and transparency while serving the best interests of its shareholders. The company's activities at New York Climate Week 2024 demonstrated its determination to integrate environmental management with business growth, ensuring positive impacts on local communities and global ecosystems.