Our Commitment to Carbon Neutrality, Sustainability and ESG
By BC Group CEO Hugh Madden
Recent comments by influencers have brought Environmental, Social, Governance (ESG) topics to the forefront in the digital asset space.
In 2020, we made a commitment as a Group to carbon neutrality and created an internal ESG committee, which is composed of Group Management and staff across all departments to examine ESG and set the company strategy moving forward.
Accordingly, and in alignment with the committee's objectives, as well as our company mission, vision and values, we have enhanced our commitment and activities around ESG at BC Group and OSL in 2021.
In April, we announced that BC Group had fully offset its carbon footprint for three years (2018 - 2020) through the purchase and retirement of voluntary carbon credits by OSL via the AirCarbon Exchange (“ACX”), a Singapore-based carbon credit exchange. As further commitment to our sustainability and ESG initiatives, we were also pleased to announce this month that we participated in a strategic funding round for Allinfra, a company that brings access and liquidity to environmental assets using blockchain technology.
With the ongoing COVID-19 pandemic, business leaders are facing unprecedented challenges and recognizing the urgency of assuming the responsibility of being better corporate citizens. Businesses can no longer consider ESG a nice-to-have or compliance-driven topic; instead they must integrate it into core business operations to stay competitive and resilient.
As a leading company in the space, and the world’s first and only SFC-licensed, Big-4 audited, listed and insured digital asset platform for institutions and professional investors, we have a duty to examine our business through an ESG lens, with a view to contributing to a sustainable environment and establishing the company as a best place to work.
Our ambition is to be the trusted gateway to digital assets and play a meaningful role in shaping a sustainable future for the communities we serve, while creating long-term value for all our stakeholders. In alignment with these objectives, we are steadfast in our commitment to robust ESG and sustainability programs in tandem with the rapid development of the regulated digital asset market.
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About OSL and BC Technology Group
Backed by Asia’s leading public fintech and digital asset company, BC Technology Group (stock code: HK 863), OSL is the region’s most comprehensive licensed digital asset platform.
OSL is the world’s first and only insured and SFC-licensed digital asset platform, providing prime brokerage, custody, exchange and SaaS services for institutional clients and professional investors.
The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest liquidity pools, as well as secure and insured wallets to ensure the safekeeping of digital assets with timely transaction settlement.
BC Group and the OSL platform are enabling institutional adoption of the digital asset class, setting the global standard for performance, security and compliance.
OSL’s vision is to lead the regulated, institutional evolution of the digital asset market. Accordingly, the OSL platform provides institutional-grade financial services directly to professional counterparties for digital asset brokerage, automated trading (i.e. exchange), and custody.