CoinsPaid has unveiled a new Environmental, Social, and Governance (ESG) policy aimed at strengthening sustainability, compliance, and corporate responsibility within the cryptocurrency payments sector.
According to an article on Crypto.news, this initiative aligns CoinsPaid with global ESG standards, ensuring that its operations minimize environmental impact, enhance governance, and contribute positively to society.
“Crypto payments must be built on trust and responsibility. The era of speculation is behind us, and the future demands reliable infrastructure for businesses, regulators, and consumers alike,” said Maksym Krupyshev, CEO of CoinsPaid. “Sustainability, security, and compliance are not just priorities—they are essential. Our ESG policy sets a precedent for responsible crypto adoption.”
Environmental Initiatives
CoinsPaid’s ESG policy includes several key measures to reduce its carbon footprint:
- Net-Zero by 2035: The company has begun carbon emission assessments, with Dream Finance OÜ, its Estonian subsidiary, reporting 2,086.32 tCO₂e in 2024. Reduction targets will be officially announced soon.
- Energy Efficiency: CoinsPaid is working to decrease per-transaction energy consumption by 5%, leveraging a remote-first operational model and a LEED Gold-certified headquarters in Tallinn.
- Sustainable Tech Practices: The company ensures responsible disposal of electronic waste in compliance with environmental regulations.
Social Commitments
CoinsPaid is also prioritizing inclusivity, professional development, and social impact:
- Diversity and Inclusion: The company employs professionals from over 22 nationalities, maintaining near-equal gender representation.
- Employee Growth: Currently, 73% of job roles have defined skill requirements, with a target of 89% by 2026. Employees receive ongoing training through the CoinsPaid Academy.
- Employee ESG Awareness: A recent survey found that 77% of employees understand ESG principles, 63% want to participate in ESG initiatives, and 98% believe ESG is essential to CoinsPaid’s mission.
- Community Support: CoinsPaid actively contributes to social programs, including the Tallinn Children’s Hospital Foundation, Aris FC Kids Academy, and initiatives supporting Ukrainian women in Estonia.
Governance and Compliance Enhancements
To strengthen compliance and financial security, CoinsPaid has implemented strict governance measures, including:
- Annual ESG Oversight: The company’s Management Board and ESG Officer conduct yearly reviews of sustainability objectives and risks.
- Regulatory Compliance: CoinsPaid meets MiCA sustainability regulations and holds ISO 27001 certification.
- AML/CTF Policies: Utilizing Chainalysis and SumSub, the company enforces rigorous anti-money laundering (AML) and counter-terrorism financing (CTF) protocols.
Processing over 600 million transactions per month, CoinsPaid recognizes the importance of leading the industry in responsible crypto payments. The company is aligning with EU sustainability regulations, reinforcing security frameworks, and advancing Know Your Transaction (KYT) monitoring to meet evolving compliance standards.
With increasing regulatory scrutiny, responsible crypto payments are now a necessity rather than an option. CoinsPaid is taking proactive steps to integrate ESG principles into its core strategy and will publish regular impact reports to showcase measurable progress.
Additionally, CoinsPaid is fostering collaborations with industry stakeholders to promote responsible crypto adoption. The company is actively engaging with regulators, environmental organizations, and blockchain industry groups to share best practices and contribute to sustainable innovation. By participating in global discussions on ESG in crypto, CoinsPaid aims to drive meaningful change and encourage other payment providers to adopt similar sustainability-focused approaches.
International Journal of Research (IJR) 