CoinsPaid, an international provider of crypto payment solutions, introduced an ESG (Environmental, Social, and Governance) policy, outlining its strategic approach to responsible business practices.
This initiative reflects CoinsPaid’s commitment to sustainable development, social responsibility, and transparent governance, contributing to a more ethical and reliable financial ecosystem.
Max Krupyshev, CEO of CoinsPaid, emphasized: “Crypto payments must be smarter and more responsible. Crypto’s next chapter will be defined by trust. СoinsPaid’s ESG policy is our way of saying: we’re not just adapting — we’re leading.”
CoinsPaid’s ESG policy, developed in accordance with international standards, aims to reduce the environmental impact of blockchain operations. In 2024, the company measured its CO₂ emissions using the Plan A solution (2,086.32 tCO₂e in total), with Scope 1 = 0, Scope 2 = 37.1 tCO₂e, and Scope 3 = 2,049.22 tCO₂e (97.9%). CoinsPaid aims to achieve net-zero emissions by 2035.
As part of its social responsibility efforts, CoinsPaid promotes inclusivity and professional growth. The company employs individuals from 22 nationalities, with a near 50/50 gender balance. Besides, CoinsPaid actively supports educational initiatives such as CoinsPaid Academy and participates in social projects, including the Tallinn Children’s Hospital Foundation and the Business Competition for Ukrainian Women in Estonia.
In corporate governance, CoinsPaid prioritizes high compliance standards, including ISO/IEC 27001 certification and adherence to MiCA’s sustainability requirements.
Previously, CoinsPaid announced a partnership with the Crypto Carbon Ratings Institute (CCRI) to implement new sustainability practices in line with European regulations (MiCA).
Committed to transparency, CoinsPaid plans to regularly publish ESG progress reports. Violaine Champetier de Ribes, ESG Officer at CoinsPaid, stated: “The notion that ESG and crypto are incompatible is outdated. At CoinsPaid, we recognize our responsibility for our environmental footprint, societal impact, and governance. Our ESG policy is the first step of our strategic roadmap meant to gradually integrate sustainability into our core operations while fostering trust among users, employees, partners, and regulators. CoinsPaid is willing to align with ESG standards, proving that responsible crypto payments aren’t just possible — they’re essential for long-term industry growth.”
ESG initiatives are identified as one of the key trends in the Web3 industry for 2025.
