TeraWulf Releases Inaugural Corporate Social Responsibility Report
TeraWulf Releases Inaugural Corporate Social Responsibility Report Yahoo Finance
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Terawulf Inc. Highlights ESG and Sustainability Efforts
EASTON, Md., April 03, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by 95% zero-carbon energy, today released its inaugural Corporate Social Responsibility (CSR) report for fiscal year 2023. This comprehensive report outlines TeraWulf’s commitments, goals, and initiatives across various CSR and environmental, social, and governance (ESG) issues.
TeraWulf has been dedicated to building a strong ESG foundation since its public launch in 2021. The company aims to support the energy transition through sustainable bitcoin mining practices.
Kerri Langlais, Chief Strategy Officer at TeraWulf, stated, “With the release of our inaugural CSR report, we offer stakeholders a detailed overview of our sustainability initiatives and how our ESG strategy aligns with our mission and values. Our achievements in 2023 demonstrate our ongoing commitment to sustainability and corporate responsibility, which we consider essential to our business and culture.”
Key Highlights from the CSR Report:
- A foundation grounded in environmental awareness, reflecting TeraWulf’s commitment to sustainable bitcoin mining.
- Meaningful policies and measurable targets addressing workforce health and safety, employee engagement, and diversity, equity, and inclusion.
- A robust corporate governance structure ensuring effective internal oversight and accountability for ESG initiatives.
The CSR report was prepared in collaboration with an independent consultant and included a benchmark review of peers and leading ESG frameworks and ratings such as SASB, MSCI, and ISS.
As TeraWulf continues to advance its ESG program, it remains committed to transparency regarding its performance, progress, and engagement with key stakeholders. To access TeraWulf’s inaugural CSR report, visit https://investors.terawulf.com/corporate-governance/esg on the Company’s website.
About TeraWulf
TeraWulf owns and operates vertically integrated, environmentally clean bitcoin mining facilities in the United States. The company currently has two Bitcoin mining facilities: the wholly owned Lake Mariner facility in New York, and Nautilus Cryptomine facility in Pennsylvania, a joint venture with Cumulus Coin, LLC. TeraWulf generates domestically produced Bitcoin powered by 95% zero carbon energy resources including nuclear, hydro, and solar with a goal of utilizing 100% zero-carbon energy. With a core focus on ESG that ties directly to its business success, TeraWulf expects to provide industry-leading mining economics at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties, and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties, and assumptions.
Potential investors, stockholders, and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events, or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the Securities and Exchange Commission (“SEC”), which are available at www.sec.gov.
Company Contact:
Jason Assad
Director of Corporate Communications
assad@terawulf.com
(678) 570-6791
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 8: Decent Work and Economic Growth
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 16: Peace, Justice, and Strong Institutions
The article discusses TeraWulf’s commitment to sustainable bitcoin mining practices, which aligns with SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). It also mentions the company’s workforce health and safety policies, employee engagement, and diversity and inclusion efforts, which relate to SDG 8 (Decent Work and Economic Growth). Additionally, TeraWulf’s focus on ESG initiatives and corporate governance aligns with SDG 9 (Industry, Innovation, and Infrastructure) and SDG 16 (Peace, Justice, and Strong Institutions). The mention of environmental awareness and continuous improvement reflects the company’s commitment to SDG 12 (Responsible Consumption and Production).
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase the share of renewable energy in the global energy mix.
- SDG 8.5: Achieve full and productive employment and decent work for all women and men.
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
- SDG 12.2: Achieve sustainable management and efficient use of natural resources.
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
- SDG 16.5: Substantially reduce corruption and bribery in all their forms.
Based on the article, TeraWulf’s specific targets can be inferred as follows: increasing the share of zero-carbon energy in their bitcoin mining operations (SDG 7.2), ensuring workforce health and safety, employee engagement, and diversity and inclusion (SDG 8.5), upgrading their mining facilities to be more sustainable (SDG 9.4), achieving sustainable management of resources in their operations (SDG 12.2), integrating climate change measures into their strategies (SDG 13.2), and maintaining a robust corporate governance structure (SDG 16.5).
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Percentage of zero-carbon energy sources used in bitcoin mining operations
- Workforce health and safety metrics (e.g., accident rates, lost-time injuries)
- Employee engagement metrics (e.g., employee satisfaction surveys, retention rates)
- Diversity and inclusion metrics (e.g., representation of underrepresented groups in the workforce)
- Investments in infrastructure upgrades and sustainability measures
- Resource consumption metrics (e.g., energy consumption, water usage)
- Integration of climate change measures into strategic plans and policies
- Corporate governance compliance and transparency measures
The article does not provide specific indicators, but the identified targets can be measured using the indicators mentioned above. These indicators will help track TeraWulf’s progress in achieving their sustainability and ESG goals.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.2: Increase the share of renewable energy in the global energy mix. | Percentage of zero-carbon energy sources used in bitcoin mining operations |
| SDG 8: Decent Work and Economic Growth | 8.5: Achieve full and productive employment and decent work for all women and men. | Workforce health and safety metrics, employee engagement metrics, diversity and inclusion metrics |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable. | Investments in infrastructure upgrades and sustainability measures |
| SDG 12: Responsible Consumption and Production | 12.2: Achieve sustainable management and efficient use of natural resources. | Resource consumption metrics (e.g., energy consumption, water usage) |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | Integration of climate change measures into strategic plans and policies |
| SDG 16: Peace, Justice, and Strong Institutions | 16.5: Substantially reduce corruption and bribery in all their forms. | Corporate governance compliance and transparency measures |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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