OKX Delivers Audit-Ready ESG Report in 4 Weeks with Coral
From manual ESG tracking to VARA-ready disclosure in under a month
OKX, one of the world's largest cryptocurrency exchanges, partnered with Coral to fast-track a VARA-aligned ESG disclosure under a tight regulatory timeline. Coral delivered a full audit-ready report in under four weeks by replacing fragmented workflows with a centralized emissions management process.
The engagement covered boundary mapping, data ingestion from bills and operational records, and transparent emissions allocation across key activities including digital asset operations. This created a repeatable reporting foundation that supports both current disclosures and future sustainability planning.
Key Achievements
4 Weeks
Delivery Timeline
100% Scope 1 & 2
Material Coverage
Up to 95% Improved
Reporting Efficiency
Early VARA-Ready Disclosure
Regulatory Position
The Challenge
OKX needed to deliver a credible ESG disclosure within an aggressive deadline set by Dubai's Virtual Assets Regulatory Authority (VARA). Existing processes were fragmented across spreadsheets and siloed teams, making it difficult to establish a defensible emissions baseline and maintain auditability.
The Solution
Coral implemented an enterprise-grade workflow that scoped organizational boundaries to GHG Protocol and GRI expectations, automated data ingestion, and standardized emissions calculations. The platform added dashboard-level visibility, completeness checks, and regulator-ready exports so stakeholders could collaborate in one system.
The Result
OKX submitted a full VARA-compliant, audit-ready ESG report within four weeks and established an ongoing reporting model. The team moved from reactive deadline management to a scalable process for continuous disclosure, improved transparency, and stronger internal governance.
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