Nasdaq Emerges As The Novel Player In Net Zero Emission Target

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Nasdaq announced today that its near- and long-term science-based emissions reduction targets have been approved by The Science Based Targets initiative (SBTi). Nasdaq has pledged to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions 100% and absolute Scope 3 GHG emissions 50% by 2030. SBTi has also validated Nasdaq’s pledge to reduce Scope 3 GHG emissions 95% to reach net-zero by 2050.

About Nasdaq

Nasdaq is a global technology company serving the capital markets and other industries. Its diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. 

About Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. 

Nasdaq’s Journey

Nasdaq has increased its renewable energy use across its operations to 100%, up from 82% in 2020. In addition, the company’s ESG scores improved across multiple rating agencies, highlighting Nasdaq’s continued commitment to implement and advance ESG best practices across our operations. Nasdaq received recognitions from the Dow Jones Sustainability Index, Bloomberg’s Gender-Equality Index, and the Human Rights Campaign’s Corporate Equality Index. 

In 2022, Nasdaq received three significant sustainability rating upgrades: a “AA” rating from MSCI, up from “BBB,” to join MSCI’s “Leaders” category alongside peer organizations that show strong management of their most significant ESG risks and opportunities. Nasdaq is also a participant in key associations that are essential to continue the effort on consistent and transparent ESG reporting. 

Targets Planned

Nasdaq pledges to:

  • Reduce absolute Scope 1 and Scope 2 GHG emissions 100% by 2030 from a 2021 base year.
  • Annually source 100% renewable electricity through 2030.
  • Reduce absolute Scope 3 GHG emissions 50% by 2030 from a 2021 base year.

It also aims to maintain a minimum of 100% absolute Scope 1 and Scope 2 GHG emissions reductions from 2030 through 2050 from a 2021 base year and reduce absolute Scope 3 GHG emissions 95% by 2050 from a 2021 base year.

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Source: Globenewswire

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