New Zealand's Exchange (NZX), headquartered in Wellington, NZ, is a leading financial market operator in the Asia-Pacific region. Established in 2002, NZX has evolved into a pivotal player in the securities and derivatives markets, facilitating capital raising and investment opportunities across various sectors. NZX offers a diverse range of services, including equity and debt listings, market data, and trading solutions, distinguished by its commitment to transparency and innovation. The exchange plays a crucial role in supporting New Zealand's economy, connecting investors with local businesses and fostering growth. With a strong market position, NZX has achieved significant milestones, including the introduction of new trading platforms and sustainability initiatives, reinforcing its reputation as a trusted marketplace for investors and issuers alike.
How does New Zealands Exchange's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
New Zealands Exchange's score of 35 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, New Zealand's Exchange (NZX) reported total carbon emissions of approximately 185,900 kg CO2e, comprising 2,600 kg CO2e from Scope 1 emissions and 183,300 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes about 182,600 kg CO2e from employee commuting, 28,500 kg CO2e from waste generated in operations, 11,700 kg CO2e from fuel and energy-related activities, and 3,900 kg CO2e from upstream transportation and distribution. Comparatively, in 2022, NZX's total emissions were about 88,800 kg CO2e, with 8,800 kg CO2e from Scope 1 and approximately 80,000 kg CO2e from Scope 3. The 2021 data showed total emissions of around 42,100 kg CO2e, with 4,200 kg CO2e from Scope 1 and about 37,900 kg CO2e from Scope 3. Despite these emissions figures, NZX has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The organisation's emissions data is sourced directly from NZX Limited, with no cascaded data from a parent company. NZX's emissions intensity metrics indicate a GHG emissions intensity of approximately 1,560 kg CO2e per employee in 2023 and 1,160 kg CO2e per employee in 2022, reflecting a focus on operational efficiency. However, without formal reduction commitments, the organisation's climate strategy remains unclear.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 4,200 | 0,000 | 0,000 |
Scope 2 | - | - | - |
Scope 3 | 36,900 | 00,000 | 000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
New Zealands Exchange is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.