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 84% 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 2600 kg CO2e under Scope 1, while Scope 3 emissions were significantly higher, totalling 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. In 2022, NZX's emissions included about 8800 kg CO2e in Scope 1 and approximately 15000 kg CO2e from employee commuting, alongside other Scope 3 emissions. The trend shows a reduction in Scope 1 emissions from 2021, where they were reported at 4200 kg CO2e, while Scope 3 emissions have varied, indicating a need for ongoing assessment and improvement. NZX has not disclosed specific reduction targets or initiatives, nor have they committed to any science-based targets (SBTi) or climate pledges. The absence of documented reduction strategies suggests that while emissions data is available, a structured approach to emissions reduction may still be in development. The exchange's emissions intensity metrics indicate a focus on improving efficiency relative to revenue, with emissions intensity per employee reported at 1560 kg CO2e in 2023. Overall, NZX's emissions profile highlights the importance of addressing both Scope 1 and Scope 3 emissions as part of their climate commitments moving forward.
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.