Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME), a leading global marketplace, is headquartered in the United States, specifically in Chicago, Illinois. Founded in 1898, CME has evolved into a pivotal player in the financial services industry, primarily focusing on derivatives and futures trading. With a diverse range of core products, including agricultural commodities, energy, and financial instruments, CME distinguishes itself through its innovative trading platforms and robust risk management solutions. The exchange has achieved significant milestones, such as the introduction of electronic trading, which has transformed market accessibility and efficiency. As a key component of the CME Group, which also includes the Chicago Board of Trade and the New York Mercantile Exchange, CME holds a prominent market position, consistently ranking among the largest futures exchanges worldwide. Its commitment to transparency and liquidity continues to attract a global clientele, solidifying its reputation as a trusted venue for risk management and investment.
DitchCarbon Score
How does Chicago Mercantile 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.
Industry Average
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.
Industry Benchmark
Chicago Mercantile 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.
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Chicago Mercantile Exchange's reported carbon emissions
In 2023, the Chicago Mercantile Exchange (CME) reported total carbon emissions of approximately 91,479,000 kg CO2e. This figure includes Scope 1 emissions of about 309,000 kg CO2e, primarily from direct operations, and Scope 2 emissions of approximately 10,417,000 kg CO2e, which are associated with purchased electricity. Notably, Scope 3 emissions were significantly higher, totalling around 189,546,000 kg CO2e, encompassing various indirect emissions such as those from capital goods and employee commuting. Comparatively, in 2022, CME's total emissions were about 162,216,000 kg CO2e, with Scope 1 emissions at 134,000 kg CO2e and Scope 2 emissions at approximately 18,962,000 kg CO2e. The Scope 3 emissions for that year were around 143,120,000 kg CO2e. This indicates a substantial increase in total emissions from 2022 to 2023, particularly in Scope 3 categories. CME has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent organisation. The emissions data is sourced directly from CME Group Inc. and reflects their operational footprint without any stated climate pledges or SBTi targets. Overall, CME's emissions profile highlights the significant impact of Scope 3 emissions, which are critical for understanding the full extent of their carbon footprint and the potential areas for future reduction efforts.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 180,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 20,781,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 284,674,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Chicago Mercantile 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.
