CDS Clearing and Depository Services Inc.
CDS Clearing and Depository Services Inc. (commonly referred to as CDS) is a leading provider of clearing and settlement services in Canada, headquartered in Toronto, Ontario. Established in 1970, CDS has played a pivotal role in the Canadian financial landscape, facilitating the efficient processing of securities transactions across various asset classes. As a key player in the financial services industry, CDS offers a range of core products, including central securities depository services, clearing services, and settlement solutions. Its unique position in the market is underscored by its commitment to innovation and regulatory compliance, ensuring the highest standards of security and efficiency for its clients. With a strong reputation for reliability and excellence, CDS continues to support the growth of the Canadian capital markets, making it an essential partner for financial institutions and investors alike.
DitchCarbon Score
How does CDS Clearing and Depository Services Inc.'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
CDS Clearing and Depository Services Inc.'s score of 32 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CDS Clearing and Depository Services Inc., headquartered in Canada, currently does not report specific carbon emissions data for the most recent year. As a current subsidiary of TMX Group Limited, any emissions data or climate commitments would be inherited from this parent organisation. However, there are no documented reduction targets or climate pledges available for CDS Clearing and Depository Services Inc. at this time. The absence of specific emissions data and reduction initiatives highlights a potential area for improvement in their climate strategy. As part of the broader financial services sector, it is essential for CDS Clearing and Depository Services Inc. to align with industry standards and best practices in carbon management and sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 829,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 2,698,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
CDS Clearing and Depository Services Inc. 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.
