Abu Dhabi Securities Exchange
The Abu Dhabi Securities Exchange (ADX), headquartered in Abu Dhabi, United Arab Emirates (AE), is a leading financial market established in 2000. As a pivotal player in the Middle Eastern financial landscape, ADX facilitates the trading of securities, including equities, bonds, and exchange-traded funds, catering primarily to local and international investors. With a commitment to transparency and innovation, ADX has introduced various initiatives, such as the implementation of advanced trading technologies and regulatory frameworks that enhance market efficiency. The exchange has achieved significant milestones, including the launch of its market index and the introduction of new financial products, solidifying its position as a key hub for investment in the region. ADX continues to play a crucial role in the growth of the UAE's economy, promoting sustainable investment opportunities and fostering a vibrant trading environment.
DitchCarbon Score
How does Abu Dhabi Securities 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 Business Services 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
Abu Dhabi Securities Exchange's score of 30 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Abu Dhabi Securities Exchange's reported carbon emissions
In 2023, the Abu Dhabi Securities Exchange (ADX) reported total carbon emissions of approximately 517,000 kg CO2e. This figure includes 5,000 kg CO2e from Scope 1 emissions and 512,000 kg CO2e from Scope 2 emissions. Notably, the Scope 3 emissions were also recorded at 512,000 kg CO2e, indicating a significant impact from indirect activities. Comparatively, in 2022, ADX's total emissions were about 437,000 kg CO2e, with Scope 1 emissions at 12,000 kg CO2e and Scope 2 emissions at 425,000 kg CO2e. The Scope 3 emissions for that year were similarly reported at 425,000 kg CO2e. This reflects an increase in total emissions from 2022 to 2023, highlighting the need for enhanced climate strategies. In the context of their climate commitments, ADX has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The exchange's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of ADX's operations. Overall, while ADX has made strides in transparency regarding its emissions, the lack of defined reduction strategies suggests an opportunity for further commitment to climate action.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 7,000 | 00,000 | 0,000 |
| Scope 2 | 66,430 | 000,000 | 000,000 |
| Scope 3 | 66,430 | 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.
Abu Dhabi Securities 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.
