Canadian Derivatives Clearing Corporation Sustainability Profile
The Canadian Derivatives Clearing Corporation (CDCC), headquartered in Canada, is a pivotal player in the financial services industry, specialising in the clearing and settlement of derivatives transactions. Established in 2001, CDCC has significantly contributed to the stability and efficiency of the Canadian derivatives market, serving major operational regions across the country. As a central counterparty, CDCC offers a range of core services, including trade clearing, risk management, and collateral management, which are designed to mitigate counterparty risk and enhance market integrity. Its unique position as the only clearing house for derivatives in Canada underscores its importance in the financial ecosystem. With a commitment to innovation and regulatory compliance, CDCC continues to solidify its market position, ensuring a robust framework for the trading community.
DitchCarbon Score
How does Canadian Derivatives Clearing Corporation'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 Services Auxiliary to 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
Canadian Derivatives Clearing Corporation's score of 32 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Canadian Derivatives Clearing Corporation (CDCC), headquartered in Canada, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. This lack of data suggests that the CDCC may not have publicly disclosed its carbon footprint or may be in the process of developing its reporting framework. As a current subsidiary of TMX Group Limited, the CDCC's climate commitments and initiatives may be influenced by the parent company's sustainability strategies. However, no specific reduction targets or climate pledges have been identified for the CDCC itself. The absence of documented reduction initiatives or Science-Based Targets (SBTi) further highlights the need for enhanced transparency and commitment to climate action within the organisation. In the broader context, the CDCC operates within an industry increasingly focused on sustainability and carbon reduction. As such, it may benefit from aligning its practices with industry standards and the climate commitments of its parent company, TMX Group Limited, which may have its own sustainability goals and reporting mechanisms in place.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 673,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 829,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 598,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Canadian Derivatives Clearing Corporation's Industry?
How Carbon Intensive is Canadian Derivatives Clearing Corporation's Location?
Canadian Derivatives Clearing Corporation's Scope 3 Categories Breakdown
Canadian Derivatives Clearing Corporation's Scope 3 emissions, which increased by 799% last year and increased by approximately 793% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Canadian Derivatives Clearing Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Canadian Derivatives Clearing Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
