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Canadian Derivatives Clearing Corporation
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 | - | - | - | - | - |
| 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.
Canadian Derivatives Clearing Corporation 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.
