Cboe Sustainability Profile
Cboe Global Markets, commonly referred to as Cboe, is a leading exchange operator headquartered in the United States. Founded in 1973, Cboe has established itself as a pivotal player in the financial services industry, primarily focusing on options, equities, and exchange-traded products. With major operational regions spanning North America, Europe, and Asia, Cboe offers a diverse range of trading solutions. Cboe is renowned for its innovative products, including the Cboe Volatility Index (VIX), which has become a benchmark for market volatility. The company has achieved significant milestones, such as the introduction of the first listed options in the US. As a market leader, Cboe continues to enhance its offerings, providing unique trading experiences that cater to a global clientele.
DitchCarbon Score
How does Cboe'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
Cboe's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cboe's reported carbon emissions
In 2023, Cboe reported total carbon emissions of approximately 33,949,000 kg CO2e, with emissions distributed across various scopes: 384,000 kg CO2e from Scope 1, 3,317,000 kg CO2e from Scope 2 (market-based), and 32,949,000 kg CO2e from Scope 3. Notably, the Scope 3 emissions included significant contributions from purchased goods and services (21,251,000 kg CO2e) and business travel (5,181,000 kg CO2e). Cboe has set a long-term commitment to achieve net zero emissions by 2050, encompassing all scopes of emissions. This ambitious target reflects the company's dedication to operating responsibly and addressing climate change proactively. The emissions data is sourced directly from Cboe Global Markets, Inc., with no cascaded data from parent or related organizations. Cboe's ongoing efforts and transparency in reporting emissions underscore its commitment to sustainability and climate responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,829,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 6,885,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is Cboe's Industry?
How Carbon Intensive is Cboe's Location?
Cboe's Scope 3 Categories Breakdown
Cboe's Scope 3 emissions, which increased by 4% last year and increased by approximately 4% since 2022, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 64% of Scope 3 emissions.
Top Scope 3 Categories
Cboe'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.
Cboe 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.
