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Cboe Global Markets, Inc., commonly referred to as Cboe, is a leading provider of financial intermediation services based in the United States. Headquartered in Chicago, Illinois, Cboe operates across major financial markets worldwide, offering a comprehensive suite of trading and risk management solutions. Founded in 1973, the company has established a strong reputation for its innovative derivatives, equities, and options trading platforms.
Cboe’s core offerings include highly liquid options exchanges, futures markets, and proprietary indices, which are distinguished by their technological sophistication and market integrity. As a prominent player in the financial services industry, Cboe has achieved notable milestones, including the development of the VIX volatility index, widely regarded as a key measure of market risk. Its market position is reinforced by a commitment to innovation and regulatory compliance, making it a vital component of the global financial ecosystem.
-2 vs industry average
Cboe’s score of 35 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Cboe, a US-based financial intermediation services company, reported total market-based carbon emissions of approximately 36.5 million kg CO2e in 2023. This includes about 384,000 kg CO2e from Scope 1 emissions, approximately 3.3 million kg CO2e from Scope 2 market-based emissions, and around 32.9 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2023 included purchased goods and services (approximately 21.3 million kg CO2e) and business travel (around 5.2 million kg CO2e).
Looking back, Cboe's market-based emissions were approximately 32.5 million kg CO2e in 2022, with about 25,000 kg CO2e from Scope 1, 838,000 kg CO2e from Scope 2 market-based, and 31.6 million kg CO2e from Scope 3. In 2021, Cboe disclosed Scope 1 emissions of approximately 717,000 kg CO2e and Scope 2 market-based emissions of about 5.8 million kg CO2e, with Scope 3 data not available for that year. The company's 2020 emissions included around 1.8 million kg CO2e from Scope 1 and approximately 9.5 million kg CO2e from Scope 2 market-based, again without disclosed Scope 3 data. In 2019, Scope 1 emissions were roughly 1.8 million kg CO2e and Scope 2 market-based emissions were about 10.5 million kg CO2e. For 2018, Scope 1 emissions were approximately 1.8 million kg CO2e (fugitive emissions) and Scope 2 market-based emissions were around 6.9 million kg CO2e.
Cboe is committed to achieving net-zero emissions across its operations and material Scope 3 emissions by 2050. The company also announced an interim reduction goal for Scope 1 and 2 emissions in its 2025 CSR report. Cboe’s performance data is sourced from Cboe Global Markets, Inc.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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