Interactive Brokers

Interactive Brokers: Carbon Emissions and Climate Commitments

Interactive Brokers, a financial services company based in the US, is committed to reducing its environmental impact.

Carbon Emissions Data:

• 2022: The company reported Scope 1 and 2 emissions totalling approximately 1,870,830 kg CO2e. Missing data points include Scope 3 categories such as purchased goods and services, business travel, and employee commute.

Climate Commitments and Targets:

Interactive Brokers has set ambitious Science Based Targets (SBTi) aligned with a 1.5°C trajectory. These include:

• Near-Term Targets (by 2030):
  • A commitment to reduce Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46% from a 2019 base year.
  • A commitment to measure and subsequently reduce Scope 3 emissions.
• Long-Term Targets (by 2050):
  • A commitment to achieve net-zero emissions.
  • As part of this, Interactive Brokers aims to reduce combined Scope 1, 2, and 3 emissions by 90% from a 2019 base year.

These targets have been approved by the Science Based Targets initiative (SBTi) and are noted as being consistent with keeping global warming to 1.5°C. It is important to note that these targets were approved via a streamlined validation route intended for Small and Medium-sized Enterprises (SMEs).

The company's climate commitments are not cascaded from a parent organisation, indicating direct responsibility for its own targets and reporting.