Marketaxess
MarketAxess Holdings Inc., headquartered in the United States, is a leading electronic trading platform in the fixed-income market. Founded in 2000, the company has revolutionised the way institutional investors trade bonds, providing a transparent and efficient marketplace. With a strong presence in North America, Europe, and Asia, MarketAxess serves a diverse clientele, including asset managers, hedge funds, and banks. The firm’s core offerings include its advanced trading technology and data analytics services, which facilitate the execution of corporate bonds, municipal bonds, and other fixed-income securities. MarketAxess is renowned for its unique all-to-all trading model, which enhances liquidity and price discovery. As a pioneer in the industry, the company has achieved significant milestones, including the introduction of the first electronic trading platform for corporate bonds, solidifying its position as a market leader in fixed-income trading solutions.
DitchCarbon Score
How does Marketaxess'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
Marketaxess's score of 35 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Marketaxess's reported carbon emissions
In 2023, MarketAxess reported total carbon emissions of approximately 14,544,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 179,000 kg CO2e, while Scope 2 emissions totalled approximately 640,000 kg CO2e (market-based). The majority of their emissions stemmed from Scope 3, which accounted for about 13,725,000 kg CO2e, primarily from employee commuting (approximately 890,000 kg CO2e) and purchased goods and services (around 12,162,000 kg CO2e). In 2022, the company had total emissions of about 15,000,000 kg CO2e, with Scope 1 emissions at approximately 172,300 kg CO2e and Scope 2 emissions at about 608,251 kg CO2e (market-based). Scope 3 emissions for that year were around 14,000,000 kg CO2e. Despite the significant emissions figures, MarketAxess has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments suggests a need for further transparency regarding their climate strategy and goals.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 172,300 | 000,000 |
| Scope 2 | 608,251 | 000,000 |
| Scope 3 | 1,786,900 | 00,000,000 |
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.
Marketaxess is not committed to any reduction initiatives 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.
