Multi Commodity Exchange of India Limited
The Multi Commodity Exchange of India Limited (MCX) is a leading commodity exchange headquartered in Mumbai, India. Established in 2003, MCX has become a pivotal player in the Indian financial landscape, facilitating trading in a diverse range of commodities, including metals, energy, and agricultural products. With a focus on providing a transparent and efficient trading platform, MCX offers unique services such as futures trading and risk management solutions, catering to both institutional and retail investors. The exchange has achieved significant milestones, including being the first exchange in India to launch options trading in commodities. Recognised for its robust market position, MCX continues to innovate and expand its offerings, solidifying its reputation as a trusted hub for commodity trading in India and beyond.
DitchCarbon Score
How does Multi Commodity Exchange of India Limited'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
Multi Commodity Exchange of India Limited's score of 16 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Multi Commodity Exchange of India Limited's reported carbon emissions
In 2023, the Multi Commodity Exchange of India Limited (MCX) reported carbon emissions totalling approximately 2,113,000 kg CO2e, comprising 1,173,000 kg CO2e from Scope 1 and 941,000 kg CO2e from Scope 2 emissions. This data reflects a consistent emission profile compared to 2022, indicating no significant reduction in total emissions over the year. MCX has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. As such, the organisation's climate commitments remain unclear, and there are no documented strategies aimed at reducing their carbon footprint. In the context of the industry, MCX's emissions are indicative of the broader challenges faced by financial and commodity exchanges in addressing climate change. The lack of defined reduction targets highlights the need for enhanced climate action within the sector.
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Get Started| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,173,000 | 0,000,000 |
| Scope 2 | 941,000 | 000,000 |
| Scope 3 | - | - |
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.
Multi Commodity Exchange of India Limited 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.
