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 24 is lower 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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Multi Commodity Exchange of India Limited's reported carbon emissions
In 2022, the Multi Commodity Exchange of India Limited (MCX) reported Scope 2 emissions of approximately 941,000 kg CO2e. This marked a reduction from 2021, when their Scope 2 emissions were about 1,374,000 kg CO2e. MCX has set ambitious targets to further reduce its carbon footprint, aiming for a 40% reduction in both Scope 1 and Scope 2 emissions from the 2021 baseline by the year 2030. These commitments reflect the company's proactive approach to climate action and sustainability within the financial services sector. As of now, MCX does not disclose any Scope 1 or Scope 3 emissions data. However, their focus on reducing Scope 2 emissions aligns with industry standards for climate responsibility. The company's climate initiatives are documented in their sustainability reports, which outline their commitment to achieving these reduction targets.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,374,000 | 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 participating in some of the initiatives that 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.
