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 26 is higher than 68% 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 2023, the Multi Commodity Exchange of India Limited (MCX) reported total carbon emissions of approximately 2,113,000 kg CO2e, comprising 1,173,000 kg CO2e from Scope 1 and 941,000 kg CO2e from Scope 2. This data reflects a consistent emission pattern from the previous year, 2022, where emissions were also reported at 1,173,000 kg CO2e for Scope 1 and 941,000 kg CO2e for Scope 2. MCX has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 40% from the 2021 baseline by the year 2030. Similarly, the company targets a 40% reduction in Scope 2 emissions within the same timeframe. These initiatives demonstrate MCX's commitment to addressing its carbon footprint and contributing to broader climate goals. As of now, there is no reported data on Scope 3 emissions, indicating a potential area for future focus. Overall, MCX's proactive approach to emissions reduction aligns with industry standards and reflects a growing commitment to sustainability within the financial sector in India.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 |
| Scope 2 | 1,374,000 | 000,000 | 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.
