Multi Commodity Exchange of India Limited Sustainability Profile
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 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 figure represents a significant decrease from the previous year's Scope 2 emissions, which were about 1,374,000 kg CO2e in 2021. MCX has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 40% from the 2021 baseline by the year 2030. This target reflects the company's proactive approach to addressing its carbon footprint and aligns with industry standards for climate action. As of now, there is no reported data on Scope 1 or Scope 3 emissions, indicating a focus on Scope 2 emissions in their current reporting. The company's climate initiatives are not cascaded from a parent organisation, as MCX operates independently in this regard. Overall, MCX's commitment to reducing emissions demonstrates its dedication to sustainability and responsible environmental stewardship within the financial sector in India.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 1,374,000 | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Multi Commodity Exchange of India Limited's Industry?
How Carbon Intensive is Multi Commodity Exchange of India Limited's Location?
Multi Commodity Exchange of India Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Multi Commodity Exchange of India Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
