The Cyprus Stock Exchange Sustainability Profile
The Cyprus Stock Exchange (CSE), headquartered in Nicosia, Cyprus, serves as the primary securities market for the island nation. Established in 1996, the CSE has played a pivotal role in the development of the Cypriot financial landscape, facilitating capital raising and investment opportunities across various sectors. Operating primarily within the financial services industry, the CSE offers a platform for trading equities, bonds, and other financial instruments, making it a vital hub for investors and companies alike. Its unique regulatory framework and commitment to transparency have positioned the CSE as a trusted marketplace in the region. With notable achievements in promoting market liquidity and investor participation, the Cyprus Stock Exchange continues to enhance its offerings, contributing significantly to the economic growth of Cyprus and the broader Mediterranean area.
DitchCarbon Score
How does The Cyprus Stock Exchange'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 Services Auxiliary to 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
The Cyprus Stock Exchange's score of 17 is lower than 89% 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
The Cyprus Stock Exchange's reported carbon emissions
In 2022, The Cyprus Stock Exchange reported total carbon emissions of approximately 17980 kg CO2e from direct (Scope 1) sources, primarily due to fuel consumption of commercial vehicles. Additionally, the exchange's energy indirect (Scope 2) emissions from electricity consumption amounted to about 170950 kg CO2e. This reflects a significant increase from 2021, where Scope 2 emissions were reported at approximately 60500 kg CO2e. Despite these figures, The Cyprus Stock Exchange has not disclosed any specific reduction targets or climate commitments, nor does it appear to have cascaded emissions data from a parent organization. The absence of formal climate pledges or initiatives suggests a need for enhanced focus on sustainability and emissions reduction strategies within the organisation.
How Carbon Intensive is The Cyprus Stock Exchange's Industry?
How Carbon Intensive is The Cyprus Stock Exchange's Location?
The Cyprus Stock Exchange'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.
The Cyprus Stock Exchange has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
