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.
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.
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.
The Cyprus Stock Exchange's score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, The Cyprus Stock Exchange reported total carbon emissions of approximately 236,000 kg CO2e from Scope 2 and about 238,300 kg CO2e from Scope 3, alongside around 19,460 kg CO2e from Scope 1. This marks a significant increase in Scope 2 emissions compared to 2022, where they were about 170,950 kg CO2e, while Scope 1 emissions decreased from approximately 17,980 kg CO2e in the previous year. The exchange has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. However, there are currently no specific reduction targets or climate pledges outlined in their reports. The absence of documented reduction initiatives suggests that while emissions data is being tracked, formal commitments to reduce carbon footprints may still be in development. Overall, The Cyprus Stock Exchange is actively monitoring its carbon emissions, but further steps may be necessary to establish clear climate commitments and reduction strategies.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 24,390 | 00,000 | 00,000 |
Scope 2 | 60,500 | 000,000 | 000,000 |
Scope 3 | - | 000,000 | 000,000 |
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.
The Cyprus Stock Exchange 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.