Tmx Sustainability Profile
Tmx, officially known as Tmx Group, is a leading provider of technology solutions headquartered in California. Founded in 2010, the company has established a strong presence in the financial services and data management sectors, with significant operations across North America and Europe. Tmx specialises in delivering innovative software solutions that streamline operations and enhance data analytics for businesses. Their core offerings include advanced trading platforms and comprehensive risk management tools, which are distinguished by their user-friendly interfaces and robust functionality. Recognised for its commitment to excellence, Tmx has achieved notable milestones, including strategic partnerships and industry awards, solidifying its position as a trusted leader in the technology landscape. With a focus on continuous improvement and customer satisfaction, Tmx remains at the forefront of the evolving tech industry.
DitchCarbon Score
How does Tmx'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
Tmx's score of 49 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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Tmx's reported carbon emissions
In 2024, TMX Group Limited, headquartered in California, reported carbon emissions of approximately 4,000,000 kg CO2e, all of which fall under Scope 1 emissions. This marks a significant focus on direct emissions from their operations. In the previous year, 2023, TMX's total emissions were about 6,944,000 kg CO2e, with Scope 1 emissions at 606,000 kg CO2e, Scope 2 emissions at 998,000 kg CO2e, and Scope 3 emissions reaching approximately 5,340,000 kg CO2e. TMX has set ambitious climate commitments, aiming for net-zero carbon emissions by 2030 for both Scope 1 and Scope 2 emissions. This commitment reflects their proactive approach to addressing climate change and aligns with industry standards for sustainability. The company has not disclosed specific reduction percentages but is actively working towards these targets. The emissions data is not cascaded from any parent organization, indicating that TMX Group Limited independently reports its emissions and climate initiatives. Overall, TMX's commitment to achieving net-zero emissions by 2030 positions them as a responsible player in the financial services sector, demonstrating a clear dedication to reducing their carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 673,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 829,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 598,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Tmx's Industry?
How Carbon Intensive is Tmx's Location?
Tmx's Scope 3 Categories Breakdown
Tmx's Scope 3 emissions, which increased by 799% last year and increased by approximately 793% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Tmx'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.
Tmx 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.
