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TMX Group Limited, commonly referred to as TMX, is a prominent player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in California, TMX operates across North America, providing essential infrastructure for capital markets and financial transactions. Since its founding, TMX has established itself as a key facilitator of trading, clearing, and settlement services, supporting a diverse range of financial instruments.
The company’s core offerings include trading platforms, post-trade services, and market data solutions, distinguished by their reliability and technological innovation. TMX’s market position is reinforced by its role in enabling efficient capital flow and its commitment to regulatory compliance. With a history of strategic growth and technological advancements, TMX continues to be a vital component of the financial ecosystem.
+14 vs industry average
Tmx’s score of 51 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Tmx, a California-headquartered company in Financial intermediation services, except insurance and pension funding services, reported total carbon emissions of approximately 8.3 million kg CO2e in 2024. This included Scope 1 emissions of 50,000 kg CO2e, Scope 2 emissions (location-based) of 1.7 million kg CO2e, and Scope 3 emissions of 6.52 million kg CO2e. Key contributors to Scope 3 emissions were purchased goods and services (3.754 million kg CO2e), business travel (764,000 kg CO2e), and employee commuting (901,000 kg CO2e).
In 2023, Tmx's total emissions were approximately 6.19 million kg CO2e, with Scope 1 emissions at 55,000 kg CO2e, Scope 2 (location-based) at 1.828 million kg CO2e, and Scope 3 at 4.319 million kg CO2e.
Tmx aims to achieve net-zero carbon emissions for Scope 1 and Scope 2 by 2030. The company has demonstrated progress in emissions reduction, with an 8% year-over-year decrease in combined Scope 1 and 2 emissions between 2023 and 2024. This reduction is attributed to real estate strategy centralisation, improved resource efficiency in offices, and the first-time use of clean energy and renewable energy certificates. Tmx is also committed to carbon neutrality and developing a climate transition plan by 2025.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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