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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.
51
DitchCarbon score
+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.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Tmx's reported carbon emissions
TMX, headquartered in CA and operating in financial intermediation services, reported total carbon emissions of approximately 8,270,000 kg CO2e in 2024. This figure includes Scope 1 emissions of 50,000 kg CO2e, Scope 2 emissions of 1,704,000 kg CO2e (location-based), and Scope 3 emissions of 6,520,000 kg CO2e.
Looking back, in 2023, TMX's total emissions were approximately 6,198,000 kg CO2e, comprising 55,000 kg CO2e from Scope 1, 1,828,000 kg CO2e from Scope 2, and 4,319,000 kg CO2e from Scope 3.
TMX is committed to achieving net-zero carbon emissions by 2030 for both Scope 1 and Scope 2. The company also aims to neutralise its carbon footprint and reduce emissions by developing a climate transition plan.
Notably, TMX reported an 8% year-over-year reduction in combined Scope 1 and Scope 2 emissions from 2023 to 2024. This reduction is attributed to implementing a real estate strategy to centralise activities, improving resource efficiency in offices, and utilising clean and renewable energy certificates for the first time.
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Tmx’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
10 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Tmx11 months ago
51
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