TMX Group Inc. Sustainability Profile
TMX Group Inc., headquartered in Toronto, Canada, is a leading financial services company that operates in the capital markets sector. Founded in 2001, TMX Group has established itself as a pivotal player in the industry, providing a diverse range of services including trading, clearing, and settlement for equities, fixed income, and derivatives. With a strong presence across Canada and significant operations in global markets, TMX Group is renowned for its innovative trading platforms and advanced technology solutions. The company’s flagship products, such as the Toronto Stock Exchange (TSX) and TSX Venture Exchange, cater to a wide array of investors and issuers, making it a cornerstone of the Canadian financial landscape. Recognised for its commitment to transparency and efficiency, TMX Group continues to enhance its market position, achieving notable milestones in sustainability and digital transformation.
DitchCarbon Score
How does TMX Group Inc.'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 Group Inc.'s score of 32 is higher than 56% 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 Group Inc., headquartered in Canada, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of TMX Group Limited, which may influence its climate commitments and reporting practices. While TMX Group Inc. has not outlined specific reduction targets or initiatives, it is important to note that emissions data and performance metrics may be cascaded from its parent organization, TMX Group Limited. This relationship could provide insights into broader corporate sustainability strategies and climate commitments. As of now, TMX Group Inc. has not publicly committed to any specific climate pledges or initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). The absence of detailed emissions data and reduction targets suggests that the company may still be in the early stages of formalising its climate strategy. In summary, TMX Group Inc. is currently lacking specific emissions data and reduction commitments, with potential insights available through its parent company, TMX Group Limited. Further developments in their climate strategy may emerge as the company aligns with industry standards and practices.
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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 Group Inc.'s Industry?
How Carbon Intensive is TMX Group Inc.'s Location?
TMX Group Inc.'s Scope 3 Categories Breakdown
TMX Group Inc.'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 Group Inc.'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 Group Inc. 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.
