Tp Icap Sustainability Profile
TP ICAP, headquartered in Great Britain, is a leading global intermediary in the financial services industry, specialising in the facilitation of trading across various asset classes. Founded in 2016 through the merger of Tullett Prebon and ICAP’s global broking business, the company has established a strong presence in key operational regions, including Europe, North America, and Asia-Pacific. TP ICAP offers a diverse range of services, including voice and electronic broking, data and analytics, and post-trade services, which are distinguished by their innovative technology and deep market expertise. The firm is recognised for its significant market position, consistently ranking among the top interdealer brokers worldwide. With a commitment to enhancing market efficiency and transparency, TP ICAP continues to achieve notable milestones in the evolving financial landscape.
DitchCarbon Score
How does Tp Icap'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 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.
Industry Benchmark
Tp Icap's score of 76 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tp Icap's reported carbon emissions
In 2024, TP ICAP reported total carbon emissions of approximately 52,438,000 kg CO2e. This includes Scope 1 emissions of about 912,000 kg CO2e, primarily from direct operations, and Scope 2 emissions of approximately 4,691,000 kg CO2e, related to purchased electricity. The majority of their emissions, around 46,835,000 kg CO2e, fall under Scope 3, which encompasses indirect emissions from business travel, employee commuting, and purchased goods and services. Comparatively, in 2023, TP ICAP's total emissions were about 57,723,000 kg CO2e, indicating a reduction in emissions year-on-year. The company has set ambitious targets to achieve carbon neutrality across both Scope 1 and Scope 2 emissions by the end of 2026, aligning with the UK government's Net Zero ambitions. This commitment includes minimising emissions as much as possible before offsetting any residual emissions through certified carbon credits. TP ICAP's emissions data is sourced directly from TP ICAP Group PLC, with no cascading from a parent organisation. The company is actively working towards its climate commitments, demonstrating a proactive approach to reducing its carbon footprint in the financial services sector.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 661,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 6,599,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,665,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is Tp Icap's Industry?
How Carbon Intensive is Tp Icap's Location?
Tp Icap's Scope 3 Categories Breakdown
Tp Icap's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 76% of Scope 3 emissions.
Top Scope 3 Categories
Tp Icap'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.
Tp Icap 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.
