Tradeweb Markets Sustainability Profile
Tradeweb Markets Inc., headquartered in the United States, is a leading global operator of electronic marketplaces for fixed income, derivatives, and ETFs. Founded in 1996, Tradeweb has established itself as a pioneer in the financial technology sector, facilitating efficient trading solutions for institutional investors, dealers, and retail clients across major operational regions, including North America, Europe, and Asia. The company offers a diverse range of core products and services, including its innovative trading platforms that enhance liquidity and transparency in the markets. Tradeweb's unique approach to electronic trading has positioned it as a key player in the industry, with notable achievements such as its successful IPO in 2019. With a commitment to advancing market structure and technology, Tradeweb continues to redefine the trading landscape, making it a trusted partner for market participants worldwide.
DitchCarbon Score
How does Tradeweb Markets'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
Tradeweb Markets's score of 70 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tradeweb Markets's reported carbon emissions
In 2023, Tradeweb Markets reported total carbon emissions of approximately 18,300,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly from purchased goods and services (about 12,917,000 kg CO2e) and business travel (approximately 2,802,000 kg CO2e). Scope 1 emissions were recorded at about 23,000 kg CO2e, while Scope 2 emissions were negligible at 0 kg CO2e. In 2022, the company disclosed Scope 2 emissions of approximately 2,341,000 kg CO2e in the US, while global emissions included about 19,734,000 kg CO2e in Scope 3, with notable figures in business travel (approximately 2,997,000 kg CO2e) and purchased goods and services (around 13,158,000 kg CO2e). Tradeweb Markets has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The company is a current subsidiary of Tradeweb Markets Inc., with emissions data cascaded from this parent organization. Additionally, climate initiatives are influenced by the London Stock Exchange Group plc, which is involved in various sustainability initiatives at the corporate level. Overall, Tradeweb Markets is actively monitoring its carbon footprint, particularly in Scope 3 emissions, while continuing to align with broader industry standards for climate accountability.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 |
| Scope 2 | 2,417,000 | 0,000,000 | - |
| Scope 3 | 840,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Tradeweb Markets's Industry?
How Carbon Intensive is Tradeweb Markets's Location?
Tradeweb Markets's Scope 3 Categories Breakdown
Tradeweb Markets's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 71% of Scope 3 emissions.
Top Scope 3 Categories
Tradeweb Markets'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.
Tradeweb Markets 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.
