Tradeweb Markets

Tradeweb Markets, headquartered in the US and operating within financial intermediation services, demonstrates a commitment to climate action through its emissions reporting and initiatives.

For the reporting year 2024, Tradeweb Markets reported a total of approximately 26.2 million kg CO2e. This figure comprises approximately 30,000 kg CO2e in Scope 1 emissions and approximately 4.49 million kg CO2e in Scope 2 emissions (location-based). Scope 3 emissions accounted for approximately 21.7 million kg CO2e, with purchased goods and services being a significant contributor at approximately 14 million kg CO2e. Business travel also represented a notable portion of Scope 3 emissions, at approximately 3.72 million kg CO2e.

In 2023, the company's total emissions were approximately 25 million kg CO2e. This included approximately 37,000 kg CO2e for Scope 1 and around 4.58 million kg CO2e for Scope 2 (location-based). Scope 3 emissions totalled approximately 20.4 million kg CO2e, with purchased goods and services at approximately 14 million kg CO2e and business travel at approximately 3.25 million kg CO2e.

For 2022, total emissions were approximately 22.1 million kg CO2e. Scope 1 emissions were approximately 33,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 2.75 million kg CO2e. Scope 3 emissions amounted to approximately 19.3 million kg CO2e, with purchased goods and services at approximately 12.4 million kg CO2e and business travel at approximately 2.96 million kg CO2e.

Tradeweb Markets' climate commitments are cascaded from London Stock Exchange Group plc, its parent organisation at cascade level 2. This relationship means that Tradeweb Markets inherits certain targets and initiatives from LSEG. Specifically, Tradeweb Markets’ Science Based Targets initiative (SBTi) reduction targets and its commitment to RE100 (100% renewable electricity) are cascaded from London Stock Exchange Group plc. Additionally, its participation in the Net-Zero Standard (RTZ) is also derived from LSEG. Tradeweb Markets' own CDP reporting and performance data are at cascade level 0, indicating direct reporting.

While specific absolute reduction targets for Tradeweb Markets are not detailed in the provided data, the company's participation in initiatives cascaded from London Stock Exchange Group plc signifies a broader corporate strategy towards decarbonisation and climate resilience within the financial sector. The data shows a year-on-year increase in Scope 3 emissions, particularly from purchased goods and services and business travel, highlighting areas for potential future focus in their climate strategy.