Tradeweb Markets

Tradeweb Markets's reported carbon emissions

In 2024, Tradeweb Markets, headquartered in the US, reported total carbon emissions of approximately 24,000,000 kg CO2e. This figure includes 30,000 kg CO2e from Scope 1 emissions, 4,489,000 kg CO2e from Scope 2 emissions (location-based), and 21,746,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (approximately 14,008,000 kg CO2e), business travel (about 3,717,000 kg CO2e), and employee commuting (approximately 1,256,000 kg CO2e). In 2023, the company reported total emissions of approximately 20,414,000 kg CO2e, with Scope 1 emissions at 37,000 kg CO2e, Scope 2 emissions at 4,579,000 kg CO2e (location-based), and Scope 3 emissions at 20,414,000 kg CO2e. This indicates a slight increase in emissions compared to the previous year. Tradeweb Markets has not set specific reduction targets or initiatives as per the latest data, and there are no documented climate pledges. The emissions data is cascaded from its parent company, Tradeweb Markets Inc., and is influenced by the broader climate initiatives of the London Stock Exchange Group plc, which is relevant for their sustainability strategies. Overall, Tradeweb Markets is actively monitoring its carbon footprint, but further commitments and reduction strategies are needed to align with industry standards for climate action.