Tradeweb Markets
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 23 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tradeweb Markets's reported carbon emissions
In 2023, Tradeweb Markets reported significant carbon emissions, totalling approximately 18,300,000 kg CO2e globally. This figure includes 2,800,000 kg CO2e from business travel and 567,000 kg CO2e from employee commuting, both classified under Scope 3 emissions. The company has also disclosed Scope 2 emissions of 0 kg CO2e on a market-based approach, indicating a potential shift towards renewable energy sources. In 2022, Tradeweb's total emissions were about 18,299,000 kg CO2e, with Scope 1 emissions at 23,000 kg CO2e and Scope 2 emissions at approximately 2,614,000 kg CO2e. The Scope 3 emissions for that year were notably high at around 19,734,000 kg CO2e, primarily driven by purchased goods and services, which accounted for about 12,917,000 kg CO2e. For 2021, the company reported total emissions of about 3,556,000 kg CO2e, with Scope 1 emissions at 19,000 kg CO2e and Scope 2 emissions at approximately 2,417,000 kg CO2e. Scope 3 emissions for that year were around 840,000 kg CO2e. Despite these figures, Tradeweb Markets has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The company’s emissions intensity per $ million revenue has shown a decreasing trend, from 0.0204 in 2021 to 0.0137 in 2023, reflecting a commitment to improving operational efficiency. Overall, while Tradeweb Markets has made strides in emissions reporting, the absence of formal reduction targets suggests a need for enhanced climate commitments moving forward.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 19,000 | 00,000 | - |
| Scope 2 | 2,417,000 | 0,000,000 | - |
| Scope 3 | 840,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tradeweb Markets is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
