TSX Inc. Sustainability Profile
TSX Inc., headquartered in Canada, is a leading provider in the financial technology industry, specialising in innovative trading solutions and market infrastructure. Founded in 1852, TSX has evolved significantly, establishing itself as a cornerstone of the Canadian capital markets. The company operates primarily in Canada, with a strong presence in major financial hubs. TSX Inc. offers a range of services, including trading, clearing, and settlement solutions, distinguished by their commitment to reliability and efficiency. Recognised for its robust market position, TSX Inc. has achieved numerous milestones, including the launch of advanced trading platforms that cater to diverse market participants. With a focus on enhancing market accessibility and transparency, TSX continues to play a pivotal role in shaping the future of financial services in Canada and beyond.
DitchCarbon Score
How does TSX Inc.'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
TSX Inc.'s score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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TSX Inc.'s reported carbon emissions
In 2024, TSX Inc. reported total carbon emissions of approximately 8,259,000 kg CO2e, comprising 50,000 kg CO2e from Scope 1 (stationary combustion), 1,689,000 kg CO2e from Scope 2 (purchased electricity), and 6,520,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from purchased goods and services (3,754,000 kg CO2e), business travel (764,000 kg CO2e), and employee commuting (901,000 kg CO2e). In 2023, the company recorded total emissions of about 6,202,000 kg CO2e, with Scope 1 emissions at 55,000 kg CO2e, Scope 2 at 1,828,000 kg CO2e, and Scope 3 at 4,319,000 kg CO2e. This indicates a notable increase in emissions from 2023 to 2024. TSX Inc. has set ambitious climate commitments, aiming for an 8% reduction in combined Scope 1 and 2 emissions by 2024, using 2023 as the base year. This target is supported by initiatives such as centralising activities through a real estate strategy, enhancing resource efficiency, and incorporating clean energy solutions. The company is also committed to neutralising its carbon footprint by developing a climate transition plan, with a target timeframe extending to 2025 for both Scope 1 and Scope 2 emissions. Overall, TSX Inc. is actively working towards reducing its carbon emissions while addressing the challenges posed by its operational footprint.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 55,000 | 00,000 |
| Scope 2 | 1,828,000 | 0,000,000 |
| Scope 3 | 4,319,000 | 0,000,000 |
How Carbon Intensive is TSX Inc.'s Industry?
How Carbon Intensive is TSX Inc.'s Location?
TSX Inc.'s Scope 3 Categories Breakdown
TSX Inc.'s Scope 3 emissions, which increased by 51% last year and increased by approximately 51% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 58% of Scope 3 emissions.
Top Scope 3 Categories
TSX Inc.'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.
TSX Inc. 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.
