Nasdaq Recognized with ‘A’ Score from CDP for Environmental Leadership, Transparency on Climate Actions
Nasdaq has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on its annual ‘A List.’ Based on data reported through CDP’s 2022 Climate Change questionnaire, Nasdaq is one of a small number of companies that achieved an ‘A’ out of nearly 15,000 companies scored.
CDP’s annual environmental disclosure and scoring process are widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.
To assess these companies, CDP uses a detailed and independent methodology allocating a score of ‘A’ to ‘D-’ based on the disclosure, awareness, and management of environmental risks, as well as the demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Companies that provide insufficient information or fail to disclose are scored an ‘F.’
“At Nasdaq, we are committed to leveraging our corporate sustainability initiatives to lead an industry-wide shift toward more sustainable and inclusive financial markets,” said Nina Eisenman, Vice President and Head of Corporate ESG Strategy at Nasdaq. “We have made great strides in establishing benchmarks and outlining an actionable and impactful strategy in recent years and look forward to continuing our efforts to ensure a more sustainable future.”
Nasdaq’s climate strategy seeks to reduce its carbon footprint and corresponding emissions, and to diversify its energy mix by prioritizing renewable energy sources. The company has increased its renewable energy use across its operations to 100%, up from 82% in 2020.
The inclusion on CDP’s A List follows the announcement that Nasdaq’s net-zero target was approved by the Science Based Targets initiative. Nasdaq’s near and long-term targets include:
Near-term 2030 Targets
- Reduce absolute Scope 1 and Scope 2 GHG emissions 100% by 2030 from a 2021 base year.
- Annually source 100% renewable electricity through 2030.
- Reduce absolute Scope 3 GHG emissions 50% by 2030 from a 2021 base year.
- Ensure that 70% of its suppliers by spend, covering purchased goods and services and capital goods, will set science-based targets by 2027.
Long-term 2050 Targets
- Maintain a minimum of 100% absolute Scope 1 and Scope 2 GHG emissions reductions from 2030 through 2050 from a 2021 base year.
- Reduce absolute Scope 3 GHG emissions 95% by 2050 from a 2021 base year.
For more information on this year’s CDP A List, please visit: https://www.cdp.net/en/companies/companies-scores.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.