Nasdaq Releases 2022 Sustainability Reporting Suite
Nasdaq has released its 2022 Sustainability Reporting Suite, including the 2022 Sustainability Report, the Task Force on Climate-Related Financial Disclosures (TCFD) Report, and accompanying indexes.
The reports and indexes provide transparency around the ESG topics that we believe key internal and external stakeholders view as germane to Nasdaq’s business, with reports on progress made against ESG goals, insights into annual reporting practices, and a timeline of Nasdaq’s sustainability journey.
Corporate sustainability: Solidifying Nasdaq’s business resilience
Nasdaq’s approach to ESG is focused both internally and externally. Internally, Nasdaq’s corporate sustainability strategy is focused on managing the company’s ESG-related risks and opportunities, and the corresponding impact across its own operations.
Minimizing Nasdaq’s environmental footprint and protecting against climate risk
“Our corporate sustainability strategy is driven by minimizing our climate impact and exposure to organizational climate risk. We remain focused on looking across our business to identify ways to bring measurable change to our climate impact. As we look ahead to 2023 and beyond, we are reaffirming our commitment to minimizing our environmental footprint and solidifying our business against long-term climate risks,” said Ann Dennison, Chief Financial Officer, Nasdaq.
2022 environmental highlights include:
- Near- and long-term net-zero emission reduction targets approved by the Science Based Targets initiative
- Achieved carbon neutrality for the fifth consecutive year
- Named to CDP’s Climate A List and recognized by CDP for supplier engagement leadership
Fostering an inclusive, equitable work environment
“Our people are foundational to Nasdaq’s success. We focus our efforts to build a leading global employer brand that attracts, hires and retains the very best talent, allowing us to serve the market’s current needs while evolving to meet new ones,” said Bryan Smith, Chief People Officer, Nasdaq.
2022 social highlights include:
- Established an executive Diversity Steering Committee
- Launched Conscious Inclusion and Inclusive Leadership training classes for all employees
- Added 113 new diverse suppliers through supplier diversity initiatives
Advancing governance excellence
“We believe that our long-standing and recognized tradition of principled, ethical and forward-looking governance practices, transparent disclosures and overall Board effectiveness benefits our stakeholders, including our shareholders, employees, clients and the communities around us,” said John Zecca, Chief Legal, Regulatory, and Risk Officer, Nasdaq.
2022 governance highlights include:
- Won “Best Proxy Statement – Large Cap” in Corporate Secretary Magazine’s 2022 Corporate Governance Awards
- Hosted over 35 ESG-focused investor engagements
External impact: Supporting Nasdaq’s clients and enabling positive outcomes
Externally, Nasdaq is leveraging its position at the intersection of capital markets and technology to better support its clients as they navigate the evolving ESG ecosystem and their own sustainability journeys.
Helping the corporate and investment communities navigate the ESG ecosystem
“As stakeholder expectations evolve, many companies recognize that a good sustainability strategy means good business, whether for employees, clients, suppliers, investors, regulators or other parties. Our product strategy appreciates the diversity of needs and leverages our unique position at the intersection of investors, corporates and regulators to drive long-term value to our clients and the entire ecosystem,” said Nelson Griggs, President, Nasdaq.
2022 commercial highlights include:
- Acquired Metrio, a SaaS-based ESG reporting and analytics platform, expanding the company’s suite of ESG solutions
- Puro.earth issued over 213,000 CO2 Removal Certificates (CORCs) on behalf of suppliers, a 2.4x year-over-year increase in issuance
Enabling positive outcomes for a more sustainable and prosperous future
“In a year marked by constant change, Nasdaq remained committed to our Purpose. In 2022, through strategic initiatives and thoughtful partnerships, we delivered over $6,000,000 in impact; an investment that accelerated our efforts globally, strengthened our Foundation footprint and moved us that much closer to a more sustainable and prosperous future for all,” said Jailan Griffiths, Vice President and Global Head of Purpose, Nasdaq.
2022 Purpose highlights include:
- Supported 11 organizations through the Nasdaq Foundation’s Quarterly Grant Program
- Served over 18,000 entrepreneurs and provided over 1,000 hours of education via the Nasdaq Entrepreneurial Center
To learn more, visit Nasdaq’s 2022 Sustainability Reporting Suite: https://www.nasdaq.com/esg/resource-center.
The Sustainability Report focuses on Nasdaq’s operations from January 1, 2022, through December 31, 2022, unless otherwise indicated. The Sustainability Report uses qualitative descriptions and quantitative metrics to describe our policies, programs, practices and performance. Note that many of the standards and metrics used in preparing the Sustainability Report continue to evolve and are based on management assumptions believed to be reasonable at the time of preparation, but should not be considered guarantees. In addition, historical, current and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve and assumptions that are subject to change in the future. The information and opinions contained in the Sustainability Report are provided as of the date of such report and are subject to change without notice. Nasdaq does not undertake to update or revise any such statements. The information included in the Sustainability Report and any issues identified as material for purposes of, such document may not be considered material for SEC reporting purposes. In the context of this disclosure, the term “material” is distinct from and should not be confused with, such term as defined for SEC reporting purposes.
The information and data in the Sustainability Report cover Nasdaq’s owned and operated businesses as of December 31, 2022, and does not address the performance or operations of our suppliers or contractors unless otherwise noted.
The Sustainability Report includes information on topics that we have identified as significant impact topics relating to ESG matters based on our 2022 ESG materiality assessment. For more information on our significant impact process, please see page 15 of the Sustainability Report. All financial information is presented in U.S. dollars unless otherwise noted.
The Sustainability Report contains forward-looking statements relating to Nasdaq’s operations that are based on management’s current expectations, estimates and projections. See the “Cautionary Note Regarding Forward-Looking Statements” below.
Therefore, the actual conduct of our activities, including the development, implementation or continuation of any program, policy or initiative discussed or forecasted in the Sustainability Report, may differ materially in the future. As with any projections or estimates, actual results or numbers may vary.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in the Sustainability Report contains forward-looking statements that involve a number of risks and uncertainties. The Sustainability Report contains forward-looking statements relating to Nasdaq’s operations that are based on management’s current expectations, estimates and projections regarding the ESG matters described in the Sustainability Report. Words or phrases such as "can", "aims", "expect", "intends", "plans", "targets", "believes", "seeks", "may", "could", "should", "will", "goals", "objectives", "strategies", "opportunities" and similar expressions are intended to identify such forward-looking statements.
Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) statements about our climate, ESG or sustainability policies, programs, products or initiatives, (ii) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, order backlog, taxes and achievement of synergy targets, (iii) statements about the closing or implementation dates and benefits of certain acquisitions or divestitures and other strategic, restructuring, technology, de-leveraging and capital return initiatives, (iv) statements about our integrations of our recent acquisitions, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its most recent Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Website Disclosure
Nasdaq intends to use its website, ir.nasdaq.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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