Commercial, GHG Emissions - June 18, 2021
Nasdaq Sees Third Year of Carbon Neutrality
Nasdaq was carbon neutral for the third year in a row in 2020 and plans to focus in 2021 on purchasing RECs to support the addition of new renewable energy generation.
The market index released its 2020 Corporate Sustainability Report revealing the findings of an updated sustainability materiality analysis of its operations and its consultation with sustainability frameworks like Global Reporting Initiative, Sustainability Accounting Standards Board and Task Force on Climate-related Financial Disclosure.
Nasdaq used 2020 to consolidate the cost and operational aspects of its environmental reporting in order to address key issue areas like energy consumption. In addition to the RECs it plans to purchase, Nasdaq also plans to purchase carbon offsets from projects that focus on carbon removal.
“At Nasdaq, we are committed to advancing ESG initiatives. In addition to providing frequent and robust reporting on our Environmental, Social and Governance efforts and continuously working to identify emerging ESG trends, we encourage our employees to participate in our ESG initiatives and engage with our clients and stakeholders to pursue ESG-related opportunities and accelerate the ESG progress of corporate issuers,” the report states.