Commercial, GHG Emissions, Sourcing Renewables - November 3, 2022
Nasdaq’s Emission Goals Approved by SBTi
Nasdaq announced that its near- and long-term science-based emissions reduction targets have been approved by The Science Based Targets initiative (SBTi).
The company pledged to reduce Scope 1 and Scope 2 GHG emissions 100% and Scope 3 GHG emissions 50% by 2030. SBTi has also validated Nasdaq’s pledge to reduce Scope 3 GHG emissions 95% to reach net-zero by 2050.
“Nasdaq’s climate strategy seeks to reduce our carbon footprint and corresponding emissions and diversify our energy mix with a focus on prioritizing renewable energy sources,” said Ann Dennison, Executive Vice President and Chief Financial Officer at Nasdaq, in a statement. “We are encouraged by the early progress we have made toward our corporate sustainability goals and remain committed to increasing transparency with all our stakeholders through our robust ESG reporting as we continue on our journey to reach our 2030 and 2050 net-zero targets.”
Nasdaq pledges to reduce Scope 1 and Scope 2 GHG emissions 100% by 2030 from a 2021 base year, source 100% renewable electricity annually through 2030, lower Scope 3 GHG emissions 50% by 2030 from a 2021 base year and ensure that 70% of its suppliers by spend, covering purchased goods and services and capital goods, will set science-based targets by 2027.
The company pledges to maintain a minimum of 100% absolute Scope 1 and Scope 2 GHG emissions reductions from 2030 through 2050 from a 2021 base year and reduce absolute Scope 3 GHG emissions 95% by 2050 from a 2021 base year.
Nasdaq increased its renewable energy use across its operations to 100%, up from 82% in 2020.
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