- Pledges to reduce absolute Scope 1 and Scope 2 GHG emissions 100% and Scope 3 GHG emissions 50% by 2030
- Pledges to reduce absolute Scope 3 GHG emissions 95% by 2050
Nasdaq (Nasdaq: NDAQ) announced today that its near- and long-term science-based emissions reduction targets have been approved by The Science Based Targets initiative (SBTi). Nasdaq has pledged to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions 100% and absolute 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 is committed to using its environment, social, and governance (ESG) efforts to lead the shift toward creating more sustainable capital markets. Guided by our purpose to drive economic progress for all, Nasdaq seeks to extend its impact beyond its operations by empowering markets and communities with strategic solutions that have measurable and lasting impacts.
“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. “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.”
Near-term: 2030 Targets
Nasdaq pledges to:
- 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
Nasdaq 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.
- Reduce absolute Scope 3 GHG emissions 95% by 2050 from a 2021 base year.
