Commercial, GHG Emissions  -  November 18, 2021

Intercontinental Exchange Publishes Emissions Baselines

Intercontinental Exchange (ICE) announced Nov. 16 that it established a baseline for its Scope 1 and 2 emissions by publishing its carbon levels in 2020 that can be compared with future emissions targets.

The data and tech company also began reporting its Scope 3 with the intention of eventually creating an emissions baseline. The company plans to release reduction targets next year.

ICE also plans to continue purchasing verified carbon offers and RECs for its calculated emissions.

“ICE’s commitment to corporate responsibility underpins the work we do across our businesses,” Jeffrey Sprecher, Chairman and CEO of the Intercontinental Exchange, said in a statement. “While the way we approach, manage and engage with our stakeholders on ESG matters has evolved since our founding over two decades ago, we remain steadfast in our commitment to transparency and providing our customers with solutions and products to manage their risks and opportunities.”

The contents of the report were supported by three sustainability disclosures released simultaneously: the Sustainable Accounting Standards Board (SASB) metrics for the exchange sector, Taskforce for Climate-Related Financial Disclosure (TCFD) aligned reporting, and the UN Sustainable Development Goals. ICE revised its climate risk data across municipalities and securities and released this data as well.

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