Climate Change Data

Interactive Brokers Group, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:169.78 tCO2e (Scope 1) + 2723.29 tCO2e (Scope 2 Location-based) + 92.62 tCO2e (Scope 2 Market-based)
Scope 1 Emissions:169.78 tCO2e
Scope 2 Emissions:2723.29 tCO2e (Location-based) + 92.62 tCO2e (Market-based)
Renewable Energy Share:90.93% (Scope 1 & 2)

ESG Focus Areas

  • Leadership and Governance
  • Our People
  • Environmental Stewardship

Environmental Achievements

  • Reduced Scope 1 and 2 tCO2e amounts globally, with Scope 1 and 2 emissions across global offices now 90.93% renewable.
  • More than 90% of offices used renewable energy in 2023 (up from 38.44% in 2022).
  • 37% of offices are LEED certified; 72% of buildings hold some type of sustainability certificates or awards.

Social Achievements

  • Increased female representation in management by 0.7% and in executive roles by 3% in 2023.
  • Implemented a global mental health program for managers.
  • Expanded internship program and hosted a weekly speaker series on topics such as financial literacy.

Governance Achievements

  • Created an Environmental and Social Policy Statement and a Vendor Code of Conduct in 2023.
  • Established an ESG Board Committee and a Sustainability Advocates and Information Leadership (SAIL) group.
  • Maintains robust risk management program with a three lines of defense model.

Climate Goals & Targets

Environmental Challenges

  • Legal/Policy-Related Climate Risks: Compliance with evolving regulations like the EU CSRD and SEC Climate Disclosure Rule.
  • Reputational Risks: Maintaining a strong reputation in the face of increasing scrutiny on corporate climate action.
  • Potential for lawsuits related to 'greenwashing'.
Mitigation Strategies
  • Partnering with key departments to monitor regulatory developments and enhance reporting to ensure compliance.
  • Continuing to advance environmental stewardship through ongoing reporting and managing climate footprint.
  • Including robust documentation and evidence for all public claims to limit risk exposure.

Supply Chain Management

Responsible Procurement
  • Vendor Code of Conduct aligning with Interactive Brokers Group, Inc. Code of Business Conduct and Ethics; integrated third-party lifecycle management process for vendor evaluation.

Climate-Related Risks & Opportunities

Transition Risks
  • Legal/Policy-Related Climate Risks
  • Reputational Risks

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards 2021, SASB Materiality Map for the Investment Banking & Brokerage Industry, TCFD (aligned with IFRS Standards S1 and S2)

Third-party Assurance: Ramboll

UN Sustainable Development Goals

  • Quality Education
  • Climate Action

Positive changes seen in Quality Education through learning and development and financial literacy, and Climate Action through environmental stewardship.

Sustainable Products & Innovation

  • IMPACT by Interactive Brokers (IMPACT) application