Climate Change Data

Tradeweb Markets Inc.

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

Renewable Energy Share:12% (London office and UK data centers)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • 12% of our global office footprint is powered entirely by renewable energy
  • $82B in global Green Bond trading volume executed in 2020 on Tradeweb (ex-ETF), $79B of which represents CBI-screened Green Bonds
  • 100% renewable energy coverage for our London office and UK data centers
  • 3 of 4 Tradeweb U.S. data centers are Energy Star certified

Social Achievements

  • Record participation in employee networks (Diversity & Inclusion Network, Tradeweb Global Women’s Network, Tradeweb Cares)
  • 31% of global employees are female
  • 44% of eligible 2020 senior interns accepted full-time offers
  • ~250 combined employees involved in Tradeweb affinity networks
  • 4.9% global voluntary turnover

Governance Achievements

  • Formed a global ESG Steering Committee in 2020
  • Created a full-time ESG role to strengthen focus and integrate ESG into decision-making processes
  • External audits conducted annually (SOC 1, SOC 2, SOX 404)

Climate Goals & Targets

Environmental Challenges

  • Limited data on Scope 2 and Scope 3 emissions
  • Need to further quantify and reduce carbon footprint
  • Need to increase use of renewable energy
  • Need to further develop ESG reporting
Mitigation Strategies
  • Working with leased office space and data center locations to collect and track energy consumption
  • Partnered with Climate Bonds Initiative (CBI)
  • Developing a more flexible work-from-home policy
  • Exploring increased use of cloud-based solutions
  • Reducing physical space, hardware, and printing needs

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:3,556 MT CO2e
Scope 1 Emissions:N/A
Scope 2 Emissions:2,706 MT CO2e
Scope 3 Emissions:850 MT CO2e
Renewable Energy Share:32%
Total Energy Consumption:13,328 MWh
Waste Generated:10 tonnes
Carbon Intensity:3.40 MT CO2e per $ million net revenue

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • 72% increase in CBI-Screened Green Bonds ADV compared to the prior year
  • 48% Global Energy Consumption covered by renewables & other non-emitting energy
  • Reduced single-use plastics in US offices (eliminating plastic water bottles and K-cups)

Social Achievements

  • Strong increase in female representation among senior leaders
  • Expanded universe of partner organizations for diverse hiring at all levels
  • Expansive range and volume of programming through employee networks
  • Increased ethnic diversity of employee base
  • Launched Spotlight Dealer Diversity program

Governance Achievements

  • Improved ESG scores from all five major rating agencies
  • Appointed ESG Board Liaisons
  • Strengthened ESG integration throughout business and operations
  • Enhanced reporting

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero emissions (target date not specified)
Medium-term Goals:
  • Formalize analysis of climate-related risks and opportunities
  • Develop a formal strategy for renewable energy sourcing and Scope 3 carbon offsetting
Short-term Goals:
  • Reduce overall energy consumption and emissions
  • Move toward 100% renewable energy coverage

Environmental Challenges

  • Supply chain disruptions (implied, not explicitly stated)
  • Data limitations in comprehensive ESG reporting (e.g., Scope 3 emissions)
Mitigation Strategies
  • Working with partners to refine data sets for more granular ESG reporting
  • Implementing supplier and vendor questionnaires to gather ESG data
  • Exploring cloud computing solutions for environmental and operational benefits

Supply Chain Management

Responsible Procurement
  • Supplier questionnaires including ESG questions (environmental footprint, science-based targets, human rights, diversity policies)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events affecting office and data center locations
Opportunities
  • Development of energy-efficient products and services (implied)

Reporting Standards

Frameworks Used: SASB, GRI Standards: Core Option, GHG Protocol

UN Sustainable Development Goals

  • Goal 3 (Good Health and Well-being)
  • Goal 4 (Quality Education)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)

Alignment of philanthropic donations and volunteering efforts with UN SDGs

Awards & Recognition

  • Morningstar's Best Sustainable Companies to Own
  • Investor's Business Daily's Best ESG Companies