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