Climate Change Data

Interactive Brokers Group, Inc.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,870.83 tCO2e (2022 data)
Scope 1 Emissions:20.89 tCO2e (North America) + 0.94 tCO2e (Asia) + 190.43 tCO2e (Europe)
Scope 2 Emissions:365.59 tCO2e (North America) + 1,120.81 tCO2e (Asia) + 172.17 tCO2e (Europe)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:46% of operational footprint (offices and data centers); 64% of data centers' third-party providers use renewable power
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Leadership and Governance
  • Our People
  • Environmental Stewardship

Environmental Achievements

  • Completed first Greenhouse Gas Inventory for 2022
  • Reduced energy consumption by installing energy-efficient LED lights
  • 23 of our offices and data centers use renewable power sources, representing approximately 46% of our operational footprint; while 64% of our data centers’ third-party providers use renewable power.

Social Achievements

  • Hired Head of ESG & Sustainability
  • New Female Board Director
  • Expanded our Internal ESG team
  • Increase in women interns 63%
  • Increase in Learning and Development training hours
  • New Employee Resource Groups
  • New communication platform for staff
  • New Mental Health Program
  • Improved Staff Retention Statistics

Governance Achievements

  • Released a new Vendor Code of Conduct
  • Created A new Environmental & Social Policy Statement
  • Hired Head of Procurement and created a new procurement department

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards 2021, SASB Materiality Map for the Investment Banking & Brokerage Industry, UN Sustainable Development Goals

Certifications: LEED (Boston, Dublin, Shanghai, Singapore offices), BREEAM (London office), Wiredscore (London and Hong Kong offices)

Third-party Assurance: Ramboll (limited assurance under ISO 14064-3:2019 for Scope 1 and 2 GHG)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • IMPACT by Interactive Brokers (IMPACT App)

Awards & Recognition

  • Barron's Awards
  • Investopedia Awards
  • Preqin Awards
  • Business Insider Award
  • ABA Stevie Gold Awards
  • Benzinga Global Fintech Awards
  • ForexBroker.com Awards
  • StockBrokers.com Awards
  • Investor's Business Daily Awards
  • BrokerChooser Awards

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:362.4 tCO2e (Scope 1 & 2 combined)
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 (e.g., EU CSRD, SEC Climate Disclosure Rule) and potential litigation related to sustainability claims.
  • Reputational Risks: Maintaining a strong reputation in the face of increasing scrutiny on corporate climate action and ESG performance.
Mitigation Strategies
  • Partnering with key departments to monitor regulatory developments and enhance reporting to ensure compliance.
  • Robust documentation and evidence for all public claims to limit risk exposure.
  • Advancing environmental stewardship through ongoing reporting and managing climate footprint aligned with stakeholder sentiment.

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; due diligence questionnaires for certain vendors.

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 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; ESG features integrated into trading platforms.