Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Annual independent third-party assurance on research and quality control process

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Performance
• Diversity and Associate Engagement
• Corporate Governance

Environmental Achievements

• Launched ESG Exchange Traded Products (ETPs) covering clean energy, diversity and inclusion, emerging markets, and water.
• Joined the Sustainable Stock Exchange (SSE) Initiative as an observer and remained a member of the WFE Sustainability Working Group.

Social Achievements

• Launched a company-wide Cboe Women’s Initiative focused on defining community and defining careers.
• Completed a baseline pay equity study in 2018 and was in the process of completing the 2019 study.
• Implemented career, leadership, and culture-focused programs in response to a 2018 associate engagement survey.
• Launched CboeU, an online learning system with 110 courses.

Governance Achievements

• Maintained a robust corporate governance structure with a diverse and largely independent Board of Directors.
• Implemented an Enterprise Risk Management (ERM) program based on the COSO framework.
• Established a robust Vendor Management Policy.
• Adopted a Code of Business Conduct and Ethics.

Climate Goals & Targets

Environmental Challenges

• Data limitations for environmental footprint metrics, including unavailable data from some offices and data centers.
• Need for ongoing efforts to improve diversity and inclusion.

Mitigation Strategies

• Data collection efforts were expanded to include more offices in future reports.
• Implementation of the Cboe Women’s Initiative and annual pay equity audits.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• ESG Exchange Traded Products (ETPs)

Awards & Recognition

• Financial News Trading and Technology Awards Europe (multiple awards)
• Profit and Loss Readers’ Choice Awards
• Fund Technology and WSL Awards
• CTA Intelligence Awards
• The TRADE, Leaders in Trading Awards
• Onspring Connection, Onspring Innovation Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Offset Scope 1 and 2 emissions from 2020 through the purchase of carbon offsets.
• Offset Scope 3 emissions from 2020 business air travel (estimated using 2019 data).

Social Achievements

• Increased percentage of diverse new hires (3.4% more females globally and 4.6% more ethnicity diverse candidates in the U.S. compared to 2019).
• Founded the Cboe Diversity Leadership Council.
• Increased charitable giving by 41% year-over-year.
• Launched a new wellness program (CboeFit) for U.S. associates.
• No associate furloughs during the COVID-19 pandemic.

Governance Achievements

• Established a robust process for alert policies regarding the timing and nature of public release of information, trading halts, and extraordinary market volatility.
• Implemented a Code of Business Conduct and Ethics.
• Maintained 100% uptime across global platforms (with minor exceptions).

Climate Goals & Targets

Environmental Challenges

• Data limitations for smaller offices and data centers.
• Incorporating newly acquired companies into ESG program.
• Relocation of Chicago corporate headquarters.

Mitigation Strategies

• Estimated emissions for smaller offices and data centers.
• Phased incorporation of acquired companies' data.
• Ongoing monitoring and adaptation of ESG program.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Leveraging exchanges to enhance access to ESG ETPs.

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs, WFE SWG, SSE Initiatives

Sustainable Products & Innovation

• S&P 500 ESG Index Options

Awards & Recognition

• Markets Media Markets Choice Awards 2021 Best Global Exchange Group
• Financial News Trading and Technology awards 2020: Clearing House of the Year, EuroCCP
• 2021: Exchange Group of the Year, Cboe Europe
• SRP Structured Retail Products Awards 2020 Best Structured Product and Derivatives Exchange, Cboe

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved carbon-neutral operations by purchasing carbon offsets for Scope 1, 2, and 3 emissions.
• Partnered with Climate Vault and Land Life Company for carbon offsetting and reforestation projects.
• Reduced physical servers in London data centers through virtualization, expecting yearly energy demand reduction starting in 2022.
• Chicago headquarters and new trading floor located in LEED Gold buildings.

Social Achievements

• Launched two new Associate Resource Groups: PRISM+ (LGBTQIA+) and Cboe Veterans’ Initiative.
• Completed first pay equity study in 2019 and finalized implementation of findings in 2020.
• Increased percentage of diverse new hires in 2021 (7.8% more ethnically diverse candidates in the U.S. compared to 2020).
• Donated over $700,000 to non-profit organizations in 2021, including over $560,000 to support relief efforts in Ukraine.
• Cboe Empowers awarded five full-ride college scholarships to Black and Latinx high school students.

Governance Achievements

• Updated Nominating and Governance Committee charter to specifically oversee environmental and social responsibility policies and initiatives.
• Added climate risk review to Risk Committee charter.
• Engaged a third-party consultant to conduct a preliminary scenario analysis of climate-related risks.
• Adopted an Environmental and Green Procurement Policy.
• Adopted a Human Rights Policy in 2021.

Climate Goals & Targets

Environmental Challenges

• Identifying and managing climate-related risks relevant to Cboe's business.
• Quantifying the impacts of climate change on the economy and predicting responses to climate scenarios.
• Addressing the “great resignation” and maintaining low employee turnover.

Mitigation Strategies

• Engaged a third-party to conduct a preliminary climate scenario analysis.
• Developing a plan to reduce Scope 1, 2, and material Scope 3 emissions.
• Addressing employee feedback through various engagement channels and offering flexible work schedules.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Environmental and Green Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting offices and data centers

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of ESG-themed products

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: Transparency Invest Certified Transparent Company™

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• S&P 500® ESG Index Options

Awards & Recognition

• Transparency Invest Certified Transparent Company™, Newsweek’s America’s Most Responsible Companies

Environmental Metrics

ESG Focus Areas

• Climate change
• Energy
• Emissions
• Board composition and independence
• Associate engagement
• Cybersecurity and Data Privacy
• Business Ethics
• Community engagement
• Diversity, equity and inclusion

Environmental Achievements

• Planted one tree for every current and new associate in partnership with EcoMatcher.
• Continued partnerships with Carbon Streaming, Climate Vault, and Nori to invest in carbon credit projects.
• Chicago headquarters and trading floor are LEED Gold certified.
• Emissions reductions from transitioning to cloud-based services in London.

Social Achievements

• Expanded Associate Resource Groups (ARGs) to support Asian, Black, and Hispanic associates.
• Increased percentage of offers made to female candidates (40% in 2023 vs. 36% in 2022) and underrepresented minorities (19% in 2023 vs. 14% in 2022).
• Launched Lead the Way, a leadership development program.
• 100% of active U.S. associates completed bystander intervention training.

Governance Achievements

• Continued assembling a more diverse Board of Directors.
• No material data breaches in 2023.
• Implemented a robust vendor management policy.

Climate Goals & Targets

Environmental Challenges

• Data limitations across all facilities for environmental metrics.
• Significant acquisitions in recent years impacting year-over-year comparisons.
• Challenges in measuring the success of carbon credit investments.

Mitigation Strategies

• Utilizing a third-party climate platform to improve data collection and reporting.
• Improving data coverage and transparency in future reports.
• Continuing to analyze Scope 3 emissions and provide updates.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Environmental and Green Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, flooding

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products
• Transition to a net-zero economy

Reporting Standards

Frameworks Used: SASB, TCFD

Certifications: LEED Gold (Chicago HQ and trading floor)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• S&P 500® ESG Index Options
• ESG-themed ETPs

Awards & Recognition

• America’s Greenest Companies 2024
• Markets Choice Awards Finalist
• Alter & Stone Award