CME Group Inc.
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:63,569 metric tonnes of CO2e (2019)
Scope 1 Emissions:<1% of total emissions (2019)
Scope 2 Emissions:54% of total emissions (2019)
Scope 3 Emissions:19% of total emissions (2019)
Waste Generated:3.37 tons of electronic waste
ESG Focus Areas
- Workforce Empowerment
- Community Commitment
- Sustainable Solutions
- Corporate Stewardship
Environmental Achievements
- Reduced average PUE by 3% at primary data center in Aurora compared to 2019 (nearly 10% reduction since 2017)
- Preserved 530 trees through paper recycling efforts
- Reduced office space by approximately 219,000 square feet through consolidations and renovations
Social Achievements
- Launched first-ever employee well-being week
- Provided resources to help employees balance work and personal lives during the COVID-19 pandemic
- Donated $100,000 to food pantries globally and $470,000 to COVID-19 relief organizations in Chicago
- Donated 7,000 N-95 masks to first responders and healthcare professionals
- Conducted consciously inclusive leadership training for 750+ people managers
Governance Achievements
- Maintained operational resilience and price discovery during unprecedented market volatility
- Obtained ISO27001 information security certification
- 100% of employees completed annual training on cybersecurity and compliance & ethics matters
Climate Goals & Targets
Short-term Goals:
- Decrease electricity consumption at data centers and carbon emissions from business flights
Environmental Challenges
- COVID-19 pandemic and transition to remote work
- Supply chain disruptions
- Maintaining business continuity during market uncertainty
Mitigation Strategies
- Provided resources and support to employees working remotely
- Developed a global return-to-office framework
- Implemented robust business continuity management program
- Introduced new products to help clients manage pandemic-related risks
Supply Chain Management
Responsible Procurement
- Supplier diversity program
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Greenhouse Gas Protocol
Certifications: ISO 27001
Sustainable Products & Innovation
- Nasdaq Veles California Water Index Futures
- E-mini S&P 500 ESG Futures
- Global Emissions Offset (GEO) futures contract (planned)
Awards & Recognition
- FOW International Awards Clearing House of the Year, Americas
- Risk Awards Global Capital’s Global Derivatives Exchange of the Year
- Computerworld’s 100 Best Places to Work in IT (3rd consecutive year)
- World’s Most Valuable Exchange Brand (7th consecutive year)
- American Heart Association’s Workplace Health Achievement Index Gold Recognition (2nd consecutive year)
- Human Rights Campaign Foundation Best Places to Work for LGBTQ Equality & Perfect Score on Corporate Equality Index (3rd consecutive year)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:159,766 tCO2e (2020); 157,375 tCO2e (2021)
Scope 1 Emissions:180 tCO2e (2020); 161 tCO2e (2021)
Scope 2 Emissions:19,761 tCO2e (2020); 19,812 tCO2e (2021)
Scope 3 Emissions:145,869 tCO2e (2020); 137,100 tCO2e (2021)
Total Energy Consumption:41,366,176 kWh (2020); 38,103,509 kWh (2021)
Water Consumption:40 m3 (2020); 30 m3 (2021)
Waste Generated:186 tons (2020); 186 tons (2021)
ESG Focus Areas
- Workforce Empowerment
- Sustainable Solutions
- Community Commitment
- Corporate Stewardship
Environmental Achievements
- Launched the industry’s first Sustainable Clearing service.
- E-mini S&P 500 ESG futures reached a peak of $4.2 billion in open interest.
- Listed E-mini S&P Europe 350 ESG futures.
- Introduced two voluntary carbon-offset tools: Global Emissions Offset (GEO) futures and Nature-Based Global Emissions Offset (N-GEO) futures. More than 47 million offsets were traded in 2021.
- Strengthened responsible sourcing requirements for NYMEX platinum and palladium and COMEX silver.
- Launched lithium futures to support risk management needs in the electric vehicle segment.
- Around 338,000 tons of recycled steel were hedged on CME Group exchanges.
Social Achievements
- Introduced a flexible work model, with 91% of survey respondents saying they were aligned with their managers on flexible work arrangements and 81% agreeing that CME Group is supportive of flexible work.
- Hosted a company-wide Employee Well-being Week.
- Introduced additional employee benefits in 2021, including a flexible work model and improved access to mental health resources.
- Made consciously inclusive leadership training available to all employees.
- Launched a robust program to monitor the use of qualified diverse suppliers and increase spending.
- Donated more than $7.7 million to charitable initiatives.
- Raised $850,000 for St. Jude Children’s Research Hospital.
Governance Achievements
- Continued to set a high bar for good governance and integrity.
- Published EEO-1 data for the U.S.
- Expanded disclosures in accordance with the Sustainability Accounting Standards Board (SASB).
Climate Goals & Targets
Environmental Challenges
- Ongoing COVID-19 pandemic and its impact on employees and operations.
- Low percentage of global supplier budget spent on diverse suppliers (less than 3%).
Mitigation Strategies
- Introduced policies and programs to support employee well-being during the pandemic.
- Implemented a flexible work model.
- Launched a robust supplier diversity program to increase spending with diverse suppliers.
- Implemented DiversityTraX to better manage and track diverse suppliers.
Supply Chain Management
Supplier Audits: 35 suppliers certified as diverse in 2021
Responsible Procurement
- Supplier Diversity Program
- DiversityTraX platform
- Responsible sourcing requirements for certain metals
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Certifications: ISO 27001
Sustainable Products & Innovation
- Global Emissions Offset (GEO) futures
- Nature-Based Global Emissions Offset (N-GEO) futures
- Lithium futures
- E-mini S&P Europe 350 ESG Index futures
Awards & Recognition
- World’s Most Valuable Exchange Brand (Brand Finance)
- Global Capital’s Global Derivatives Exchange of the Year
- Forbes World’s Most Female Friendly Companies
- FOW Global Investor Asia Capital’s Exchange of the Year
- InsiderPro & Computerworld's 100 Best Places to Work in IT
- Best Places to Work for LGBTQ+ Equality
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:162,216 tCO2e/year (market-based)
Scope 1 Emissions:134 tCO2e/year
Scope 2 Emissions:18,962 tCO2e/year
Scope 3 Emissions:143,120 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:46,418,831 kWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Workforce Empowerment
- Sustainable Solutions
- Community Commitment
- Corporate Stewardship
Environmental Achievements
- Launched three new voluntary carbon offset contracts (CBL Core Global Emissions Offset (C-GEO) futures, CBL Global Emissions Offset Trailing (C-GEO-TR) futures and CBL Nature-Based Global Emissions Offset Trailing (N-GEO-TR) futures), building upon the success of existing contracts. Trading in carbon offset products surpassed 200,000 contracts traded (equivalent to 200 million metric tons of CO2 traded).
Social Achievements
- Partnered with Lyra Health to offer mental health benefits, including 12 free therapy or coaching sessions per year for employees and their dependents.
- Continued to increase spending with diverse suppliers, exceeding $18.5 million (2% of total supplier spend).
- Employee well-being week with sessions on mindfulness, emotional resilience, financial well-being, relationships, and nutrition.
- Launched a new ERG, Differently Abled Workforce Network (DAWN).
Governance Achievements
- Multi-year project to assess the Board’s competencies to ensure effective oversight.
- Two new directors joined the Board in 2023, increasing gender and racial diversity.
- Continued to oversee the company's risk and compliance functions, including its Global Information Security Program.
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
- Supplier diversity program; partnerships with diversity associations.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: SASB
Certifications: ISO 27001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- E-mini S&P 500 ESG futures; voluntary carbon futures; bioenergy futures; battery metals suite; CBL Core Global Emissions Offset (C-GEO) futures; CBL N-GEO Trailing and CBL C-GEO Trailing futures contracts
Awards & Recognition
- Brand Finance’s World’s Most Valuable Exchange Brand (9th consecutive year)
- Computerworld’s 100 Best Places to Work in IT (5th consecutive year)
- Forbes Best Global Crypto Exchanges
- Forbes Blockchain 50 (2nd consecutive year)
- FOW Clearing House of the Year
- FOW Exchange of the Year for Americas and Canada
- Global Capital's Americas Derivatives Exchange of the Year (2nd consecutive year)
- Human Rights Campaign's Best Places to Work for LGBTQ+ Equality (5th consecutive year)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:91,479 tCO2e/year (market-based)
Scope 1 Emissions:309 tCO2e/year
Scope 2 Emissions:10,417 tCO2e/year
Scope 3 Emissions:80,753 tCO2e/year
Total Energy Consumption:26,120 MWh/year
Waste Generated:487 tons/year
ESG Focus Areas
- Workforce Empowerment
- Sustainable Solutions
- Community Commitment
- Corporate Stewardship
Environmental Achievements
- 79% of occupied office space in buildings with LEED, BREEAM or other similar green credentials
- 190% growth in battery metals trading volumes from 2022
- Expanded battery metals and niche metals products
Social Achievements
- Launched an interactive Employee Orientation Program
- Announced a new, market-leading and inclusive family building benefit
- Continued to invest in cloud technology training and certification programs for employees ($1M spent)
- 87% of employees feel they have access to the resources needed to do their jobs effectively
- 5.6% voluntary turnover (down nearly 50% from 2022)
- 38% of employees belong to an Employee Resource Group (ERG)
- $16.2M CME Group diverse supplier spend
- 64 number of CME Group diverse suppliers
- Hosted a panel discussion on young girls’ mental health challenges
Governance Achievements
- 100% of board members have experience in ethics and integrity
- 87% of board members are independent
- 67 employees recognized as Compliance Champions
- Surveyed employees to better understand their view of the Compliance and Ethics Program
Climate Goals & Targets
Environmental Challenges
- Climate events impacting markets or the company
- Data limitations or exclusions in emissions reporting
Mitigation Strategies
- Analyzing climate risk exposure and assessing business resilience
- Implementing a software tool to more efficiently track emissions data
- Updating emissions methodology for 2023 to reflect changes in premises and landlord reporting
Supply Chain Management
Responsible Procurement
- Supplier Diversity Program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Market shifts towards new technologies and alternative energy sources
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: SASB
Certifications: ISO 27001
Sustainable Products & Innovation
- Weather futures and options
- Battery and recycled metals contracts
- ESG indices
- Voluntary carbon and emissions contracts
Awards & Recognition
- Computerworld’s Best Places to Work in IT
- Human Rights Campaign Foundation Corporate Equality Index (CEI) Equality 100 winner
- American Heart Association’s Workforce Well-Being Platinum Recognition
- Great Place to Work CertifiedTM (India office)