Tradeweb Markets Inc., headquartered in the United States, is a leading global operator of electronic marketplaces for fixed income, derivatives, and ETFs. Founded in 1996, Tradeweb has established itself as a pioneer in the financial technology sector, facilitating efficient trading solutions for institutional investors, dealers, and retail clients across major operational regions, including North America, Europe, and Asia. The company offers a diverse range of core products and services, including its innovative trading platforms that enhance liquidity and transparency in the markets. Tradeweb's unique approach to electronic trading has positioned it as a key player in the industry, with notable achievements such as its successful IPO in 2019. With a commitment to advancing market structure and technology, Tradeweb continues to redefine the trading landscape, making it a trusted partner for market participants worldwide.
How does Tradeweb Markets's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Tradeweb Markets's score of 54 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Tradeweb Markets reported total carbon emissions of approximately 18,300,000 kg CO2e, all of which fall under Scope 3 emissions. This includes significant contributions from business travel (about 2,802,000 kg CO2e) and employee commuting (approximately 567,000 kg CO2e). Notably, there were no reported emissions under Scope 1 or Scope 2 for this year. In 2022, the company disclosed Scope 2 emissions of about 2,341,000 kg CO2e in the US, while globally, it reported a total of approximately 19,734,000 kg CO2e across all scopes, including 23,000 kg CO2e for Scope 1 and 2,971,000 kg CO2e for Scope 2. Despite the detailed emissions reporting, Tradeweb Markets has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further action in aligning with industry standards for climate accountability.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 19,000 | 00,000 | - |
Scope 2 | 2,417,000 | 0,000,000 | - |
Scope 3 | 840,000 | 00,000,000 | 00,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tradeweb Markets is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.