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Nasdaq Inc

Common Name
Nasdaq
Country
United States
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Employees
9,613
Ticker
NDAQ
Exchange
Nasdaq
Description
Nasdaq Inc. operates as a diversified financial technology and exchange company, best known for owning and operating the Nasdaq Stock Market, the second-largest stock exchange by market capitalization...

Nasdaq's GHG Emissions Data Preview

In 2024, Nasdaq completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Nasdaq has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021-2019
Total Scope 1
79a
75.1a
16.5a
Total Scope 2
Market-Based
229a
962a
1,006a
Location-Based
19,220a
19,676a
17,951a
Total Scope 3
86,780a
106,807a
96,465a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.0107a
0.0124a
0.0027a
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Verified Sources Behind Nasdaq’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Nasdaq's Sustainability Report 2024
b. Nasdaq's Sustainability Report 2021

Insights into Nasdaq's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Nasdaq amounted to 19,299 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Nasdaq decreased by 2.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Nasdaq's Scope 1 Emissions Over Time

2021202220232024020406080tCO2e+3200%+355%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Nasdaq's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Nasdaq were 79 metric tons of CO₂ equivalent (tCO₂e).a

Compared to the previous year (2023), Nasdaq's Scope 1 emissions increased by 5.19%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Nasdaq's Scope 2 emissions?

In 2024, Nasdaq reported Scope 2 greenhouse gas (GHG) emissions of 229 tCO₂e using the market-based method and 19,220 tCO₂e using the location-based method.a

Has Nasdaq reduced its Scope 2 emissions over time?

Since 2019, Nasdaq's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Nasdaq's emissions have plateaued with no significant change in its energy consumption footprint.ab

Compared to the previous year (2023), Nasdaq's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Nasdaq's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Nasdaq use for Scope 2 reporting?

In 2024, Nasdaq reported its Scope 2 emissions using the market-based method and using the location-based method.a

Nasdaq's Scope 2 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Nasdaq's Value Chain Emissions

In 2024, Nasdaq reported 86,780 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Nasdaq includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Nasdaq's Scope 3 Emissions Over Time

201920202021202220232024030 k60 k90 k120 ktCO2e+95%+42%+22%+11%-19%
  • Total Scope 3
  • Year-over-Year Change

What are Nasdaq's Scope 3 emissions?

In 2024, Nasdaq reported total Scope 3 emissions of 86,780 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 95.95% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.05% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Nasdaq reduced its Scope 3 emissions over time?

Since 2019, Nasdaq's Scope 3 emissions have increased by 204.76%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Nasdaq's Scope 3 emissions decreased by 18.75%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Nasdaq disclose?

In 2024, Nasdaq reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Nasdaq's Scope 3 emissions?

In 2024, the largest contributors to Nasdaq's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 58,245 tCO₂e (67.12%)
  • Business Travel (Cat. 6): 12,496 tCO₂e (14.4%)
  • Capital Goods (Cat. 2): 6,846 tCO₂e (7.89%)

Nasdaq's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(7.9%)Business Travel(Cat. 6)(14.4%)Purchased Goods andServices (Cat. 1)(67.1%)

Insights into Nasdaq’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Nasdaq reported Scope 1 greenhouse gas (GHG) emissions of 79 tCO₂e and total revenues of USD 7,383 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD.a

Nasdaq's Scope 1 Emissions Intensity Compared to Peers

101005005,00020,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)Japan Exchange GroupYear: 2022Scope 1: 824 tCO2eRevenue: $M 1,112Scope 1 Intensity: 0.74 tCO2e/$MB3 SA Brasil Bolsa BalcaoYear: 2025Scope 1: 1,267 tCO2eRevenue: $M 1,832Scope 1 Intensity: 0.69 tCO2e/$MSingapore ExchangeYear: 2025Scope 1: 24 tCO2eRevenue: $M 1,076Scope 1 Intensity: 0.02 tCO2e/$MEuronextYear: 2024Scope 1: 278 tCO2eRevenue: $M 1,691Scope 1 Intensity: 0.16 tCO2e/$MBSEYear: 2025Scope 1: 77 tCO2eRevenue: $M 346Scope 1 Intensity: 0.22 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MT Rowe Price GroupYear: 2024Scope 1: 1,845 tCO2eRevenue: $M 7,093Scope 1 Intensity: 0.26 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MAres ManagementYear: 2024Scope 1: 1,166 tCO2eRevenue: $M 3,885Scope 1 Intensity: 0.30 tCO2e/$MRobinhood MarketsYear: 2024Scope 1: 232 tCO2eRevenue: $M 2,952Scope 1 Intensity: 0.08 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MDeutsche BoerseYear: 2025Scope 1: 3,097 tCO2eRevenue: $M 7,085Scope 1 Intensity: 0.44 tCO2e/$MLondon Stock Exchange GroupYear: 2024Scope 1: 1,736 tCO2eRevenue: $M 11,114Scope 1 Intensity: 0.16 tCO2e/$MHKEXYear: 2024Scope 1: 60 tCO2eRevenue: $M 2,230Scope 1 Intensity: 0.03 tCO2e/$MDun & BradstreetYear: 2024Scope 1: 634 tCO2eRevenue: $M 2,381Scope 1 Intensity: 0.27 tCO2e/$MMorningstarYear: 2024Scope 1: 239 tCO2eRevenue: $M 2,274Scope 1 Intensity: 0.11 tCO2e/$MFactset Research SystemsYear: 2024Scope 1: 2,652 tCO2eRevenue: $M 2,203Scope 1 Intensity: 1.20 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MS&P GlobalYear: 2024Scope 1: 2,268 tCO2eRevenue: $M 14,211Scope 1 Intensity: 0.16 tCO2e/$MTransUnionYear: 2024Scope 1: 286 tCO2eRevenue: $M 4,181Scope 1 Intensity: 0.07 tCO2e/$MMoody'sYear: 2024Scope 1: 641 tCO2eRevenue: $M 7,091Scope 1 Intensity: 0.09 tCO2e/$MCME GroupYear: 2024Scope 1: 240 tCO2eRevenue: $M 6,122Scope 1 Intensity: 0.04 tCO2e/$MCboe Global MarketsYear: 2024Scope 1: 81 tCO2eRevenue: $M 4,091Scope 1 Intensity: 0.02 tCO2e/$MMSCIYear: 2024Scope 1: 543 tCO2eRevenue: $M 2,856Scope 1 Intensity: 0.19 tCO2e/$MNasdaqYear: 2024Scope 1: 79 tCO2eRevenue: $M 7,383Scope 1 Intensity: 0.01 tCO2e/$M

How does Nasdaq's GHG emissions intensity compare to its peers?

In 2024, Nasdaq reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.22, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Nasdaq rank on GHG emissions intensity within its industry?

In 2024, Nasdaq ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Nasdaq among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Nasdaq's Total Carbon Footprint

In 2024, Nasdaq reported a total carbon footprint of 106,079 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.18% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Nasdaq's total carbon footprint was Scope 3 emissions, accounting for 81.81% of the company's total carbon footprint, followed by Scope 2 emissions at 18.12%.a

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