In 2025, 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) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 14a | 79a | 75.1a | |
Total Scope 2 | ||||
Market-Based | 271a | 229a | 962a | |
Location-Based | 19,339a | 19,240a | 19,676a | |
Total Scope 3 | 71,903a | 86,780b | 106,807b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0017a | 0.0107a | 0.0124a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2025, the total operational greenhouse gas (GHG) emissions of Nasdaq amounted to 19,353 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 2024, the total operational greenhouse gas (GHG) emissions of Nasdaq increased by 0.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2025, the total Scope 1 emissions of Nasdaq were 14 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2024), Nasdaq's Scope 1 emissions decreased by 82.28%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Nasdaq reported Scope 2 greenhouse gas (GHG) emissions of 271 tCO₂e using the market-based method and 19,339 tCO₂e using the location-based method.a
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.ac
Compared to the previous year (2024), 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
In 2025, Nasdaq reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Nasdaq reported 71,903 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 2025 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 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Nasdaq reported total Scope 3 emissions of 71,903 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 92.91% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.09% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Nasdaq's Scope 3 emissions have increased by 152.51%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Nasdaq's Scope 3 emissions decreased by 17.14%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2025, 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.
In 2025, the largest contributors to Nasdaq's Scope 3 emissions were:a
In 2025, Nasdaq reported Scope 1 greenhouse gas (GHG) emissions of 14 tCO₂e and total revenues of USD 8,235 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2025, Nasdaq reported a Scope 1 emissions intensity of 0 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
In 2025, 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
In 2025, Nasdaq reported a total carbon footprint of 91,256 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.99% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Nasdaq's total carbon footprint was Scope 3 emissions, accounting for 78.79% of the company's total carbon footprint, followed by Scope 2 emissions at 21.19%.a