TMX Group Ltd
TMX Group's GHG Emissions Data Preview
In 2024, TMX Group 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).
TMX Group has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
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aVerified Sources Behind TMX Group’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. Explore TMX Group’s data sources below and access millions more through our Disclosure Search.
Insights into TMX Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of TMX Group amounted to 1,754 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 TMX Group decreased by 6.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
TMX Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are TMX Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of TMX Group were 50 metric tons of CO₂ equivalent (tCO₂e).a
Has TMX Group reduced its Scope 1 emissions over time?
Since 2019, TMX Group's Scope 1 emissions have decreased by 92.57%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), TMX Group's Scope 1 emissions decreased by 9.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are TMX Group's Scope 2 emissions?
In 2024, TMX Group reported Scope 2 greenhouse gas (GHG) emissions of 1,689 tCO₂e using the market-based method and 1,704 tCO₂e using the location-based method.a
Has TMX Group reduced its Scope 2 emissions over time?
Since 2019, TMX Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 105.55%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), TMX Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that TMX Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does TMX Group use for Scope 2 reporting?
In 2024, TMX Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
TMX Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into TMX Group's Value Chain Emissions
In 2024, TMX Group reported 6,520 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 TMX Group includes a breakdown across 10 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
TMX Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are TMX Group's Scope 3 emissions?
In 2024, TMX Group reported total Scope 3 emissions of 6,520 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.59% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.41% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has TMX Group reduced its Scope 3 emissions over time?
Since 2019, TMX Group's Scope 3 emissions have increased by 990.3%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), TMX Group's Scope 3 emissions increased by 50.96%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does TMX Group disclose?
In 2024, TMX Group reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of TMX Group's Scope 3 emissions?
In 2024, the largest contributors to TMX Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 3,754 tCO₂e (57.58%)
- Employee Commuting (Cat. 7): 901 tCO₂e (13.82%)
- Business Travel (Cat. 6): 764 tCO₂e (11.72%)
TMX Group's Scope 3 Emissions by Categories
Insights into TMX Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, TMX Group reported Scope 1 greenhouse gas (GHG) emissions of 50 tCO₂e and total revenues of USD 1,014 millions. This translates into an emissions intensity of 0.05 tCO₂e per millions USD.a
TMX Group's Scope 1 Emissions Intensity Compared to Peers
How does TMX Group's GHG emissions intensity compare to its peers?
In 2024, TMX Group reported a Scope 1 emissions intensity of 0.05 tCO₂e per millions USD. Compared to the peer group median of 0.16, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does TMX Group rank on GHG emissions intensity within its industry?
In 2024, TMX Group ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
TMX Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into TMX Group's Total Carbon Footprint
In 2024, TMX Group reported a total carbon footprint of 8,274 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 33.41% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to TMX Group's total carbon footprint was Scope 3 emissions, accounting for 78.8% of the company's total carbon footprint, followed by Scope 2 emissions at 20.59%.a