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Tradeweb Markets Inc

Common Name
Tradeweb Markets
Country
United States
Sector
Financial Services
Industry
Capital Markets
Employees
1,412
Ticker
TW
Exchange
NASDAQ/NGS
Description
Tradeweb Markets Inc. is a global operator of electronic marketplaces specializing in rates, credit, equities, and money markets. The company connects broker/dealers, institutional clients, and retail...

Tradeweb Markets's GHG Emissions Data Preview

In 2024, Tradeweb Markets 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).

Tradeweb Markets 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 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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Verified Sources Behind Tradeweb Markets’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 Tradeweb Markets’s data sources below and access millions more through our Disclosure Search.

a. Tradeweb Markets's Sustainability Report 2024
a. Tradeweb Markets's Sustainability Report 2024
b. Tradeweb Markets's Sustainability Report 2020
b. Tradeweb Markets's Sustainability Report 2020

Insights into Tradeweb Markets's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofTradeweb Markets amounted to4,519metric 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 Tradeweb Marketsdecreased by 2.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Tradeweb Markets's Scope 1 Emissions Over Time

2021202220232024010203040tCO2e+12%-19%
  • Total Scope 1
  • Year-over-Year Change

What are Tradeweb Markets's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Tradeweb Markets were 30 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Compared to the previous year(2023), Tradeweb Markets's Scope 1 emissions decreased by 18.92%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Tradeweb Markets's Scope 2 emissions?

In 2024, Tradeweb Markets reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 4,489 tCOâ‚‚e using the location-based method.a

Has Tradeweb Markets reduced its Scope 2 emissions over time?

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

What methodology does Tradeweb Markets use for Scope 2 reporting?

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

Tradeweb Markets's Scope 2 Emissions Over Time

20192020202120222023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Tradeweb Markets's Value Chain Emissions

In 2024, Tradeweb Markets reported 21,746 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Tradeweb Markets includes a breakdown across 9of 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

Tradeweb Markets's Scope 3 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e-87%+733%+2199%+6%+7%
  • Total Scope 3
  • Year-over-Year Change

What are Tradeweb Markets's Scope 3 emissions?

In 2024, Tradeweb Markets reported total Scope 3 emissions of 21,746 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 99.73%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.27%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Tradeweb Markets reduced its Scope 3 emissions over time?

Since 2019, Tradeweb Markets's Scope 3 emissionshave increased by 2,675.91%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Tradeweb Markets's Scope 3 emissions remained relatively stable, indicating that Tradeweb Markets's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Tradeweb Markets disclose?

In 2024, Tradeweb Markets 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 Tradeweb Markets's Scope 3 emissions?

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

  • Purchased Goods and Services (Cat. 1): 14,008 tCOâ‚‚e(64.41%)
  • Business Travel (Cat. 6): 3,717 tCOâ‚‚e(17.09%)
  • Capital Goods (Cat. 2): 2,456 tCOâ‚‚e(11.29%)

Tradeweb Markets's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(11.3%)Business Travel(Cat. 6)(17.1%)Purchased Goods andServices (Cat. 1)(64.4%)

Insights into Tradeweb Markets’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Tradeweb Markets reported Scope 1 greenhouse gas (GHG) emissions of 30 tCOâ‚‚e and total revenues of USD 1,724 millions. This translates into an emissions intensity of 0.02 tCOâ‚‚e per millions USD.a

Tradeweb Markets's Scope 1 Emissions Intensity Compared to Peers

201001,0005,00050,000Scope 1 Emissions (tCO2e)1001,0005,00020,000200,000Revenues (Millions of USD)FMorgan StanleyYear: 2024Scope 1: 19,636 tCO2eRevenue: $M 57,617Scope 1 Intensity: 0.34 tCO2e/$MColumbia Banking SystemYear: 2024Scope 1: 4,978 tCO2eRevenue: $M 1,929Scope 1 Intensity: 2.58 tCO2e/$MPJT PartnersYear: 2024Scope 1: 193 tCO2eRevenue: $M 1,493Scope 1 Intensity: 0.13 tCO2e/$MMarketaxess HoldingsYear: 2024Scope 1: 177 tCO2eRevenue: $M 817Scope 1 Intensity: 0.22 tCO2e/$MCharles SchwabYear: 2022Scope 1: 8,409 tCO2eRevenue: $M 20,763Scope 1 Intensity: 0.41 tCO2e/$MInteractive Brokers GroupYear: 2024Scope 1: 122 tCO2eRevenue: $M 9,297Scope 1 Intensity: 0.01 tCO2e/$MFFFirst Financial BancorpYear: 2024Scope 1: 1,812 tCO2eRevenue: $M 836Scope 1 Intensity: 2.17 tCO2e/$MLPL Financial HoldingsYear: 2023Scope 1: 893 tCO2eRevenue: $M 10,056Scope 1 Intensity: 0.09 tCO2e/$MRobinhood MarketsYear: 2024Scope 1: 232 tCO2eRevenue: $M 2,952Scope 1 Intensity: 0.08 tCO2e/$MMSCIYear: 2024Scope 1: 543 tCO2eRevenue: $M 2,856Scope 1 Intensity: 0.19 tCO2e/$MPiper Sandler CompaniesYear: 2024Scope 1: 539 tCO2eRevenue: $M 1,475Scope 1 Intensity: 0.37 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MSelective Insurance GroupYear: 2023Scope 1: 2,632 tCO2eRevenue: $M 4,232Scope 1 Intensity: 0.62 tCO2e/$MStoneX GroupYear: 2023Scope 1: 773 tCO2eRevenue: $M 60,875Scope 1 Intensity: 0.01 tCO2e/$MZions BancorporationYear: 2024Scope 1: 2,845 tCO2eRevenue: $M 3,130Scope 1 Intensity: 0.91 tCO2e/$MCboe Global MarketsYear: 2024Scope 1: 81 tCO2eRevenue: $M 4,091Scope 1 Intensity: 0.02 tCO2e/$MMorningstarYear: 2024Scope 1: 239 tCO2eRevenue: $M 2,274Scope 1 Intensity: 0.11 tCO2e/$MBROOKFIELD ASSET MANAGEMENTYear: 2024Scope 1: 322 tCO2eRevenue: $M 482Scope 1 Intensity: 0.67 tCO2e/$MJefferies Financial GroupYear: 2024Scope 1: 4,026 tCO2eRevenue: $M 10,514Scope 1 Intensity: 0.38 tCO2e/$MTransUnionYear: 2024Scope 1: 286 tCO2eRevenue: $M 4,181Scope 1 Intensity: 0.07 tCO2e/$MGoldman Sachs GroupYear: 2024Scope 1: 14,447 tCO2eRevenue: $M 53,507Scope 1 Intensity: 0.27 tCO2e/$MTradeweb MarketsYear: 2024Scope 1: 30 tCO2eRevenue: $M 1,724Scope 1 Intensity: 0.02 tCO2e/$M

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

In 2024, Tradeweb Markets reported a Scope 1 emissions intensity of 0.02 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Tradeweb Markets rank on GHG emissions intensity within its industry?

In 2024, Tradeweb Markets ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

Insights into Tradeweb Markets's Total Carbon Footprint

In 2024, Tradeweb Markets reported a total carbon footprint of 26,265 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.93% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Tradeweb Markets's total carbon footprint was Scope 3 emissions, accounting for 82.79% of the company's total carbon footprint, followed by Scope 2 emissions at 17.09%.a

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