ICE is uniquely positioned to be a leader in the transition to a reimagined energy economy. We do that by responding to changing consumer and institutional preferences around energy consumption and associated trends in the market, and by offering risk management and hedging tools. With respect to our own footprint, we disclose our full greenhouse gas emissions and are working toward emissions reductions.
Our calculations are performed using the GHG Protocol and with assistance from a third-party firm with expertise in this area. Our calculations are a mix of activity-based and, in the case of several Scope 3 categories, spend-based and hybrid supplier-specific / spend-based methodologies.
Additional details on our footprint are provided in our Task Force on Climate-related Financial Disclosures report, located in the annual sustainability report.
While we work toward emission reductions, we are taking steps available to us today to mitigate our current footprint, including the purchase of renewable energy certificates and carbon credits.
Additional detail on our efforts to reduce emissions can be found in our annual sustainability report.
Governance of our carbon reduction targets is similar to that of our broader approach to sustainability:
Climate-related risks that are most pertinent to ICE fall broadly into two categories:
Our enterprise risk management team, overseen by the Board Risk Committee and led by our Corporate Risk Officer, has developed an approach based on the Task Force on Climate-Related Financial Disclosures framework to assess the range of impacts from climate-related risks to our businesses. The team implements that framework in collaboration with leadership across our organization to identify, assess, and manage climate risks and opportunities.
An assessment of those risks and opportunities, including consideration of climate-related scenario analysis, in the TCFD section of our annual sustainability report.
ICE’s sustainable finance products and services offer customers data, tools and markets that provide transparency into risks and opportunities to enable sustainable decision-making and include:
A comprehensive list of these products and services is available in the TCFD section of our annual sustainability report.