Hong Kong Exchanges (HKEX) has initiated a comprehensive analysis with the aim of achieving full decarbonization of its operations ahead of its stated goal of becoming net zero by 2050. HKEX's latest filings mentioned the keywords 'Carbon' and 'Emissions' most number of times in relation to 'Net Zero'.

The company has set specific targets for scope 1, scope 2, and scope 3 emissions, which will be verified by the Hong Kong Quality Assurance Agency. HKEX's 2022 Corporate Social Responsibility Report shows that the company's total GHG emissions (scope 1 and 2) were 14,446 tonnes, while its total Scope 3 emissions were 831 tonnes.

HKEX has taken steps to reduce its emissions, including reducing paper consumption by 60%, launching new digital tools to reduce its carbon footprint, and introducing a new Group Code of Conduct. The company has also launched Core Climate, a new carbon marketplace that facilitates transparent and standardized trading of carbon credits and instruments to support the global transition to net-zero.

Its subsidiary, the London Metal Exchange (LME) has made a pledge to achieve net-zero emissions by 2040. Currently, the LME is in the process of creating a comprehensive target and roadmap for emissions reduction. The plan will undergo official validation by the Science Based Targets initiative (SBTi) by October 2024.

In Conclusion, HKEX's commitment to achieving net-zero emissions and its efforts to reduce its carbon footprint align with global efforts to combat climate change. The company's investments in digital tools and sustainable initiatives demonstrate its commitment to responsible environmental stewardship.

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