MarketAxess Holdings, a software and IT services company, has disclosed its greenhouse gas (GHG) emissions for Scope 1, Scope 2, and some categories of Scope 3 emissions. MarketAxess Holdings' latest filings mentioned the keywords 'Emissions' and 'Renewable' most number of times in relation to 'Climate Change'.

The company has identified Energy Management, GHG Emissions, Waste Reduction, and Water Usage as Tier 3 topics in its materiality assessment. MarketAxess has already taken steps to improve energy efficiency and limit emissions in its workplaces, including utilizing sound environmental practices. The company has also invested in next-generation data centers that leverage the latest environmentally friendly technologies and renewable energy sources.

MarketAxess has begun measuring its carbon footprint and reporting against the framework developed by the United Nations Task Force on Climate-related Financial Disclosures (TCFD Framework). The company's cloud provider has committed to powering its operations with 100% renewable energy by 2025. In addition, numerous features of MarketAxess' office are designed to reduce tenants' carbon footprint, including water-efficient design, automatic lighting sensor controls, and renewable energy use.

The company's GHG emissions for 2022 are as follows: Scope 1 emissions were 172.3 MT CO2E, Scope 2 (market-based) emissions were 526.1 MT CO2E, and Scope 2 (location-based) emissions were 531.9 MT CO2E. The company's Scope 3 emissions for Category 1 (Purchased Goods and Services), Category 6 (Business Travel), and Category 7 (Employee Commuting) were 132.9 MT CO2E, 220.1 MT CO2E, and 1,433.9 MT CO2E, respectively.

In conclusion, MarketAxess has taken steps to reduce emissions and is investing in next-generation data centers and procuring renewable energy sources. The company's Governance Committee monitors progress towards managing its carbon footprint. In addition, MarketAxess has included reporting against the TCFD framework in its 2022 ESG Report to provide stakeholders with more information on its climate change practices and policies.

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