1 7 | T M X G R O U P S U S TA I N A B I L I T Y R E P O R T 2 0 2 4 REPORT CONTENTS ABOUT THIS REPORT SUSTAINABILITY STRATEGY SUSTAINABILITY GOVERNANCE PROSPERITY PLANET PEOPLE APPENDICES As we work toward setting science-based emissions reduction targets, we have begun work to align with the Science Based Targets initiative (SBTi) requirements. For this exercise, we integrated new categories of Scope 3 emissions such as upstream Fuel and Energy-Related Activities (not included in Scope 1 or 2)10. Following the completion of acquisitions, including TMX VettaFi in January 202411, the emissions associated with new entities and previously reported under the Investment category were reclassified to reflect these updates to our organizational boundary and their new status as wholly-owned and operationally controlled subsidiaries. To gain a more complete understanding of our value chain impact, we’ve also broadened our emissions inventory and recategorized common area emissions from our office buildings, as well as new emissions from coworking and shared subleased real estate to Scope 3, now encompassing Upstream and Downstream Leased Assets. In the Fall of 2024, we conducted our first voluntary Employee Commuting Survey, engaging staff from all of our office locations globally to share information on their commuting and work-from-home habits. We have integrated this data into our accounting practices and recalculated our 2023 emissions to reflect this methodology change. The 2024 increase in emissions can be attributed to a FTE count increase combined with the inclusion of employee commuting-related well-totank emissions. Breakdown of 2024 Scope 3 Emissions We will continue to refine our understanding of our emissions profile, especially as it relates to indirect scope 3 emissions, to progressively align with the more comprehensive GHG Protocol Corporate Value Chain Scope 3 Standard. Improving our data collection practices and working more closely with a growing number of internal and external stakeholders has already enabled us to access more granular and expanded datasets. These process improvements are at the root of the growth of reported emissions, particularly as it relates to Purchased Goods and Services. This enhanced data quality and scope are key drivers behind the anticipated recalculation of our emissions as we continuously align with the latest industry best practices. We expect to be in a position to report to this level in our next report, with likely impacts to our overall footprint. 0.3% Upstream Leased Assets 57.6% Purchased Goods & Services 10% Capital Goods 4.0% Fuel and Energy Related Activities 2.2% Waste Generated in Operations 11.7% Business Travel 13.8% Employee Commuting 0.0% Downstream Transportation & Distribution 0.2% Downstream Leased Assets 0.2% Investments 10 This includes three primary emission sources: upstream emissions from purchased electricity; transmission and distribution (T&D) losses; and well-to-tank (WTT) emissions associated with both upstream and downstream transportation in our value chain. 11 TMX Group, TMX Group Completes Acquisition of Vettafi [Press Release], 2024-01-02.
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