According to ESG Today, Nasdaq officials said that the plan is to reduce Scope 1 and 2 emissions to zero by 2030, while Scope 3 GHG emissions are to be cut in half by then.

Those are also said to go down by 95% before 2050 and according to Nasdaq's 2021 Sustainability Report, Scope 3 related emissions accounted for over three-quarters of the company's footprint.

The American stock market's climate commitments have been approved by the Science Based Targets initiative, an organization that aims to help companies set realistic goals regarding their planet-oriented actions.

Besides reducing its carbon footprint, the company also aims to source 100% renewable energy per year through the next decade, while ensuring that 70% of its suppliers will also get science-based climate objectives set by 2027.

Ann Dennison, Executive Vice President and Chief Financial Officer at Nasdaq, said that "Nasdaq’s climate strategy seeks to reduce our carbon footprint and corresponding emissions and diversify our energy mix with a focus on prioritizing renewable energy sources."

"We are encouraged by the early progress we have made toward our corporate sustainability goals and remain committed to increasing transparency with all our stakeholders through our robust ESG reporting as we continue on our journey to reach our 2030 and 2050 net-zero targets.", she added.