Nasdaq unveils 2020 corporate sustainability report
NOTAsdaq unveiled its 2020 Corporate Sustainability Report, highlighting how the business weathered the uncertainties caused by the global pandemic while focusing on its sustainability strategy and improving its environmental, social and environmental performance. governance (ESG). Nasdaq also released its first report from the Climate-Related Financial Disclosures (TCFD) Task Force, addressing the risks and opportunities associated with climate change.
“The Nasdaq quickly mobilized its resources to respond and support its employees. We have continued to proactively monitor the progress of COVID-19 around the world, ”the report said. “As the Covid-19 pandemic continues around the world this year, we remain committed to our efforts to ensure the safety and well-being of our employees, customers and other stakeholders. “
For the 2020 report, the Nasdaq conducted an updated sustainability materiality analysis to keep pace with changing macroeconomic trends and ensure its sustainability priorities are up to date and reflect stakeholder expectations. . Updates include additional desk research, analysis of peer and competitor approaches to materiality, guidance from leading sustainability frameworks, such as the Global Reporting Initiative, Sustainability Accounting Standards Board, and Task Force on Climate-related Financial Disclosure, as well as information from influential ESG ratings including MSCI, Sustainalytics and S&P. The results reflect four distinct differences from the 2018 materiality assessment:
- Human-centered – Increased priority of internal and external stakeholders on employee-related topics such as diversity, inclusion and belonging; employee engagement and satisfaction, as well as human capital management
- Justice and Protection – Continued recognition by internal and external stakeholders of the importance of data privacy and cybersecurity, business ethics and risk management
- Transformative Business Models – An emerging perception of the growing opportunity and importance of ESG products and services, anti-financial crime and anti-money laundering technology, as well as the creation of new markets that open up economic opportunities
- Redefinition of environmental reporting priorities – Consolidation of costs and operational aspects of environmental reporting to better address key issues (i.e. waste reduction, water and energy consumption, among others), and expansion of strategic aspects and changes linked to climate change, by adding climate change Strategy and greenhouse gas emissions
The Nasdaq is carbon neutral for the third year in a row. For 2021, the Nasdaq aims to refine our carbon neutral status through the purchase of renewable energy certificates that support the specific addition of new renewable energies to the energy distribution network and carbon offsets from projects focused on the carbon removal. To this end, the Nasdaq recently announced its acquisition of a controlling stake in Puro.terre, while the company is expanding its ESG solutions to support its corporate clients.
Diversity also remains a top priority for 2021, as the Nasdaq strives to achieve a better balance between gender, race and other under-represented groups in the makeup of its workforce at all levels. . Beyond its own workforce, the Nasdaq aims to advance board diversity through a proposal submitted to the U.S. Securities and Exchange Commission that aims to standardize diversity statistics across the board. boards of directors through a consistent disclosure framework. The proposal includes a recommended diversity goal from two different directors through a “Comply or Explain” framework and is subject to SEC approval.
“At Nasdaq, we are committed to advancing ESG initiatives. In addition to providing frequent and robust reports on our environmental, social and governance efforts and continuously working to identify emerging ESG trends, we encourage our employees to participate in our ESG initiatives and engage with our customers and stakeholders. to seek ESG-related opportunities and accelerate the ESG progress of private issuers, ”the report says.
Read the Nasdaq 2020 Sustainability Report.
Read the TCFD report.