NYSE Euronext has announced that it has achieved carbon-neutral status for the third year in a row, again making it the only global exchange operator to do so. This distinction was accomplished through the implementation of company-wide energy efficiency initiatives as well as the purchase of Renewable Energy Certificates (RECs) and Carbon Offsets (COs).
“As the only carbon-neutral global exchange group, we lead by example by running our business in an environmentally responsible manner,” said Duncan L. Niederauer, CEO of NYSE Euronext. “By leveraging the power of our global platform, we work to encourage collaborative responsibility among our NYSE Euronext community and beyond to highlight best practices and solutions related to sustainability.”
For 2012, NYSE Euronext completed company-wide energy efficiency initiatives including the installation of new energy efficient windows and variable frequency drives, the completion of steam reheat modifications and the consolidation of its data centers.
The company also purchased Green-e certified RECs and Climate Action Reserve (CAR) verified COs, which helped make NYSE Euronext carbon-neutral for its 2012 Scope 1, Scope 2, and Scope 3 emissions for business travel. NYSE Euronext's REC and CO were purchased from Green Mountain Energy Company, a wholly owned subsidiary of NRG Energy. These purchases are made retroactively so that NYSE Euronext can measure how much energy was used and purchase the appropriate amount of certificates and offsets to match it. Each REC represents the generation of one megawatt-hour of electricity from 100-percent U.S. wind power, while the COs represent one metric ton of carbon dioxide-equivalent greenhouse gas emissions reduced or avoided from a landfill gas recovery project in Nebraska.
NYSE Euronext's green-power and carbon-balancing commitment helped avoid an estimated 86,643 metric tons of CO2 greenhouse gas emissions. Using calculations from the U.S. Environmental Protection Agency's greenhouse gas equivalencies calculator, this amount is equivalent to the CO2 emissions generated from burning 201,495 barrels of oil, the emissions from the use of electricity at 12,971 average U.S. homes, or the annual greenhouse gas emissions of 18,051 passenger vehicles.