In November 2022, Deutsche Börse AG joined the Net Zero Financial Service Providers Alliance (NZFSPA),  committing to support the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with a maximum global temperature rise of 1.5°C above pre-industrial levels. As one of the eight sector-specific initiatives of the Glasgow Financial Alliance for Net Zero (GFANZ), launched in April 2021, the NZFSPA includes service providers like investment advisors, rating agencies, auditors, and exchanges. Members have pledged to set targets for transforming services and products to support the goal of a net-zero global economy. 

To fulfil these commitments, NZFSPA subgroups have developed industry-specific targets. The exchange subgroup has provided guidance that has special reference to the context of the exchange industry as a whole as well as the varied circumstances of individual exchanges.

This is Deutsche Börse AG’s first report for the NZFSPA following such guidance. The objective of this report is to outline to what extent Deutsche Börse AG is currently meeting or working towards meeting the exchange-focused and market-focused targets set by the NZFSPA exchange sub-group. The disclosures within this report align with the information, timelines, and NZFSPA target setting guidance for exchanges.