For the 2020, 2021 and 2022 metrics, see the Resource Efficiency and Environment Impact subsection of the Sustainability Data section.


Every year, an increasing number of countries and companies strive to account for and reduce greenhouse gas (GHG) emissions, and their actions are becoming more focused. The participants of the 27th UN Climate Change Conference (COP-27) reached certain agreements, including on Article 6 of the Paris Agreement, which defines how international carbon markets should operate, as well as the development on other mechanisms and financial instruments that may subsequently lead to changes in the legislation of these countries setting the direction of financial flows for financial institutions and companies in response to global climate change.

Moscow Exchange strives to mitigate climate change in three ways:
  • through compliance with best global practices in accounting for and reducing greenhouse gas emissions;
  • by developing carbon units trading;
  • by encouraging the issuers and financial market participants to invest in the implementation of climate action initiatives through responsible investing mechanisms of the Sustainability Sector.

This section describes Moscow Exchange Group’s approaches to climate risk management, as well as its activities and initiatives to reduce the greenhouse gas emissions from its operations in line with the recommendations of Task Force on Climate Related Financial Disclosures (TCFD).