Renewable-Energy Certificates and Carbon Offsets Combine with Efficiency and Conservation Efforts to Balance Company’s Environmental Impact
NEW YORK, PARIS, Aug. 3, 2011 – NYSE Euronext (NYX) announced today that it is making the entire company carbon neutral. Building on its existing energy efficiency and conservation efforts, the company announced today that it has purchased renewable-energy certificates and carbon offsets that together neutralize the remaining environmental impact of the company’s global operations, making it the only global exchange operator and technology provider to achieve such a status.
“Balancing out our environmental impact is now a core component of our commitment to being a responsible corporate citizen of our global community,” said Chief Executive Officer Duncan L. Niederauer. “By matching our energy use with these certificates and offsets, we are both mitigating our carbon footprint and helping to accelerate the low-carbon, renewable-energy economy. We are proud to be taking this leadership position among global exchange groups and we will continue to seek out responsible and effective ways to contribute to a sustainable environment.”
Revenue from the sale of renewable-energy certificates (RECs) and carbon offsets (COs) provides important economic support to projects involving renewable energy and greenhouse-gas-emission reduction projects. By financially rewarding these projects for their environmental benefits, RECs and COs help encourage the development of similar projects.
This year’s purchase makes NYSE Euronext carbon-neutral for 2010. The RECs and COs, which are Green-e certified, are purchased retroactively; so that the company can measure how much energy was used and purchase the appropriate amount of certificates and offsets to match it.
The RECs, purchased from 3Degrees, a recognized leader in the field, match the company’s electricity usage. Each REC represents the generation of one megawatt-hour of electricity from renewable resources such as wind, solar, geothermal, low-impact hydroelectric, or biomass. The carbon offsets, also purchased from 3Degrees, represent one metric ton of carbon dioxide-equivalent greenhouse gas emissions reduced or avoided. All aspects of carbon emission at NYSE Euronext were taken into account, ranging from electricity usage and onsite generators, to vehicles and employee travel. The project involved months of planning, assessment, measurement and verification.
NYSE Euronext’s green power and carbon balancing commitment will help avoid an estimated 91,508 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 consuming or burning 212,809 barrels of oil, or the emissions from the use of electricity at 11,105 average homes, or the carbon sequestered annually by 19,511 acres of pine or fir forests.
This initiative complements other energy efficiency and conservation efforts at NYSE Euronext. For example, earlier this year the company completed the installation of an array of solar electricity panels at its Basildon, England data center, which is the largest installation of its kind in the United Kingdom. It is capable of meeting up to 20 percent of the data center’s current power requirements. NYSE Euronext is actively considering similar initiatives for its U.S. locations. The company also was named last year to the Dow Jones Sustainability Index and the Carbon Disclosure Project’s S&P 500 Leadership Index.
About NYSE Euronext
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2010 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 19, 2011 under No. D.11-0333), 2010 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.