Corporate sustainability is a business approach that creates long-term stakeholder value by taking into account the externalities that affect the business environment. At ICE, sustainability means being an advocate for sustainability best practices and being a leader in developing the world’s carbon markets.
We strive to create long-term value for our shareholders and maintain high ethical and business standards. We are active in the communities where we operate and support charitable organizations through a combination of financial resources and through employee participation.
In addition, in 2010, we acquired the Climate Exchange PLC for approximately $600 million and are today the leading operator of global carbon emissions markets. We have listed new environmental products on our exchanges, including renewable energy certificate contracts, California carbon allowance contracts and biofuel products related to renewable identification numbers. We have invested significantly in the operation of North American and European carbon markets.
ICE is a member of the World Federation of Exchanges Sustainability Working Group and the United Nations Sustainable Stock Exchange Initiative. Member exchanges collaborated to establish sustainability guidance, which was the culmination of a project by the Sustainability Working Group, known as WFE ESG Recommendation Guidance and Metrics.