Liquidnet Joins Sustainable Trading Network, Revealing TP ICAP's ESG Effort

​Fazzaco learned that Liquidnet, a technology-driven agency execution specialist, announced on Tuesday that it has become a member of Sustainable Trading, a non-profit membership organization with the goal of transforming environmental, social and governance (ESG) practices in the trading sector of the financial markets.

This membership reinforces the TP ICAP Group's great ambition to be the broker for the energy transition. In April this year, the group set new ESG goals in which it has made a commitment to achieve net zero emissions by 2026 across Scope 1 (direct emissions from its own operations) and Scope 2 (indirect emissions including purchased/acquired electricity).

Sustainable Trading is a network that brings firms together to focus on devising practical and sustainable solutions to industry-specific ESG issues as well as providing a mechanism for self-assessment and benchmarking.

Brian Walsh, TP ICAP's Group Head of Sustainability, said: "Increasingly, a broad set of stakeholders, from employees, clients, suppliers, regulators and business partners to a growing number of investors, have enhanced expectations of companies. Liquidnet joining Sustainable Trading marks a step towards meeting these expectations. We believe it's possible to drive positive social and environmental impact alongside financial value.”

"We are enthused to be joining the Sustainable Trading Network. If we have learned anything from the past couple of years it is that global issues require global collaboration. There is clear shift within the corporate world and financial services as a whole to create shared value within society, addressing societal needs and challenges through business models," said Rob Cranston, Global Head of Equities Product at Liquidnet. "We are hopeful the group can be a strong part of the solution to these challenges. We look forward to exploring how Liquidnet can play a role and collaborate with peers in building a more equitable and sustainable future.”

"We are delighted to welcome Liquidnet to Sustainable Trading, and look forward to benefiting from their experience and expertise. Liquidnet joins a fast-growing network of financial firms committed to driving positive ESG change in the financial markets trading industry," Duncan Higgins, Founder and CEO of Sustainable Trading, added.“We look forward to their valuable contributions to the member-led workstreams that are considering ESG challenges and defining industry best practices, on wide-ranging topics from environmental impacts of global trading infrastructures to workplace diversity, equity and inclusion.”

​TP ICAP has joined many industry companies that made effective efforts in ESG. Most recently, SGX group has tied with MAS to launch digital disclosure portal ESGenome​ for companies to report Environmental, Social and Governance (ESG) data in a structured and efficient manner. Last month, JPXI unveiled one-stop platform (Beta Version) for listed company ESG disclosure. Earlier in June, IG group partnered with Glac-Up as Its ESG efforts.