Approach

Our approach to managing both the risks and opportunities associated with environmental, social and governance factors includes strong oversight and cross-company collaboration.

Board of Directors

At the Board level, our directors are focused on ESG risks and opportunities at both the full board and on multiple committees.

At the committee level, ESG falls under the mandate of the Nominating and Corporate Governance Committee, which is charged with reviewing and assessing the Company’s environmental, social and governance initiatives and making recommendations to the Company to further its ESG goals (NCGC Charter). The Nominating and Corporate Governance Committee reviews ESG matters at two or more meetings each year.

In addition to the mandate of the Nominating and Corporate Governance Committee, certain ESG items are a focus for other committees including climate change at the Risk Committee and human capital management issues, including diversity and pay parity, at the Compensation Committee.

Management

Our strategy is guided by an ESG Governance Committee made up of senior officials from across the company including the President, Chief Financial Officer, Corporate Risk Officer, Human Resources Officer, Chief Regulatory Officer, General Counsel and Presidents of the NYSE, Fixed Income & Data Services, ICE Futures Europe, ICE Futures US and ICE Mortgage Technology. This committee meets quarterly and communicates frequently between meetings to assess our risks and opportunities across the company.

Our ESG efforts are coordinated by our Vice President of Sustainability.

In addition to these formal structures, several departments play a critical role in our approach to sustainability including the human resources, facilities, risk management and business continuity preparedness teams.

Reporting

We began publishing annual sustainability reports in 2016 and we continue to evolve and refine our reporting each year. Past years are archived on our website. Our website also includes additional details that are updated throughout the year to provide a more real-time view of what we are doing. Additionally, we use reporting standards to enhance our disclosures, including:

  • Sustainable Accounting Standards Board (SASB) metrics for the exchange sector
  • Taskforce for Climate-related Financial Disclosures (TCFD) aligned reporting
  • UN Sustainable Development Goals
  • Supply chain management

Supply chain management

In addition to steps we are taking within our own business, we are also looking into the impact we can have through our supply chain, including:

  • Vendor Onboarding - Through our vendor onboarding and annual assessment processes we are collecting certain ESG data points to inform our decision making.
  • Code of Conduct - Our business partners and third parties are an extension of our organization. We expect that our suppliers, agents and business partners will follow ethical standards similar to our own when working with us or on our behalf. This means that we will consider terminating contracts with vendors or partners that do not meet our high standards or contractual obligations.
  • Human Rights - Our Modern Slavery Act Policy reflects our commitment to acting ethically and with integrity in all ICE business relationships, and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.