Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We contribute to discussions on policy issues that impact our businesses, clients, employees and the communities in which we operate. We share our knowledge and expertise with legislators, regulators, industry organizations, the media and others to contribute to the development of well-informed policy initiatives.
ICE is supportive of sustainable and impact investing and regulatory initiatives designed to improve transparency and comparability. We believe that our five decades of experience providing evaluated pricing and related reference data and metrics covering millions of fixed income securities, can provide useful insights into sustainable finance. Additionally, ICE was an early investor in supporting government run cap-and-trade markets designed to reduce emissions, including through the acquisition of the Climate Exchange in 2010.
Policy engagement activities are led and managed by our legislative and regulatory affairs team which is overseen by our Chief Regulatory Officer, who also serves as President, Sustainable Finance.
We prohibit the use of corporate funds to make contributions to any candidates, political committees or other entities organized primarily for political activities under section 527 of the Internal Revenue Code or under 501(c)(4) of the Internal Revenue Code, or to any political party that would use the money to support any candidates. Our policies also prohibit direct independent expenditures as defined by the Federal Election Commission.
Our Board of Directors has oversight of the company's policies related to political and campaign contributions and other political expenditures with explicit authority in the Nominating and Corporate Governance Committee charter.