Pepperstone Challenges FX and CFD Brokers to Go Carbon Neutral

ASIC regulated multi asset broker Pepperstone has announced its move to carbon neutrality.

Carbon Neutral by June 2024

The firm has partnered with Australian a carbon management and sustainability consultancy firm Pangolin Associates to take action and reduce and offset the broker’s carbon emissions to a point of neutrality by the end of FY23. The fiscal year in Australia ends in June of the following year. In this case, it would be by June 2024.

Pepperstone also wants to set the challenge for all firms within the FX and CFD space to follow suit and become carbon neutral as well to address the increasingly louder voices that call for lower emissions as a way to fight global warming.

Pepperstone’s commitment extends to the voice and support of employees, the board, shareholders, and the communities that they reside and operate in.

Pepperstone will be working with Pangolin over the next six months to review the broker’s current emissions and how to reduce and offset its carbon emissions for a Platinum Sustainability Rating.

Tamas Szabo, Pepperstone’s Group Chief Executive Officer, said: “Managing our carbon footprint is a key component of our Corporate Social Responsibility. We recognise that as a global organisation, we have a responsibility not only to our employees, clients, partners and shareholders, but also to the environment that we operate in. We’re very excited to be working with Pangolin Associates and look forward to the journey ahead. We will aim to source all our power from renewable sources over time.

Pepperstone Increases Focus on Equities

Pepperstone has recently added more UK, German and Australian shares to its MetaTrader 5 offering, as brokers increasingly go multi-asset. Users can find shares of Tesla, Apple, Facebook, and Amazon, among others with the Melbourne-based brokerage.

Global interest and volatility around equities are at an all-time high and the FX and CFD broker chose to cater to client demands. Exclusively available through the MetaTrader 5 platform, traders gain access to a comprehensive suite of analytical tools for price analysis and forecasting on global shares offered by Pepperstone, as well as charting, execution tools, and the ability to trade in the aftermarket.

Pepperstone provides pre- and post-market trading of US shares as clients search for volatility in those periods. The Australian-based broker is set for expansion across the globe after having opened new offices and secured more regulatory licenses in 2020.

The firm has entered Dubai (DFSA), Kenya (CMA), Germany (Bafin), and Cyprus (CySEC) as it spreads its wings and aims to become a driving force within FX and CFD industry.

As one of the most popular FX and CFD brokers in Australia offering very high leverage for its users, Pepperstone’s Australian operation may have been one of the hardest hit from ASIC’s imposed restrictions on CFD products.

Firms under ASIC’s jurisdiction have adopted European-like restrictions on CFD products, and are no longer be able to use bonuses and other non-monetary incentives to try and attract new traders.