Nasdaq Acquires Carbon Removal Marketplace to Expand ESG Toolkit

Nasdaq Inc. is acquiring a majority stake in an online marketplace for industrial carbon-removal instruments to help companies meet their ESG objectives.

The purchase of Puro.earth adds to Nasdaq’s environmental, social, and governance technologies and work flow solutions and will help the Finnish startup scale its platform, the exchange operator said in a statement on Tuesday.

“Many of our 4,000 listed companies worldwide communicate that they want to be carbon neutral or negative,” Bjorn Sibbern, president of European Markets at Nasdaq, said in an interview. “To help them on their carbon journey is key for us.”

Puro.earth, which counts ...