Richard L. Sandor is chairman and founder of the Chicago Climate Exchange, the world’s first and North America’s only voluntary, legally binding greenhouse gas emissions cap and trade system. He is chairman of Climate Exchange plc (CLE), a publicly traded company listed on the London stock exchange’s AIM division. CLE owns the Chicago Climate Exchange (CCX) and the European Climate Exchange (ECX) and the CFTC-regulated futures division of CCX, the Chicago Climate Futures Exchange (CCFE).
In the early 1970s Sandor served as Vice President and chief economist of the Chicago Board of Trade. It was at that time that he earned the reputation as the principal architect of the interest-rate futures market and was later honored by the City of Chicago for his significant contribution to the creation of financial futures. In October 2007, Sandor was honored as one of TIME Magazine’s “Heroes of the Environment” for his work as the “Father of Carbon of Trading.”
In 2008 Sandor received the Financial Management Association’s “Outstanding Financial Executive Award” and in July 2009 Sandor was named Entrepreneur of the Year in the “green” category in the Midwest region by Ernst and Young.
Sandor is a research professor at the Kellogg Graduate School of Management at Northwestern University and a Member of the International Advisory Council of Guanghua School of Management at Peking University.