Euroclear Bank SA/NV

Euroclear Bank SA/NV, a financial intermediation services company headquartered in Belgium, reported total carbon emissions of approximately 89.6 million kg CO2e in 2024. This figure comprises about 788,000 kg CO2e from Scope 1 emissions, 368,000 kg CO2e from Scope 2 market-based emissions, and approximately 88.5 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions include purchased goods and services (approximately 71.5 million kg CO2e), employee commute (approximately 5.8 million kg CO2e), and capital goods (approximately 3.7 million kg CO2e).

In 2023, Euroclear Bank SA/NV's total emissions were approximately 79.4 million kg CO2e, with Scope 1 at 737,000 kg CO2e, Scope 2 market-based at 391,000 kg CO2e, and Scope 3 at approximately 78.3 million kg CO2e. This indicates an increase in total emissions from 2023 to 2024.

Euroclear Bank SA/NV has demonstrated a commitment to climate action, with its science-based targets approved by the Science Based Targets initiative (SBTi) in November 2023. These targets support a pathway to reaching net-zero emissions by 2050 at the latest, covering all emission scopes. The SBTi targets for Euroclear Bank SA/NV are cascaded from its parent company, Euroclear SA/NV.