Euroclear SA/NV
Euroclear SA/NV, headquartered in Belgium, is a leading provider of post-trade services in the financial industry. Founded in 1968, the company has established itself as a pivotal player in the global securities market, offering a comprehensive range of services including settlement, custody, and asset servicing. With a strong presence in major financial hubs across Europe, Asia, and the Americas, Euroclear facilitates the efficient processing of securities transactions for a diverse clientele. The firm is renowned for its innovative technology and robust infrastructure, which enhance the safety and efficiency of financial transactions. Euroclear's commitment to regulatory compliance and risk management has solidified its market position, making it a trusted partner for financial institutions worldwide. Notable achievements include its role in the development of the European securities market and its ongoing efforts to streamline post-trade processes, ensuring seamless operations for its clients.
DitchCarbon Score
How does Euroclear SA/NV's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Euroclear SA/NV's score of 66 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Euroclear SA/NV's reported carbon emissions
In 2023, Euroclear SA/NV reported total carbon emissions of approximately 4,912,700 kg CO2e. This includes Scope 1 emissions of about 23,800 kg CO2e, Scope 2 emissions of around 66,900 kg CO2e, and significant Scope 3 emissions totalling approximately 4,822,000 kg CO2e. The Scope 3 emissions breakdown includes capital goods (4,000 kg CO2e), business travel (448,000 kg CO2e), employee commute (338,000 kg CO2e), purchased goods and services (3,997,000 kg CO2e), waste generated in operations (4,000 kg CO2e), fuel and energy-related activities (24,000 kg CO2e), and upstream transportation and distribution (7,000 kg CO2e). Euroclear has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across all scopes by 2050, with a 2019 baseline. Near-term targets include a 55% reduction in absolute Scope 1 and 2 emissions by 2030 and a 28% reduction in absolute Scope 3 emissions within the same timeframe. Additionally, Euroclear commits that 70% of its suppliers, based on emissions from purchased goods and services and capital goods, will have science-based targets by 2027. Long-term goals include a 90% reduction in absolute Scope 1, 2, and 3 emissions by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Euroclear's commitment to addressing climate change within the financial services sector. The emissions data and targets are cascaded from Euroclear SA/NV, ensuring a comprehensive approach to sustainability across its operations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 21,700 | 00,000 |
| Scope 2 | 67,900 | 00,000 |
| Scope 3 | 4,628,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Euroclear SA/NV is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
