Euroclear SA/NV Sustainability Profile
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 81% 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 latter includes categories such as purchased goods and services (about 3,997,000 kg CO2e), business travel (approximately 448,000 kg CO2e), and employee commuting (around 338,000 kg CO2e). Euroclear has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its entire value chain by 2050, using 2019 as the base year. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 55% by 2030 and Scope 3 emissions by 28% within the same timeframe. Furthermore, Euroclear commits to a long-term reduction of 90% in both Scope 1 and 2 emissions by 2050, as well as a 90% reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with the reductions required to limit global warming to 1.5°C. Euroclear also aims for 70% of its suppliers, covering purchased goods and services and capital goods, to have science-based targets by 2027. This comprehensive approach underscores Euroclear's commitment to sustainability and its proactive stance in addressing climate change within the financial services sector.
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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 |
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Euroclear SA/NV's Scope 3 Categories Breakdown
Euroclear SA/NV's Scope 3 emissions, which increased by 4% last year and increased by approximately 4% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
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Euroclear SA/NV's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Euroclear SA/NV has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
