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Public Profile
Business Services
BE
updated 2 months ago

Euroclear SA/NV Sustainability Profile

Company website

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.

66

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.

26

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.

81%

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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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20222023
Scope 1
21,700
00,000
Scope 2
67,900
00,000
Scope 3
4,628,000
0,000,000

How Carbon Intensive is Euroclear SA/NV's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Euroclear SA/NV's primary industry is Other business services (74), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Euroclear SA/NV's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Euroclear SA/NV is in BE, which has a very low grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2023
Purchased Goods and Services
83%
Business Travel
9%
Employee Commuting
7%
Fuel and Energy Related Activities
<1%
Upstream Transportation & Distribution
<1%
Capital Goods
<1%
Waste Generated in Operations
<1%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Euroclear SA/NV's Emissions with Industry Peers

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Broadridge

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

JPMorgan Chase & Co

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Citi

US
•
Services auxiliary to financial intermediation (67)
Updated 20 days ago

Intercontinental Exchange

US
•
Other business services (74)
Updated 13 days ago

Clearstream Banking S.A.

LU
•
Other business services (74)
Updated about 2 months ago

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Where does DitchCarbon data come from?

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