Euroclear

Euroclear's reported carbon emissions

Euroclear, based in Belgium and operating within financial intermediation services, reported a total of approximately 89.6 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions, with Scope 3 accounting for the largest portion at approximately 88.5 billion kg CO2e. Key contributors within Scope 3 include purchased goods and services, employee commute, and business travel. The company has established ambitious climate commitments, aiming to achieve net-zero greenhouse gas (GHG) emissions across its value chain by 2050, using 2019 as a baseline year. In the near term, Euroclear has committed to reducing absolute Scope 1 and 2 GHG emissions by 55% by 2030 from its 2019 levels. Furthermore, the company targets a reduction of 28% in absolute Scope 3 GHG emissions by 2030, focusing on categories such as fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, and employee commuting, also from a 2019 baseline. By 2050, Euroclear aims for a substantial 90% reduction in both absolute Scope 1 and 2, and absolute Scope 3 GHG emissions compared to 2019. For 2023, Euroclear reported total emissions of approximately 79.4 billion kg CO2e. The most recent detailed breakdown indicates that for 2024, Scope 1 emissions were approximately 788,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 368,000 kg CO2e. In 2022, Scope 1 emissions were about 721,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 962,000 kg CO2e. Euroclear's reporting includes a focus on Scope 3 emissions, with purchased goods and services being a significant component across the reported years.