We are pleased to announce that, as part of our 2025 Annual Report, Euroclear has published its latest Sustainability Statements, in compliance with Corporate Sustainability Reporting Directive (CSRD) requirements.
Against a background of political upheaval and socio-economic uncertainty, Euroclear remains committed to its sustainability ambitions. While we have made progress, 2025 was a year of consolidation across both our environmental and social areas of activity. We have focused on upskilling and improving our data quality and analysis to inform future decisions and actions. This foundational activity, which will continue in 2026, will enable further progress towards our long-term sustainability targets.
We aim to support and enable a sustainable financial marketplace; to limit our impact on the environment; to provide an equitable and inclusive workplace and to conduct our business in an ethical and responsible way.
Having conducted a thorough double materiality analysis, involving a selection of both internal and external stakeholders, we have identified nine topics which are most relevant for Euroclear and we have established associated KPIs and/or targets for each.
Connecting issuers and investors
Euroclear's core business benefits the financial system by connecting issuers and investors worldwide.
As a global FMI, we have a role to play in facilitating and accelerating the development of a sustainable financial market. Our presence across the developed, emerging and frontier markets allows us to facilitate engagement across diversified market participants.
In 2025, over EUR 384 billion in Green, Social, Sustainability and Sustainability-linked (GSSS) bonds were issued in Euroclear Bank and EUR 1.68 trillion in GSSS bonds were held under Euroclear Bank’s custody by the end of year.
We have taken further steps towards our environmental targets and completed our first net zero transition plan, but we need to accelerate action to meet our longer-term targets.
In 2025 we directed our efforts at improving our data management, analysis, reporting and supplier engagement and will see the results of these activities in future years.
In 2025, our total emissions remained stable increasing by just 0.4% to 88,785 tonnes (2024: 88,411 tonnes). Scope 1 and 2 emissions decreased by 27% to 849 tonnes (2024: 1,156 tonnes), due to a switch to more energy efficient office lighting, greater use of renewable energy and moving to a more energy efficient building in Finland. We also benefitted from official changes to the Carbon Environmental Data Archive (CEDA) emission factors.
Scope 3 emissions (particularly those attributed to our suppliers) continue to represent the greatest part of our carbon emissions and marginally increased in 2025 to 87,936 tonnes (2024: 87,255). By the end of 2025 we were working with 22 of our key suppliers to encourage them to set science-based targets, provide Euroclear with actual emissions data and obtain an EcoVadis score. We improved our data collection in relation to employee commuting, we encourage employees to choose greener commuting options and we are decarbonising our car fleet in Belgium and Poland.
Our people are instrumental in achieving our business strategy and we want to ensure that they have the right skills and profiles to help us achieve our business goals. We continue to believe that a diverse and inclusive company is essential for achieving success.
Diversity, equity and inclusion
In 2025, we implemented a revised Diversity, Equity and Inclusion (DEI) strategy. We also focused on ensuring that our leaders are equipped to lead inclusively and to support diverse talent. By the end of 2025, the percentage of women in senior management stood at 34% (2024: 32%). We know that it is challenging to meet our ambitious target of 40% by end 2026 and will now review our approach to this target as we implement our new DEI strategy.
Learning and development
We have focused on upskilling all staff, in particular to harness the full potential of AI and digitalisation to drive efficiency and enhance customer experience.
We also launched our new ‘Forward’ leadership training programme with 186 people registered in 2025. It is a rolling programme run by the London Business School and aimed at equipping leaders and future leaders with the right skills to realise our business strategies.
Employee wellbeing
We take a holistic approach to employee wellbeing, considering physical, mental and environmental wellbeing.
We will roll out our updated global wellbeing approach in line with local country needs and promote our wellbeing programme to the workforce. In 2026 we will focus on building an action plan to strengthen the mental resilience of our staff, support better financial wellbeing and enhance or modify our benefits to ensure that they continue to support employees at work.
We measure the engagement of our staff annually. In 2025, as we navigated a challenging external environment, our overall engagement score was 7.2% (2024: 7.8), against a 2022 baseline of 7.7 in a market where we see a downward trend in engagement benchmarks. We will continue to focus on constructive dialogue and implement action plans to build a stronger, human-centred organisation.
We are also looking at how climate change might impact the wellbeing of all of us in the future.
Supporting the communities in which we live and work is important for us and aligns with our corporate values.
Our corporate volunteering programme continues to grow, counting over 3,458 individual volunteering experiences in 194 activities across the group in 2025. In addition, our employee-led local charity committees supported 79 local projects and Euroclear donated € 830,964.12 to community projects across the group.
2025 marked the Euroclear Foundation’s first full year of operation, following its establishment in 2024. The Foundation is financed through an annual contribution equivalent to 1% of Euroclear’s net profit, which amounted to €12.5 million in 2025.
Its mission is to enable better life chances for underserved youth with a focus on communities connected to Euroclear’s office locations.
Including board governance, compliance & ethics and supply chain.
We pride ourselves on our robust approach to governance, an approach that we also apply to our suppliers – working with them to ensure that they adhere to their ESG commitments and our Supplier Code of Business Conduct.
We continue to enhance our ‘Know Your Client’ anti-money laundering process and achieved a higher overall customer experience score of 4.5/5 last year.
In March 2025, as part of our anti-corruption and anti-fraud reporting framework, we introduced a dedicated human rights category to capture potential violations.
86% of our key suppliers were screened for sustainability criteria in 2025.
