Euroclear commits to Net-Zero by signing the Science Based Targets initiative
Euroclear commits to Net-Zero
Brussels/London – 25 April 2022 – Euroclear is pleased to announce that it has taken the important step to reduce its global carbon footprint by committing to the Science Based Targets initiative (SBTi). Euroclear will now set ambitious CO2 reduction actions with the aim of achieving net-zero value chain Green House Gas (GHG) emissions by no later than 2050.
The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science. It is focused on accelerating companies and financial institutions across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
Science-based targets provide a clearly defined pathway for companies to reduce GHG emissions, helping prevent the worst impacts of climate change and future-proof business growth.
Over the coming months Euroclear will develop science-based targets aligned with the SBTi criteria for both near term targets and net zero targets and will submit these for verification to SBTI.
Lieve Mostrey, CEO Euroclear Group, commented: “Euroclear has always been committed to limiting the effects of climate change. We have been carbon neutral since 2012, but now is the time to make the additional commitment to Net Zero using science based targets. As part of our overall ESG strategy, this commitment is a key element of our ambition to facilitate and accelerate a sustainable financial system, as demonstrated by our recent investment in Greenomy.”
Euroclear Group is the financial industry’s trusted provider of post trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear Group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & International. The Euroclear Group settled the equivalent of EUR 992 trillion in securities transactions in 2021, representing 295 million domestic and cross-border transactions, and held EUR 37.6 trillion in assets for clients by end 2021. .
"As part of our overall ESG strategy, this commitment is a key element of our ambition to facilitate and accelerate a sustainable financial system, as demonstrated by our recent investment in Greenomy.”
Lieve Mostrey, CEO, Euroclear Group
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