Our responsibility

Mission Statement

    

Our mission is to support and enable a sustainable financial marketplace while limiting our impact on the environment, providing an equitable and inclusive workplace and conducting business in an ethical and responsible way.

Euroclear’s approach to sustainability

Our ESG strategy is built around five streams, with Marketplace at the centre. We aim to support and enable a sustainable financial marketplace. Our four complementary pillars ensure that we focus on what is material for us as a company and is in line with the UN’s Sustainable Development Goals. We have built our ESG strategy based on multi-stakeholder engagements and a materiality assessment. We are continually reviewing this model together with our Management Committee and Board to ensure that we meet all of our stakeholders’ expectations.

A strong revised governance model ensures that we continue to monitor our impact on people and the environment and take appropriate action. For more information, see our sustainability report 'Our Responsibility' which follows the Global Reporting Initiative (GRI) standards.

 

 

 

Modern slavery and human trafficking statement

Euroclear is committed to ensuring that there is no modern slavery or human trafficking in any part of our business or supply chains.

        

 

 

Marketplace

Our Vision for scaling up Sustainable Finance

We strive to facilitate and accelerate the development of a sustainable financial system. Euroclear can support a greater supply of sustainable investment opportunities by reducing barriers to issuance. As an FMI, we aim to foster trust and transparency in the sustainable finance market by enabling the processing of ESG information and improving its flow between market participants – from issuers to asset manager and asset owners. Our global footprint helps us further expand the reach of the market to more asset classes and participants.

Our action plan

We aim to create a single point of delivery for issuers to comply with ESG reporting needs

We envision the development of a single point of access for investors to meet on-demand needs for ESG data and analytics

We look to support a channel for sustainability guidance in the form of ESG taxonomies, standards and frameworks under development

Our achievements

  • Published a position paper with PwC “A Cross Border FMI driven approach to Sustainable Finance”, launched at the World Economic Forum Sustainable Finance Week in 2021
  • Strategic investment into Greenomy, a RegTech ESG leader which helps corporates, credit institutions and asset managers measure, disclose and improve their sustainability levels according to the new EU sustainable finance standards (EU Taxonomy, SFDR and NFRD/CSRD).
  • Launch of MFEX ESG module on the Global Funds Watch platform in 2021. This module allows clients to evaluate how their counterparties incorporate ESG into their business models, giving them invaluable insights in order to be able to make investment decisions

Workplace

Our Ambition

Be an employer of choice by fostering a healthy, inclusive environment and attracting, developing and upskilling staff for the future needs of financial markets.

What We Will Do

Continue to create an environment where all employees feel valued, respected and fully engaged

Promote and nurture employees regardless of gender, ethnicity, age, sexual orientation, religion, disability or background

Ensure that we attract and develop the right skills to face current and future business needs and continue to train our staff accordingly

Actionable Goals

  • Identify measurements to ensure that all our people are treated equally and have equal opportunities
  • Ensure a gender-balanced population within all levels of our organisation. We want to achieve a global average of 50% women at all levels, with all divisions comprising at least 40% women, and all leadership teams made up of at least 1/3 women
  • Set and communicate an employee engagement score target in our employee survey
  • Identify future skills and recruit accordingly
  • Put in place an action plan for offices where there are still barriers for people with disabilities

Our achievements

  • 123 leaders attended the inclusive leadership training
  • Average of 2.5% increase in women at the senior management level
  • 80% of our offices are assessed as fully barrier-free for people with disabilities
  • 50% increase in training hours since 2020
  • 2,300 hours of coaching given
  • Launched the Euroclear employee solidarity fund

Environment

Our Ambitions

Build a climate resilient business and support climate resilient financial markets by managing climate risk.

What We Will Do

Work on integrating Climate Risk into the risk framework and development of key performance indicators (KPIs) and key risk indicators (KRIs)

Develop science-based targets for both near term targets and net zero targets

Join alliances or initiatives to fight global warming

Improve our real-time data collection

Implement the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations

Actionable Goals

  • KRI monitoring and reporting
  • Review our emissions to include the whole value chain
  • Create a credible path to achieving net zero by 2050 at the latest, with targets accredited by the Science Based Targets Initiative
  • Keep the provisional target of 42% reduction of carbon emissions by 2024 versus 2014 baseline
  • Implement waste reporting across the group
  • Target 100% of laptops repurposed

Our achievements

  • Committed to achieving net zero by 2050 at the latest
  • Certified carbon neutral since 2012
  • Reduced our carbon footprint by 47% based on 2014 baseline
  • Reduced energy use in offices by 25% versus 2014 baseline
  • Endorser of EU Datacentre Code of Conduct

Community

Our Ambition

We strive to have a positive impact on our communities while reflecting our corporate values: Accountable, Helpful and Respect

What We Will Do

Continue to develop our charitable partnerships in line with our corporate values and purpose

Support the involvement of our employees in community projects and volunteering

Actionable Goals

  • Set ourselves a target for volunteering
  • Report on the impact of our support
  • Ensure alignment on our goals across the group

Our achievements

  • 850 volunteers across the group in 2021
  • 891 participants in Corporate Community engagement programme
  • 4,700 Junior Achievement students supported

Governance

Our Ambition

  • To ensure robust and transparent governance across Euroclear
  • To encourage effective and clear governance in our value chain

What We Will Do

Employ a high level of governance to ensure that we monitor our own and our stakeholders’ impact on the planet

Assess and regularly evaluate our continuing impact on the ESG regulatory landscape

Ensure a robust ESG assessment of our value chain

Put in place policies covering all ESG aspects, signed off by our Board

Actionable Goals

  • Sign up to UN Global Compact, the UN Principles of Responsible Banking and TCFD
  • Strengthen the ESG assessment of our supply chain
  • Conduct an in-depth ESG risk analysis
  • Create ESG policies

Our achievements

  • New ESG governance and strategy put in place

Sustainability Report

Annually, we communicate our performance and impact on delivering a sustainable financial marketplace through our set ambitions. Find our 2021 Sustainability Report here.

Read the latest news

Contacts

Charlotte Shaw

Senior Corporate Responsibility Officer
Tel: +32 2 326 16 10

Email >

Paul Symons

Chief Sustainability Officer
Tel: +44 (0)20 78 49 00 34

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