Environment
At Euroclear, we continuously strive to mitigate our environmental impact on the planet by taking action to reduce our current and future carbon levels.
What We Will Do
Develop and execute our net zero transition plan
Engage with suppliers to comprehensively address their emissions
Integrate a net zero approach into daily operations such as business travel and managing waste
Enhance our internal data capability to improve our monitoring of emissions and support our internal and external reporting
Monitor our progress and further explore innovative opportunities for reducing emissions
Actionable Goals
- Annual Reduction of 7% of Scope 1+2 Emissions to achieve a 55% reduction by 2030, and a 90% reduction by 2050
- Annual Reduction of 3% of Scope 3 Emissions – excluding Investments and Suppliers - to achieve a 28% reduction by 2030, and a 90% reduction by 2050
- Engagement with suppliers representing 70% of total suppliers' emissions to have their own SBTs set by 2027
- 75% of existing key suppliers screened by Ecovadis
These targets are currently under review
Our achievements
- Our net zero targets have been approved by the Science Based Targets initiative (SBTi)
- In 2023, our Scope 1 and 2 emissions decreased dramatically, already meeting our 2030 SBTi target, mainly due to the rolling out of renewable energy in our main offices
- In 2023, our overall emissions rose by 6% mainly due to business travel after Covid and an increase in Scope 3 emissions
- 100% of new critical suppliers were screened and sustainability criteria is being progressively introduced into the tendering and selection process. For new key suppliers, 10% of the total score in the RFP process is allocated to sustainability aspects
Our people
At Euroclear we believe in fostering an inclusive, equitable and diverse workplace where everyone can thrive and fulfill their true potential
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
Focus on staff wellbeing, especially mental health
Actionable Goals
- Min 40% of underrepresented gender at senior management level
- Maintain or improve the D&I scores in Employee engagement survey (non-discrimination 8.5, inclusiveness 8.1, diversity 8.5) as from 2023
- Maintain or improve overall engagement score of 7.7 in employee engagement survey as from 2023
These targets are currently under review
Our achievements
- In 2024, we have defined a revised D&I strategy with a focus on behavioural change and we have defined a new group-wide wellbeing approach
- At end 2023, women represented 31% of senior management, against a target of 40% by end 2026
- In 2024, we continued to build our employee networks, representing all aspects of diversity
- The overall engagement score in our 2023 employee survey was 7.9/10, the highest ever score and an increase from 7.7/10 in 2022
- Training hours doubled in 2023 and we launched a new learning platform for all staff
Community
We strive to make a positive impact on the communities in which we work and serve, both globally and locally through volunteering and charitable partnerships
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
- 20% of all staff participating in company volunteering program in 2023
- All charities supported by Euroclear to be linked to one of the Group’s community goals as defined in the Group’s ESG Policy, by end 2023
- 100% of corporate charities to be screened in accordance with our ESG and ABC policy by end 2023
- Measure and report on impact for the largest charities supported
These targets are currently under review
Our achievements
- We doubled the number of projects in which we invested and significantly increased volunteering hours and budget, with 38% of staff volunteering in 2023
- 13 colleagues joined the field trip to visit the schools and communities that we support through our partnership with the NGO Street Child in Uganda and 184 volunteers took part in Junior Achievement activities, an increase of 18% from 2022
- We are proud sponsors of the Belgian Paralympic organisation, focusing on equity and inclusion
Governance
Our Governance stream ensures robust and transparent governance across Euroclear, a strong ethical culture and a resilient and stable infrastructure
What We Will Do
Maintain strong governance in place across the group and for our supply chain
Maintain a strong business conduct framework and strengthen tools for anti-money laundering and terrorist financing detection
Assess and regularly evaluate the ESG regulatory landscape and how it impacts Euroclear and our stakeholders
The 'Know your Client’ process will be continuously monitored to identify changes in the client risk profile
Actionable Goals
- The Boards of ESA, Euroclear Holding and Euroclear Investments and each of ESA’s subsidiaries to contain at least one third of the under-represented gender
- Report in line with CSRD requirements for full year 2024
These targets are currently under review
Our achievements
- Board governance in terms of ESG has been strengthened and regular ESG training is given to the Board members
- We continuously improve the methodology and quality of fraud risk assessments and streamlining of risk assessments
- We performed a long term climate scenario analysis to identify assets at risk
