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
