The 7th Euroclear field trip is just about to set off for rural Uganda. This time the team of 10 colleagues from the UK, France, Belgium, Poland and Sweden will be focusing on both the schools that we are supporting and the wider community. We are working with the UK charity Build Africa to enable financial inclusion and help local families to rise above the poverty level. On this trip, we'll be working with local farmers and taking part in workshops with the parents so that they can provide more support for their children's learning. Watch this space for updates!
It' difficult to get young women into STEM subjects, and, as a result, it's often difficult to attract women into IT jobs. At Euroclear we feel that teams work better together when there is a good gender balance, which is why we work with Greenlight for Girls to encourage young women to get into STEM subjects.
Find out more about how an interactive workshop in London inspired the daughters of our colleagues....take a look at our Workplace stream.
In our fast paced lives, it’s important to step back and celebrate some of the great things that our industry is doing for both local and global communities.
Many colleagues take time throughout the year to support those in our communities who are less privileged than we are and City Giving Day is the day that we say thank you and encourage others to do the same.
City Giving Day was launched three years ago by the then Lord Mayor of London - and from year one, Euroclear went global! This year we celebrated City Giving Day in six of our locations around the world.
We not only celebrate the great community work that is going on, but we also take this occasion to raise awareness on our environmental initiatives and to support our Diversity & Inclusion agenda.
This year, across the group, we raised over EUR 1,800 for various charities. Colleagues took part in Stairs Challenges, treasure hunts, guessing games and static bike races.. to name just a few of the fun activities that were held from London all the way to Hong Kong.
It's great to start the summer with some good news. And that's what we're going to do. We've reduced our carbon footprint by an impressive 29% since we started measuring in 2010!
We remain firmly committed to carbon neutrality and we're aiming to reduce our emissions even further, although an increase in global travel makes this challenging.
We put a price on our emissions by offsetting annually to a recognised standard PAS2060. We choose projects which are in line with our Corporate Responsibility goals and make measurable contributions to local communities, while contributing to the UN's Sustainable Development goals.
New science-based targets
We are pleased to announce our new science-based emissions targets. Science-based targets are focused on setting reduction goals which are based on keeping global temperature rise to under 2 degrees by 2050, as recommended in the Paris agreement. This shows our determination to set long-term ambitious goals and to stick to them.
Our first emissions target is to reduce our footprint by a further 36% by end 2024, against our 2014 baseline.
We've just returned from rural Uganda, where we have been visiting some of the schools we support to identify future projects, observing the local savings & loans groups, leading workshops and investigating how we can further support local entrepreneurs. It was a very full schedule, with so many inspiring and impressive experiences, it's hard to single out just one.
Perhaps one of the most memorable parts of the trip was our visit to small businesses, which are thriving against all odds. With the help of the savings & loans schemes, supported by Build Africa and Euroclear, local farmers are learning how to escape from subsistance farming and expand their efforts to break the cycle of poverty.
Supporting young people as they enter into the workforce is something that Euroclear feels strongly about. As a major employer in Brussels, we have a special interest in helping young people to achieve their dreams.
So, it was with great pleasure that we agreed to sponsor the Euroclear Social Entrepreneurship award at the Junior Achievement European Company of the Year finals on 12 July. Throughout the day, the 37 ‘mini companies’ pitched to the various juries and hosted stalls on the Place Rogier in Brussels to display their wares. They even received a visit from HRH King Philippe of Belgium, who showed a real interest in their initiatives and is obviously a keen supporter of young entrepreneurship.
Our CEO, Lieve Mostrey, attended the gala event at Autoworld in the evening, in the company of Minister Alexander De Croo and European commissioner Marianne Thyssen, among over 700 other guests. It was an amazing evening – wonderful to see so much young talent and energy and encouraging that so many young people are considering the impact of their products upon society and the planet.
Our award for Social Entrepreneurship recognises the team that has best embodied the concept of making a profit while at the same time benefitting society. The winners, the Dutch team Inizio with their innovative recyclable flat pack coffee cup perfectly embody the ‘People, Planet, Profit’ principle.