Euroclear’s carbon emissions reduction targets have received approval from the Science Based Targets initiative (SBTi).
This reaffirms Euroclear’s commitment to achieving science-based net-zero by 2050, aligned with a 1.5-degree scenario.
The SBTi is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.
To date, fewer than 450 companies have received a similar SBTi validation.
The validation reflects Euroclear’s approach to carbon reduction which encompasses infrastructure and property optimisation, energy consumption, business travel and the reduction of its suppliers’ carbon footprint.
Euroclear has combined its climate change mitigation programme with directly funding global social and environmental projects. This is in line with Euroclear’s mission to support a sustainable financial marketplace as a central pillar in the business strategy.
Paul Symons, chief sustainability officer at Euroclear, says: “As a major financial market infrastructure our net-zero commitments are a key element of our ambition to facilitate and accelerate a sustainable financial system.
“To reach net-zero status before 2050, we will continue to reduce emissions materially across our business and that of our suppliers. We will report on our progress through our annual sustainability report.”
