Public Profile

Belfius

Belfius Bank and Insurance, headquartered in Brussels, Belgium, is a prominent player in the financial services industry. Founded in 2011, the company emerged from the restructuring of Dexia and has since established itself as a key provider of banking and insurance solutions across Belgium. Belfius offers a diverse range of products, including retail banking, corporate banking, and insurance services, distinguished by their customer-centric approach and innovative digital solutions. The bank has achieved significant milestones, including a strong market position as one of Belgium's leading financial institutions, recognised for its commitment to sustainability and community support. With a focus on enhancing customer experience, Belfius continues to adapt to the evolving financial landscape, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does Belfius's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

42

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

3

Industry Benchmark

Belfius's score of 42 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.

95%

Belfius's reported carbon emissions

In 2023, Belfius reported total carbon emissions of approximately 634,208,420 kg CO2e. This figure includes 72,270,560 kg CO2e from Scope 1 emissions, 27,016,190 kg CO2e from Scope 2, and a significant 306,066,690 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass various categories, including investments and franchises, which contribute substantially to the overall footprint. Over the years, Belfius has shown a trend in emissions reduction, with total emissions decreasing from about 24,563,000 kg CO2e in 2021 to the current figure. The bank has committed to near-term climate targets, with a deadline for submission set for January 2024, although it has not yet committed to a net-zero target. Belfius operates within the financial sector in Belgium and is actively working towards enhancing its sustainability practices. The bank's climate commitments reflect a growing recognition of the importance of addressing climate change within the financial industry.

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2017201820192020202120222023
Scope 1
8,796,300
0,000,000
0,000,000
0,000,000
0,000,000
00,000,000
00,000,000
Scope 2
3,414,700
0,000,000
0,000,000
0,000,000
000,000
000,000
00,000,000
Scope 3
16,961,900
0,000,000
0,000,000
0,000,000
00,000,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Belfius's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Belfius is headquartered in BE, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Belfius is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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