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.
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.
Industry Benchmark
Belfius's score of 68 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Belfius's reported carbon emissions
In 2024, Belfius Bank SA reported total carbon emissions of approximately 165,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 161,914,000 kg CO2e. The breakdown of emissions includes Scope 1 emissions of about 1,873,000 kg CO2e and Scope 2 emissions of approximately 1,545,000 kg CO2e. Notably, the bank's Scope 3 emissions stem from various activities, including capital goods (about 86,712,000 kg CO2e) and downstream leased assets (approximately 55,169,000 kg CO2e). Comparatively, in 2023, Belfius's total emissions were around 174,620,000 kg CO2e, indicating a slight reduction in overall emissions in 2024. The bank has set ambitious targets to reduce its carbon footprint by 20% for both Scope 1 and Scope 2 emissions by 2025, using 2019 as the baseline year. Additionally, Belfius aims for a 25% reduction in its operational carbon footprint, which encompasses all scopes, by the same deadline. Belfius is committed to using 100% certified green electricity in all its owned buildings by the end of 2025. This commitment aligns with its broader sustainability goals and reflects its partnership with CO2logic to achieve these reductions. The emissions data is cascaded from Belfius Bank SA, which is a current subsidiary, ensuring that the reported figures are consistent with the parent company's sustainability initiatives.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 8,620,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,867,300 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000 | 0,000,000 |
| Scope 3 | 7,649,300 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions 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 not participating in any of the initiatives that 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.
