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 45 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Belfius's reported carbon emissions
In 2023, Belfius Bank 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, which encompass indirect emissions from the bank's value chain. Over the years, Belfius has shown a trend of fluctuating emissions. For instance, in 2022, total emissions were about 410,670,340 kg CO2e, with Scope 1 and 2 emissions contributing approximately 49,677,560 kg CO2e and 21,443,970 kg CO2e, respectively. The bank's emissions peaked in 2021 at approximately 24,563,000 kg CO2e, primarily driven by Scope 3 emissions. Belfius has not set specific long-term reduction targets or committed to net-zero emissions as of now. However, they are classified as a financial institution with a commitment to submit reduction targets by January 2024. The bank's climate strategy is still evolving, and they have removed previous near-term targets, indicating a reassessment of their climate commitments. Overall, while Belfius has made strides in tracking and reporting its carbon footprint, it faces challenges in establishing concrete reduction goals within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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
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 committed to any 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.
