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Belfius Bank and Insurance, commonly referred to as Belfius, is a prominent financial institution headquartered in Brussels, Belgium. Established in 2011, the company emerged from the restructuring of Dexia and has since positioned itself as a key player in the financial intermediation services sector, specifically excluding insurance and pension funding services.
Belfius offers a diverse range of products and services, including retail banking, corporate banking, and investment solutions, tailored to meet the needs of both individual and business clients. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a strong presence across Belgium, Belfius has achieved notable milestones, including recognition for its digital banking initiatives and sustainable finance efforts, solidifying its reputation as a trusted financial partner.
64
DitchCarbon score
+27 vs industry average
Belfius’s score of 64 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Belfius's reported carbon emissions
Belfius, a financial intermediation services company headquartered in Belgium, reported total carbon emissions of approximately 230.1 million kg CO2e in 2024. This includes about 1.9 million kg CO2e from Scope 1 emissions, 1.5 million kg CO2e from Scope 2 (location-based), and 226.2 million kg CO2e from Scope 3 emissions.
In 2023, the company's total emissions were approximately 253.1 million kg CO2e, comprising about 2.1 million kg CO2e (Scope 1), 1.7 million kg CO2e (Scope 2 location-based), and 249.3 million kg CO2e (Scope 3). Looking further back, in 2022, Belfius reported about 4.2 million kg CO2e for Scope 1 emissions, 1.9 million kg CO2e for Scope 2 (location-based), and 265.7 million kg CO2e for Scope 3 emissions.
Belfius has set several near-term reduction targets for its operational carbon footprint. The company aims to reduce Scope 1 and Scope 2 emissions from its own operations by 25% between 2019 and 2025. Additionally, it targets a 20% reduction in its operational carbon footprint, covering Scope 1, Scope 2, and Scope 3 emissions (excluding financed emissions), by 2025 compared to a 2019 baseline. A further ambition is to reduce average company vehicle emissions (Scope 1 and Scope 2) by 50% by 2025, also against a 2019 baseline. Belfius also aims to use 100% certified green electricity in all owned buildings and for its operations by the end of 2025.
Belfius Bank SA had a "Committed" status for near-term targets with the Science Based Targets initiative (SBTi), but this commitment has since been removed. The company was given a deadline of January 2024 to submit its targets as a Financial Institution.
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Belfius’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
13 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Belfius19 days ago
64
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Frequently asked questions
Common questions about Belfius’s sustainability data and climate commitments
Usage policy
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