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 84 is higher than 100% 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 reported total carbon emissions of approximately 165,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 162,000,000 kg CO2e. Specifically, Scope 1 emissions were about 1,873,000 kg CO2e, while Scope 2 emissions totalled approximately 1,545,000 kg CO2e. The previous year, 2023, saw total emissions of around 174,000,000 kg CO2e, indicating a slight reduction in overall emissions. Belfius has set ambitious climate commitments, aiming to reduce its carbon footprint by 20% by 2025 compared to a 2019 baseline for both Scope 1 and Scope 2 emissions. Additionally, the bank targets a 25% reduction in its operational carbon footprint by 2025. Belfius is also committed to using 100% certified green electricity in all its owned buildings by the end of 2025. Furthermore, Belfius has pledged to phase out financial support for thermal coal activities by 2030, reinforcing its commitment to sustainable practices. The bank remains carbon-neutral for its own activities and aims to reduce average company vehicle emissions by 50% by 2025, based on 2019 levels. These initiatives reflect Belfius's dedication to addressing climate change and reducing its environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,796,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,414,700 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000 | 0,000,000 |
| Scope 3 | 16,961,900 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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.
