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 66 is higher than 99% 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 2023, Belfius Bank reported total carbon emissions of approximately 634,208,420 kg CO2e. This figure includes 2,137,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 79,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 174,620,000 kg CO2e, fall under Scope 3, which includes emissions from the value chain, such as investments and business travel. Belfius has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets have not been disclosed. The bank is currently classified as "Committed" to near-term targets, with a deadline to submit these targets set for January 2024. However, it has not yet committed to a net-zero target. In previous years, Belfius's emissions have varied, with total emissions of approximately 24,563,000 kg CO2e in 2021 and 410,670,340 kg CO2e in 2022. The bank's emissions profile indicates a significant reliance on Scope 3 emissions, highlighting the importance of addressing indirect emissions in their climate strategy. Overall, while Belfius is actively engaging in climate commitments, further clarity on specific reduction initiatives and long-term targets would enhance their sustainability profile.
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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.
