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 43 is higher than 65% 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 SA reported total carbon emissions of approximately 180,066,000 kg CO2e. This includes Scope 1 emissions of about 5,343,000 kg CO2e, primarily from mobile combustion (approximately 3,252,000 kg CO2e), and Scope 2 emissions of about 79,000 kg CO2e. The majority of their emissions stem from Scope 3, which totalled approximately 174,644,000 kg CO2e, with significant contributions from capital goods (about 88,696,000 kg CO2e) and downstream leased assets (approximately 64,753,000 kg CO2e). Belfius has set ambitious targets to reduce its carbon footprint by 25% across its operations (Scope 1 and 2) by 2025, using 2019 as the baseline year. Additionally, they aim for a 20% reduction in their overall operational carbon footprint, which includes Scope 1, 2, and 3 emissions, by the same deadline. These initiatives are part of their commitment to sustainability and are executed in partnership with CO2logic. Belfius is also focused on transitioning to 100% certified green electricity for all its owned buildings by the end of 2025. However, it is important to note that their near-term target status has seen some commitments removed, indicating a need for ongoing evaluation of their climate strategies. The emissions data and reduction targets are cascaded from Belfius Bank SA, reflecting their commitment to addressing climate change within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,580,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,158,300 | 0,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | 7,289,400 | 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 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.
