Kbc Bank Sustainability Profile
KBC Bank, officially known as KBC Group NV, is a prominent financial institution headquartered in Brussels, Belgium. Established in 1998, KBC has evolved into a leading player in the banking and insurance sectors, primarily serving customers in Belgium and Central and Eastern Europe. The bank offers a comprehensive range of services, including retail banking, asset management, and insurance solutions, distinguished by its customer-centric approach and innovative digital offerings. With a strong market position, KBC Bank has garnered recognition for its commitment to sustainability and community engagement. The bank's unique blend of traditional banking services and modern technology has positioned it as a trusted partner for individuals and businesses alike. Notable achievements include its consistent ranking among the top banks in Belgium, reflecting its robust financial performance and customer loyalty.
DitchCarbon Score
How does Kbc Bank'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
Kbc Bank's score of 28 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kbc Bank's reported carbon emissions
In 2024, KBC Bank reported significant carbon emissions, with approximately 10,367,229,000 kg CO2e attributed to Scope 3 emissions from investments. This data reflects the bank's commitment to transparency in its environmental impact, although specific figures for Scope 1 and Scope 2 emissions were not disclosed. KBC Bank's climate commitments have evolved, with a recent near-term target status indicating a commitment to reducing emissions, although previous commitments have expired. The bank is currently classified as a financial institution operating in Belgium, and it has not set a net-zero target as of now. The emissions data is cascaded from KBC Bank NV, which is part of the KBC Group NV corporate family. This relationship highlights the bank's accountability in reporting its environmental impact and aligns with industry standards for climate action. KBC Bank's approach to sustainability includes monitoring the carbon intensity of its investment portfolios across various sectors, such as electricity, cement, steel, and aluminium, although specific reduction targets have not been established. The bank's ongoing efforts reflect a growing awareness of the financial sector's role in addressing climate change.
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| 2015 | 2016 | 2017 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 42,748,630 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 55,406,730 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 28,386,850 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Kbc Bank's Industry?
How Carbon Intensive is Kbc Bank's Location?
Kbc Bank's Scope 3 Categories Breakdown
Kbc Bank's Scope 3 emissions, which increased significantly last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Kbc Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kbc Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Kbc Bank's sustainability data and climate commitments