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 Scope 3 emissions from investments amounting to approximately 10,367,229,000 kg CO2e. This data reflects the bank's global operations and highlights its substantial carbon footprint associated with its investment portfolio. KBC Bank has previously disclosed emissions data, including a total of 94,183,000 kg CO2e in 2017, which comprised 41,730,000 kg CO2e from Scope 1, 27,551,000 kg CO2e from Scope 2, and 24,903,000 kg CO2e from Scope 3 emissions. However, there is no recent data available for Scope 1 and Scope 2 emissions, indicating a lack of transparency in these areas. The bank's climate commitments have seen changes over time. As of January 2023, KBC Bank had a near-term target status of "Committed," but this commitment has since been removed, indicating an expired commitment. The bank has not set a net-zero target or long-term reduction goals, which raises questions about its future climate strategy. KBC Bank's emissions data is cascaded from its parent organization, KBC Bank NV, and reflects the broader corporate family's sustainability initiatives. The bank operates within the financial sector, which is increasingly scrutinised for its environmental impact, particularly regarding investment practices. Overall, KBC Bank's current emissions and climate commitments suggest a need for enhanced transparency and more robust climate action strategies to align with industry standards and stakeholder expectations.
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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