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 31 is higher than 52% 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 global operations and highlights the substantial impact of its investment portfolio on overall emissions. KBC Bank does not currently disclose Scope 1 or Scope 2 emissions data. The bank's climate commitments include a near-term target status of "Committed," indicating ongoing efforts to address its carbon footprint. However, a previous commitment to a near-term target has been removed, and there are no long-term targets or net-zero commitments currently in place. This suggests a need for enhanced climate action strategies moving forward. KBC Bank's emissions data is cascaded from its parent organization, KBC Bank NV, which is classified as a financial institution operating in Belgium. The bank's initiatives and performance metrics are aligned with industry standards, although specific reduction targets have not been established. Overall, KBC Bank's emissions profile underscores the importance of addressing Scope 3 emissions, particularly in the financial sector, where investment decisions can significantly influence carbon outputs. The bank's future climate strategies will be crucial in mitigating its environmental impact.
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| 2024 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 10,367,229,000 |
How Carbon Intensive is Kbc Bank's Industry?
How Carbon Intensive is Kbc Bank's Location?
Kbc Bank's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, 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.
