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 2021, KBC Bank, headquartered in Belgium, reported total carbon emissions of approximately 94,184,000 kg CO2e. This figure encompasses emissions across all scopes, with Scope 1 emissions at about 41,730,000 kg CO2e, Scope 2 at approximately 27,551,000 kg CO2e, and Scope 3 at around 24,903,000 kg CO2e. KBC Bank's climate commitments include a near-term target status of "Committed," although specific reduction targets have not been detailed. Notably, a previous commitment was removed, indicating a shift in their climate strategy. The bank is part of the financial sector, which is increasingly under pressure to address climate change impacts. The emissions data for KBC Bank is cascaded from KBC Bank NV, reflecting its status as a current subsidiary within the KBC Group NV corporate family. This relationship underscores the importance of comprehensive reporting and accountability in addressing climate-related risks and opportunities. KBC Bank continues to engage in sustainability initiatives, although specific reduction initiatives or targets have not been disclosed in the latest reports. The bank's ongoing efforts to monitor and manage its carbon footprint are crucial as it navigates the evolving landscape of climate commitments within the financial industry.
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| 2015 | 2016 | 2017 | |
|---|---|---|---|
| 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 |
How Carbon Intensive is Kbc Bank's Industry?
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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