KBC Group NV

KBC Group NV, a financial intermediation services company headquartered in Belgium, reported total emissions of approximately 63.8 million kg CO2e in 2025. This includes about 36.6 million kg CO2e from Scope 1, 5.4 million kg CO2e from Scope 2 (market-based), and approximately 22.8 million kg CO2e from Scope 3 emissions. The Scope 3 emissions in 2025 were primarily from employee commute (16.1 million kg CO2e), business travel (4.1 million kg CO2e), purchased goods and services (1.3 million kg CO2e), and waste generated in operations (0.8 million kg CO2e).

In 2024, the company's total emissions were approximately 63.8 million kg CO2e, with Scope 1 emissions at about 40.7 million kg CO2e, Scope 2 (market-based) at approximately 4.6 million kg CO2e, and Scope 3 emissions around 23.6 million kg CO2e. For 2023 and 2022, only Scope 1 and 2 emissions were reported, totalling approximately 55.4 million kg CO2e for both years.

KBC Group NV has set ambitious climate commitments. They aim for an 80% absolute reduction in Scope 1 and Scope 2 GHG emissions (from their own operations) by 2030, using 2015 as the baseline year. This target includes commuter travel. Furthermore, KBC Group NV aims to achieve complete climate neutrality for its own footprint from year-end 2021 by offsetting the remaining difference. For Scope 3 emissions related to their credit, investment, and insurance portfolio, which account for approximately 99% of their total carbon footprint, KBC Group NV has set targets to reduce these emissions by 75% by 2030 and 85% by 2050, relative to a 2021 baseline.