KBC Group NV

KBC Group NV, headquartered in Belgium and operating in financial intermediation services, has reported its carbon emissions for several years. For the reporting year 2025, KBC Group NV's total reported emissions were approximately 56,788,000 kg CO2e. This figure includes Scope 1 emissions of about 36,625,000 kg CO2e and Scope 2 market-based emissions of approximately 5,402,000 kg CO2e. Scope 3 emissions for 2025 included about 4,096,000 kg CO2e from business travel, 16,062,000 kg CO2e from employee commute, 1,284,000 kg CO2e from purchased goods and services, and 786,000 kg CO2e from waste generated in operations.

In the reporting year 2024, the total reported emissions were approximately 63,805,000 kg CO2e. This comprised Scope 1 emissions of about 40,717,000 kg CO2e and Scope 2 market-based emissions of approximately 4,626,000 kg CO2e. Scope 3 emissions for 2024 included 4,506,000 kg CO2e from business travel, 16,794,000 kg CO2e from employee commute, 1,552,000 kg CO2e from purchased goods and services, and 812,000 kg CO2e from waste generated in operations.

For the reporting year 2023, KBC Group NV reported Scope 1 and 2 emissions totalling approximately 55,377,000 kg CO2e. Similarly, for the reporting year 2022, Scope 1 and 2 emissions were about 55,417,000 kg CO2e.

Looking back, KBC Group NV reported Scope 1 emissions of approximately 21,038,000 kg CO2e and Scope 2 market-based emissions of around 4,076,000 kg CO2e for the reporting year 2021. Scope 3 emissions for 2021 included approximately 828,000 kg CO2e for business travel, 12,522,000 kg CO2e for employee commute, 1,947,000 kg CO2e for purchased goods and services, and 945,000 kg CO2e for waste generated in operations.

In 2020, Scope 1 emissions were approximately 25,200,000 kg CO2e, and Scope 2 market-based emissions were around 11,748,000 kg CO2e. Scope 3 emissions for 2020 included 2,332,000 kg CO2e from business travel, 17,418,000 kg CO2e from employee commute, 2,042,000 kg CO2e from purchased goods and services, and 791,000 kg CO2e from waste generated in operations.

For 2019, total Scope 1 emissions were about 34,739,000 kg CO2e, and Scope 2 market-based emissions were approximately 17,006,000 kg CO2e. Scope 3 emissions for 2019 included 4,873,000 kg CO2e from business travel, 21,561,000 kg CO2e from employee commute, 2,651,000 kg CO2e from purchased goods and services, and 229,000 kg CO2e from waste generated in operations.

In 2018, the total emissions were approximately 85,588,290 kg CO2e, consisting of Scope 1 emissions of about 37,629,050 kg CO2e, Scope 2 emissions of approximately 22,955,060 kg CO2e, and Scope 3 emissions of about 25,004,190 kg CO2e.

KBC Group NV has set ambitious climate commitments. The company is aiming for an 80% reduction in greenhouse gas (GHG) emissions by 2030, compared to a 2015 baseline, encompassing Scope 1, 2, and employee commuter travel. Furthermore, KBC Group NV aims to achieve net climate neutrality for its own operations from the end of 2021 onwards, by offsetting the difference. For its clients' emissions within its credit, investment, and insurance portfolios (Scope 3 upstream), which represent approximately 99% of its total carbon footprint, KBC has set a target to reduce these emissions by 75% by 2030 and by 85% by 2050, relative to a 2021 baseline. The company is actively monitoring its progress towards these targets.