KBC Group NV
KBC Group NV, a prominent financial services provider headquartered in Belgium, has established itself as a leader in the banking and insurance sectors. Founded in 1998, KBC has evolved through strategic mergers and acquisitions, enhancing its presence across Central and Eastern Europe, particularly in countries like the Czech Republic and Hungary. The company offers a diverse range of products and services, including retail banking, asset management, and life and non-life insurance, distinguished by its customer-centric approach and innovative digital solutions. KBC Group's commitment to sustainability and responsible banking has solidified its market position, earning recognition for its robust financial performance and customer satisfaction. With a focus on integrating banking and insurance services, KBC continues to set benchmarks in the industry, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does KBC Group NV'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 Group NV's score of 57 is higher than 98% 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 Group NV's reported carbon emissions
In 2023, KBC Group NV reported significant carbon emissions, with a total of approximately 55,377,000 kg CO2e globally. This includes 29,047,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. The company has set ambitious targets to reduce its greenhouse gas emissions by 80% by 2030, using 2015 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, reflecting a commitment to significantly lower its operational carbon footprint. Regionally, KBC's emissions in Belgium amounted to about 25,901,000 kg CO2e in 2023, while in Hungary, emissions were approximately 5,554,000 kg CO2e. The company is also focusing on Scope 3 emissions, which include indirect emissions from its value chain, with a goal of achieving a 50% share of renewables in its total energy credit portfolio by 2030. KBC's climate commitments are aligned with industry standards, aiming for a 65% reduction in direct GHG emissions by 2040 and a 90% share of green electricity by 2030. These initiatives demonstrate KBC Group NV's proactive approach to addressing climate change and reducing its environmental impact.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 76,054,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 61,662,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 33,019,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
KBC Group NV is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
