KBC Group NV

KBC Group NV, headquartered in Belgium and operating in financial intermediation services, is actively engaged in reducing its carbon footprint. For the year 2025, KBC Group NV reported total emissions of approximately 57.3 billion kg CO2e. This figure includes Scope 1 emissions amounting to about 36.6 million kg CO2e, Scope 2 market-based emissions of approximately 5.4 million kg CO2e, and Scope 2 location-based emissions of around 30.7 million kg CO2e. Scope 3 emissions for 2025 were reported at approximately 21.5 million kg CO2e, specifically comprising about 4.1 million kg CO2e from business travel, 16.1 million kg CO2e from employee commutes, 1.3 million kg CO2e from purchased goods and services, and about 0.8 million kg CO2e from waste generated in operations.

In 2024, total emissions were approximately 62.1 billion kg CO2e, with Scope 1 at about 40.7 million kg CO2e, Scope 2 market-based at approximately 4.6 million kg CO2e, and Scope 2 location-based at around 35.4 million kg CO2e. Scope 3 emissions for 2024 totalled approximately 22.1 million kg CO2e, including about 4.5 million kg CO2e from business travel, 16.8 million kg CO2e from employee commutes, 1.6 million kg CO2e from purchased goods and services, and about 0.8 million kg CO2e from waste.

KBC Group NV has set ambitious climate targets. The company aims for an 80% reduction in its greenhouse gas emissions by 2030, compared to a 2015 baseline. This target encompasses both Scope 1 and Scope 2 emissions, including commuter travel. Furthermore, KBC Group NV is working towards achieving net climate neutrality for its own operations, with a goal set from the end of 2021, by offsetting the difference. The company also has a significant target for its upstream Scope 3 emissions related to clients' portfolios, aiming for a 75% reduction by 2030 and an 85% reduction by 2050, relative to its 2021 baseline, as these represent approximately 99% of its total carbon footprint.