KBC Group NV Sustainability Profile
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 47 is higher than 66% 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 2024, KBC Group NV reported total carbon emissions of approximately 69,007,000 kg CO2e. This figure includes 40,717,000 kg CO2e from Scope 1 emissions, 4,626,000 kg CO2e from Scope 2 emissions, and 23,664,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions by 80% by 2030, compared to a 2015 baseline, encompassing both Scope 1 and Scope 2 emissions. KBC aims to achieve complete climate neutrality for its own operations by the end of 2021, offsetting any remaining emissions. In 2023, KBC's emissions in Belgium were reported at 25,901,000 kg CO2e, while in Hungary, they were 5,554,000 kg CO2e, and in the Czech Republic, 13,736,000 kg CO2e. The company has consistently disclosed its emissions data across various scopes, demonstrating a commitment to transparency and accountability in its climate strategy. KBC Group NV's climate commitments reflect a proactive approach to sustainability, aligning with industry standards and expectations for corporate responsibility in addressing climate change.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | - | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 |
How Carbon Intensive is KBC Group NV's Industry?
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KBC Group NV's Scope 3 Categories Breakdown
KBC Group NV's Scope 3 emissions, which increased by 45% last year and decreased by approximately 9% since 2016, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 71% of Scope 3 emissions.
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KBC Group NV'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 Group NV 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.
