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 55 is higher than 76% 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 46,000,000 kg CO2e from Scope 1 and Scope 2 sources, with Scope 1 emissions at about 40,717,000 kg CO2e and Scope 2 emissions at approximately 4,626,000 kg CO2e (market-based). Additionally, Scope 3 emissions were significant, with business travel contributing about 4,506,000 kg CO2e and employee commuting at approximately 16,794,000 kg CO2e. KBC Group has set ambitious climate commitments, aiming for an 80% reduction in greenhouse gas emissions by 2030 compared to a 2015 baseline. This target encompasses both Scope 1 and Scope 2 emissions, including commuter travel. The company has achieved climate neutrality for its own operations since the end of 2021, offsetting any remaining emissions. In 2023, KBC Group's emissions included approximately 29,047,000 kg CO2e from Scope 1 and 3,394,000 kg CO2e from Scope 2 (location-based). The company continues to focus on reducing its carbon footprint and stimulating the greening of the economy, aligning with the Paris Climate Agreement to limit global warming to well below 2 °C, with aspirations for 1.5 °C. KBC Group's commitment to sustainability is reflected in its comprehensive approach to emissions reduction, with specific targets for both Scope 1 and Scope 2 emissions, aiming for a 30% reduction from a 2021 baseline by 2030. The data reported is not cascaded from any parent organization, ensuring that KBC Group's emissions figures are independently sourced.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 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 | 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.
