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 63 is higher than 79% 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 45,901,136,000 kg CO2e. This includes Scope 1 emissions of about 40,717,000 kg CO2e, Scope 2 emissions of approximately 4,626,000 kg CO2e, and significant Scope 3 emissions totalling around 45,825,058,000 kg CO2e, which encompasses categories such as business travel and employee commuting. 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 applies to both Scope 1 and Scope 2 emissions, with the goal of achieving complete climate neutrality for its own operations by the end of 2021 through offsetting any remaining emissions. The company has made progress towards these targets, as indicated by their commitment to reducing emissions from their own operations to approximately 34,147,000 kg CO2e by 2030. The emissions data is not cascaded from any parent organization, and all figures are reported directly by KBC Group NV. The company continues to focus on enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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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 | 00,000,000 | 00,000,000 | 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 | 00,000,000,000 |
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 significantly last year and increased significantly since 2015, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
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.
