Belfius Sustainability Profile
Belfius Bank and Insurance, headquartered in Brussels, Belgium, is a prominent player in the financial services industry. Founded in 2011, the company emerged from the restructuring of Dexia and has since established itself as a key provider of banking and insurance solutions across Belgium. Belfius offers a diverse range of products, including retail banking, corporate banking, and insurance services, distinguished by their customer-centric approach and innovative digital solutions. The bank has achieved significant milestones, including a strong market position as one of Belgium's leading financial institutions, recognised for its commitment to sustainability and community support. With a focus on enhancing customer experience, Belfius continues to adapt to the evolving financial landscape, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Belfius'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
Belfius's score of 74 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Belfius's reported carbon emissions
In 2024, Belfius Bank SA reported total carbon emissions of approximately 230,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions amounted to about 1,873,000 kg CO2e, while Scope 2 emissions were approximately 1,545,000 kg CO2e. The majority of emissions were from Scope 3, totalling around 226,215,000 kg CO2e, which includes categories such as capital goods and downstream leased assets. Belfius has set ambitious reduction targets, aiming for a 25% decrease in its operational carbon footprint across Scope 1 and Scope 2 by 2025, compared to 2019 levels. Additionally, the bank is committed to reducing its overall carbon emissions, including Scope 3, by 20% by 2025. These initiatives are part of a broader strategy to enhance sustainability and reduce environmental impact. The bank's commitment to sustainability is further demonstrated by its goal to utilise 100% certified green electricity in all owned buildings by the end of 2025. This commitment reflects Belfius's proactive approach to addressing climate change and its alignment with industry standards for carbon reduction. Belfius's emissions data is cascaded from its parent organization, ensuring comprehensive reporting and accountability in its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,581,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,663,000 | 0,000,000 | 000,000 | 000,000 | 00,000 | 0,000,000 |
| Scope 3 | 7,289,000 | 0,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Belfius's Industry?
How Carbon Intensive is Belfius's Location?
Belfius's Scope 3 Categories Breakdown
Belfius's Scope 3 emissions, which decreased by 9% last year and increased significantly since 2019, 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 "Capital Goods" being the largest emissions source at 38% of Scope 3 emissions.
Top Scope 3 Categories
Belfius'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.
Belfius 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.
