Belfius

Belfius's reported carbon emissions

Belfius, a financial intermediation services provider headquartered in Belgium, reported a total of approximately 229.8 billion kg CO2e in emissions for 2024, encompassing Scope 1, 2, and 3. This figure includes approximately 1.87 million kg CO2e for Scope 1 and approximately 1.55 million kg CO2e for Scope 2. Scope 3 emissions were significantly higher, totalling approximately 226.2 billion kg CO2e, with downstream leased assets and capital goods being the largest contributing categories. For 2023, Belfius's total emissions were approximately 251.5 billion kg CO2e. This comprised approximately 2.14 million kg CO2e in Scope 1 and approximately 1.69 million kg CO2e in Scope 2, with Scope 3 emissions at approximately 249.3 billion kg CO2e. Belfius has set several reduction targets. The company aims to reduce the carbon footprint of its own operations (Scope 1, 2, and 3, excluding financed emissions) by 20% by 2025, using 2019 as a baseline. Additionally, there is a target to achieve a 25% reduction in CO2 emissions by 2025, also from a 2019 baseline, through measures such as reducing fleet kilometres and optimising its vehicle fleet. Belfius also intends to use 100% certified green electricity in all owned buildings by the end of 2025. Information regarding data cascading indicates that Belfius operates as a current subsidiary of Belfius Bank SA, and its emissions data and reduction initiatives are inherited from this parent organisation. Belfius Bank SA has shown commitment to SBTi targets.