Belfius

Belfius, a financial intermediation services company headquartered in Belgium, has disclosed its carbon emissions and climate commitments.

For 2024, Belfius reported total Scope 1 emissions of 1,873,000 kg CO2e, including approximately 486,000 kg CO2e from mobile combustion and 176,000 kg CO2e from fugitive emissions. Scope 2 emissions (location-based) were 1,545,000 kg CO2e, with 56,000 kg CO2e from purchased electricity. Scope 3 emissions totalled 226,215,000 kg CO2e. Key contributors to Scope 3 included approximately 100,428,000 kg CO2e from upstream transportation and distribution, 86,712,000 kg CO2e from capital goods, and 55,169,000 kg CO2e from downstream leased assets.

In 2023, Belfius's Scope 1 emissions were 2,137,000 kg CO2e, Scope 2 (location-based) were 1,685,000 kg CO2e, and Scope 3 emissions reached 249,339,000 kg CO2e. This data is directly from Belfius Bank SA.

Belfius has set several near-term reduction targets for its operational emissions. It aims to reduce the carbon footprint of its own operations (Scope 1 and 2) by 25% between 2019 and 2025. Additionally, Belfius intends to reduce its operational carbon footprint, covering Scope 1, Scope 2, and Scope 3 emissions (excluding financed emissions), by 20% by 2025, using a 2019 baseline. A specific target for Scope 1 emissions aims for a 25% reduction by 2025 compared to a 2020 baseline, focusing on reducing kilometres driven and transitioning to a greener fleet. Similarly, for Scope 2, there is a 25% reduction target by 2025 from a 2020 baseline. Furthermore, Belfius has a goal to reduce its average company vehicle emissions (Scope 1 and 2 intensity) by 50% by 2025, compared to a 2019 baseline. Belfius also aims to use 100% certified green electricity in all owned buildings and for its operations by the end of 2025.

Belfius Bank SA had a "Committed" status for near-term targets with the Science Based Targets initiative (SBTi) as of January 2022, but this commitment was later removed.