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 80 is higher than 89% 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 totalled about 1,873,000 kg CO2e, while Scope 2 emissions were around 1,545,000 kg CO2e. The majority of emissions stemmed from Scope 3, which accounted for approximately 226,215,000 kg CO2e, highlighting the extensive impact of their supply chain and operational activities. Belfius has set ambitious reduction targets, aiming for a 25% decrease in its carbon footprint from its own operations (Scope 1 and 2) by 2025, based on 2019 levels. Additionally, they are targeting a 20% reduction in overall operational carbon emissions, including Scope 3, by the same year. These initiatives are part of a broader commitment to sustainability, including the goal of using 100% certified green electricity in all owned buildings by the end of 2025. The emissions data for 2023 indicated a total of approximately 249,000,000 kg CO2e, with Scope 1 emissions at about 2,137,000 kg CO2e and Scope 2 emissions at approximately 1,685,000 kg CO2e. This reflects a slight decrease in Scope 1 emissions compared to 2022, where total emissions were around 442,716,000 kg CO2e, with Scope 1 emissions at approximately 5,491,000 kg CO2e. Belfius's climate commitments are further supported by their partnership with CO2logic, which aids in executing their reduction strategies. The bank's efforts are part of a growing trend among financial institutions to address climate change proactively, although they have withdrawn some previous commitments to the Science Based Targets initiative (SBTi). Overall, Belfius is actively working towards reducing its carbon emissions and enhancing its sustainability practices, aligning with industry standards and expectations for corporate responsibility in climate action.
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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.
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Frequently Asked Questions
Common questions about Belfius's sustainability data and climate commitments