Belfius Bank and Insurance, commonly referred to as Belfius, is a prominent financial institution headquartered in Brussels, Belgium. Established in 2011, the company emerged from the restructuring of Dexia and has since positioned itself as a key player in the financial intermediation services sector, specifically excluding insurance and pension funding services.
Belfius offers a diverse range of products and services, including retail banking, corporate banking, and investment solutions, tailored to meet the needs of both individual and business clients. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a strong presence across Belgium, Belfius has achieved notable milestones, including recognition for its digital banking initiatives and sustainable finance efforts, solidifying its reputation as a trusted financial partner.
+27 vs industry average
Belfius’s score of 64 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Belfius's reported carbon emissions
Belfius, a financial intermediary headquartered in Belgium, reported approximately 227.9 million kg CO2e in Scope 1 and 2 emissions for 2024, alongside substantial Scope 3 emissions. The total disclosed emissions for 2024 reached approximately 230.1 million kg CO2e, comprising Scope 1 emissions of about 1.9 million kg CO2e, Scope 2 emissions of approximately 1.5 million kg CO2e, and Scope 3 emissions of about 226.2 million kg CO2e.
In 2023, total emissions were approximately 251.5 million kg CO2e, with Scope 1 emissions at about 2.1 million kg CO2e, Scope 2 emissions at approximately 1.7 million kg CO2e, and Scope 3 emissions at around 249.3 million kg CO2e.
Belfius has established several climate commitments, including a near-term goal to reduce the carbon footprint of its own operations by 20% to 25% by 2025, using 2019 as a baseline. This covers Scope 1, Scope 2, and Scope 3 emissions, excluding financed emissions. Additionally, the company aims to use 100% certified green electricity in all its owned buildings by the end of 2025. Furthermore, Belfius has a specific target to reduce its average company vehicle emissions by 50% by 2025, based on a 2019 baseline.
Belfius's climate targets are cascaded from its ultimate parent organization, Belfius Bank SA. While Belfius Bank SA has been noted as committed to near-term targets, some commitments have been withdrawn or removed according to available data from 2022 and 2024, with a deadline of January 2024 to submit targets.
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Belfius’s Climate Goals (2030 & 2050)
6 goals2025
20% reduction in scope 3 total
Belfius aims to reduce its operational carbon footprint covering Scope 1, Scope 2 and Scope 3 emissions (excluding financed emissions) by 20…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
13 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Belfius’s sustainability data and climate commitments
Data year: 2024
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