In 2024, Kbc Groep completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Kbc Groep has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 40,717a | 29,047b | 33,257b | |
Total Scope 2 | ||||
Market-Based | 4,626a | 3,995b | 3,484b | |
Location-Based | 35,361a | 35,152b | 34,842b | |
Total Scope 3 | 45,825,058a | 56,081,123b | 56,213,622b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.5089a | 2.4367b | 3.1004b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Kbc Groep amounted to 76,078 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Kbc Groep increased by 18.5%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Kbc Groep were 40,717 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Kbc Groep's Scope 1 emissions have increased by 93.54%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Kbc Groep's Scope 1 emissions increased by 40.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Kbc Groep reported Scope 2 greenhouse gas (GHG) emissions of 4,626 tCO₂e using the market-based method and 35,361 tCO₂e using the location-based method.a
Since 2021, Kbc Groep's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Kbc Groep's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year (2023), Kbc Groep's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Kbc Groep's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Kbc Groep reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Kbc Groep reported 45,825,058 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Kbc Groep includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Kbc Groep reported total Scope 3 emissions of 45,825,058 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.05% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.95% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Kbc Groep's Scope 3 emissions have decreased by 19.69%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Kbc Groep's Scope 3 emissions decreased by 18.29%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Kbc Groep reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Kbc Groep's Scope 3 emissions were:a
In 2024, Kbc Groep reported Scope 1 greenhouse gas (GHG) emissions of 40,717 tCO₂e and total revenues of USD 11,604 millions. This translates into an emissions intensity of 3.51 tCO₂e per millions USD.a
In 2024, Kbc Groep reported a Scope 1 emissions intensity of 3.51 tCO₂e per millions USD. Compared to the peer group median of 0.84, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Kbc Groep ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Kbc Groep among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Kbc Groep reported a total carbon footprint of 45,901,136 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.25% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Kbc Groep's total carbon footprint was Scope 3 emissions, accounting for 99.83% of the company's total carbon footprint, followed by Scope 1 emissions at 0.09%.a