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Kbc Groep NV

Common Name
Kbc Groep
Country
Belgium
Sector
Financial Services
Industry
Banks - Regional
Employees
32,764
Ticker
KBC
Exchange
EURONEXT
Description
KBC Group NV is a leading financial institution headquartered in Brussels, Belgium, specializing as a universal, multi-channel bank-insurer. Its core operations span retail banking, private banking, i...

Kbc Groep's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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b
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b
0000000
Location-Based
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a
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b
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b
0000000
Total Scope 3
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a
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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b
0000000
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Verified Sources Behind Kbc Groep’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Kbc Groep’s data sources below and access millions more through our Disclosure Search.

a. Kbc Groep's Sustainability Report 2024
a. Kbc Groep's Sustainability Report 2024
b. Kbc Groep's Sustainability Report 2023
b. Kbc Groep's Sustainability Report 2023
c. Kbc Groep's Sustainability Report 2022
c. Kbc Groep's Sustainability Report 2022

Insights into Kbc Groep's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofKbc Groep amounted to76,078metric 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 Groepincreased by 18.5%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Kbc Groep's Scope 1 Emissions Over Time

2021202220232024015 k30 k45 k60 ktCO2e+58%-13%+40%
  • Total Scope 1
  • Year-over-Year Change

What are Kbc Groep's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Kbc Groep were 40,717 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Kbc Groep reduced its Scope 1 emissions over time?

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

What are Kbc Groep's Scope 2 emissions?

In 2024, Kbc Groep reported Scope 2 greenhouse gas (GHG) emissions of 4,626 tCOâ‚‚e using the market-based method and 35,361 tCOâ‚‚e using the location-based method.a

Has Kbc Groep reduced its Scope 2 emissions over time?

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

What methodology does Kbc Groep use for Scope 2 reporting?

In 2024, Kbc Groep reported its Scope 2 emissions using the market-based method and using the location-based method.a

Kbc Groep's Scope 2 Emissions Over Time

2021202220232024010 k20 k30 k40 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Kbc Groep's Value Chain Emissions

In 2024, Kbc Groep reported 45,825,058 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 5of 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

Kbc Groep's Scope 3 Emissions Over Time

2021202220232024015 M30 M45 M60 MtCO2e-1%0%-18%
  • Total Scope 3
  • Year-over-Year Change

What are Kbc Groep's Scope 3 emissions?

In 2024, Kbc Groep reported total Scope 3 emissions of 45,825,058 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

Has Kbc Groep reduced its Scope 3 emissions over time?

Since 2021, Kbc Groep's Scope 3 emissionshave 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

What categories of Scope 3 emissions does Kbc Groep disclose?

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.

What are the main sources of Kbc Groep's Scope 3 emissions?

In 2024, the largest contributors to Kbc Groep's Scope 3 emissions were:a

  • Investments (Cat. 15): 45,801,394 tCOâ‚‚e(99.95%)
  • Employee Commuting (Cat. 7): 16,794 tCOâ‚‚e(0.04%)
  • Business Travel (Cat. 6): 4,506 tCOâ‚‚e(0.01%)

Kbc Groep's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into Kbc Groep’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Kbc Groep reported Scope 1 greenhouse gas (GHG) emissions of 40,717 tCOâ‚‚e and total revenues of USD 11,604 millions. This translates into an emissions intensity of 3.51 tCOâ‚‚e per millions USD.a

Kbc Groep's Scope 1 Emissions Intensity Compared to Peers

505005,00050,000500,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)CSBDCCCredicorpYear: 2024Scope 1: 5,041 tCO2eRevenue: $M 1,590Scope 1 Intensity: 3.17 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MChina Everbright BankYear: 2024Scope 1: 2,872 tCO2eRevenue: $M 18,550Scope 1 Intensity: 0.15 tCO2e/$MErste Group BankYear: 2024Scope 1: 16,803 tCO2eRevenue: $M 11,337Scope 1 Intensity: 1.48 tCO2e/$MDanske BankYear: 2024Scope 1: 215 tCO2eRevenue: $M 7,875Scope 1 Intensity: 0.03 tCO2e/$MGrupo Financiero BanorteYear: 2024Scope 1: 3,115 tCO2eRevenue: $M 10,605Scope 1 Intensity: 0.29 tCO2e/$MSkandinaviska Enskilda BankenYear: 2024Scope 1: 695 tCO2eRevenue: $M 7,409Scope 1 Intensity: 0.09 tCO2e/$MMizrahi Tefahot BankYear: 2024Scope 1: 2,212 tCO2eRevenue: $M 4,018Scope 1 Intensity: 0.55 tCO2e/$MSSSumitomo Mitsui Trust GroupYear: 2023Scope 1: 4,472 tCO2eRevenue: $M 8,547Scope 1 Intensity: 0.52 tCO2e/$MBBBank of NingboYear: 2024Scope 1: 355 tCO2eRevenue: $M 9,124Scope 1 Intensity: 0.04 tCO2e/$MOTP BankYear: 2024Scope 1: 118,470 tCO2eRevenue: $M 6,856Scope 1 Intensity: 17.28 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MBRIYear: 2024Scope 1: 124,155 tCO2eRevenue: $M 10,838Scope 1 Intensity: 11.46 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MUniCreditYear: 2024Scope 1: 24,412 tCO2eRevenue: $M 27,659Scope 1 Intensity: 0.88 tCO2e/$MBank of NanjingYear: 2024Scope 1: 2,645 tCO2eRevenue: $M 6,764Scope 1 Intensity: 0.39 tCO2e/$MKotak Mahindra BankYear: 2025Scope 1: 15,508 tCO2eRevenue: $M 8,929Scope 1 Intensity: 1.74 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MNatWest GroupYear: 2024Scope 1: 9,402 tCO2eRevenue: $M 18,388Scope 1 Intensity: 0.51 tCO2e/$MPing An BankYear: 2024Scope 1: 14,386 tCO2eRevenue: $M 20,101Scope 1 Intensity: 0.72 tCO2e/$MSociete GeneraleYear: 2024Scope 1: 42,867 tCO2eRevenue: $M 54,642Scope 1 Intensity: 0.78 tCO2e/$MLloyds Banking GroupYear: 2024Scope 1: 20,441 tCO2eRevenue: $M 23,345Scope 1 Intensity: 0.88 tCO2e/$MItau Unibanco HoldingYear: 2024Scope 1: 19,405 tCO2eRevenue: $M 25,668Scope 1 Intensity: 0.76 tCO2e/$MDDDeutsche BankYear: 2024Scope 1: 16,978 tCO2eRevenue: $M 31,267Scope 1 Intensity: 0.54 tCO2e/$MKbc GroepYear: 2024Scope 1: 40,717 tCO2eRevenue: $M 11,604Scope 1 Intensity: 3.51 tCO2e/$M

How does Kbc Groep's GHG emissions intensity compare to its peers?

In 2024, Kbc Groep reported a Scope 1 emissions intensity of 3.51 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.76, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Kbc Groep rank on GHG emissions intensity within its industry?

In 2024, Kbc Groep ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Kbc Groep among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Kbc Groep's Total Carbon Footprint

In 2024, Kbc Groep reported a total carbon footprint of 45,901,136 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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