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 prominent financial services conglomerate that primarily operates in the banking and insurance sectors. Based in Belgium, the company provides a comprehensive range of financial prod...

Kbc Groep's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 2023
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b. Kbc Groep's Sustainability Report 2022
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Insights into Kbc Groep's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Kbc Groep amounted to 64,199 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 2022, the total operational greenhouse gas (GHG) emissions of Kbc Groep decreased by 5.73%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Kbc Groep's Scope 1 Emissions Over Time

20212022202308.5 k17 k25.5 k34 ktCO2e+58%-13%
  • Total Scope 1
  • Year-over-Year Change

What are Kbc Groep's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Kbc Groep were 29,047 metric tons of CO₂ equivalent (tCO₂e). a

Has Kbc Groep reduced its Scope 1 emissions over time?

Since 2021, Kbc Groep's Scope 1 emissions have increased by 38.07%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Kbc Groep's Scope 1 emissions decreased by 12.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Kbc Groep's Scope 2 emissions?

In 2023, Kbc Groep reported Scope 2 greenhouse gas (GHG) emissions of 3,995 tCO₂e using the market-based method and 35,152 tCO₂e 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. a b

Compared to the previous year (2022), 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. a

What methodology does Kbc Groep use for Scope 2 reporting?

In 2023, 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

202120222023010 k20 k30 k40 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Kbc Groep's Value Chain Emissions

In 2023, Kbc Groep reported 56,081,123 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 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Kbc Groep's Scope 3 Emissions Over Time

202120222023015 M30 M45 M60 MtCO2e-1%0%
  • Total Scope 3
  • Year-over-Year Change

What are Kbc Groep's Scope 3 emissions?

In 2023, Kbc Groep reported total Scope 3 emissions of 56,081,123 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.04% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.96% 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 emissions have remained relatively stable, indicating that Kbc Groep 's emissions have plateaued with no significant change in its value chain footprint. a b

Compared to the previous year (2022), Kbc Groep's Scope 3 emissions remained relatively stable, indicating that Kbc Groep 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Kbc Groep disclose?

In 2023, 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 2023, the largest contributors to Kbc Groep's Scope 3 emissions were: a

  • Investments (Cat. 15): 56,058,787 tCO₂e (99.96%)
  • Employee Commuting (Cat. 7): 16,663 tCO₂e (0.03%)
  • Business Travel (Cat. 6): 3,531 tCO₂e (0.01%)

Kbc Groep's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

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

In 2023, Kbc Groep reported Scope 1 greenhouse gas (GHG) emissions of 29,047 tCO₂e and total revenues of USD 11,921 millions. This translates into an emissions intensity of 2.44 tCO₂e per millions USD. a

Kbc Groep's Scope 1 Emissions Intensity Compared to Peers

505005,00050,000500,000Scope 1 Emissions (tCO2e)1,0002,00010,00050,000200,000Revenues (Millions of USD)CDBank of JiangsuYear: 2023Scope 1: 11,077 tCO2eRevenue: $M 10,450Scope 1 Intensity: 1.06 tCO2e/$MUnited Overseas BankYear: 2023Scope 1: 4,800 tCO2eRevenue: $M 10,554Scope 1 Intensity: 0.45 tCO2e/$MHana Financial GroupYear: 2023Scope 1: 7,816 tCO2eRevenue: $M 10,298Scope 1 Intensity: 0.76 tCO2e/$MAxis BankYear: 2024Scope 1: 16,000 tCO2eRevenue: $M 9,186Scope 1 Intensity: 1.74 tCO2e/$MCCCredicorpYear: 2023Scope 1: 2,321 tCO2eRevenue: $M 5,292Scope 1 Intensity: 0.44 tCO2e/$MChina Minsheng BankingYear: 2023Scope 1: 7,641 tCO2eRevenue: $M 19,812Scope 1 Intensity: 0.39 tCO2e/$MDanske BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 8,375Scope 1 Intensity: 0.02 tCO2e/$MGrupo Financiero BanorteYear: 2023Scope 1: 3,425 tCO2eRevenue: $M 11,489Scope 1 Intensity: 0.30 tCO2e/$MSkandinaviska Enskilda BankenYear: 2023Scope 1: 796 tCO2eRevenue: $M 7,952Scope 1 Intensity: 0.10 tCO2e/$MKeyCorpYear: 2023Scope 1: 9,803 tCO2eRevenue: $M 6,215Scope 1 Intensity: 1.58 tCO2e/$MBRIYear: 2023Scope 1: 130,529 tCO2eRevenue: $M 10,793Scope 1 Intensity: 12.09 tCO2e/$MCitizens Financial GroupYear: 2023Scope 1: 8,765 tCO2eRevenue: $M 8,224Scope 1 Intensity: 1.07 tCO2e/$MUniCreditYear: 2024Scope 1: 24,412 tCO2eRevenue: $M 27,659Scope 1 Intensity: 0.88 tCO2e/$MResona HoldingsYear: 2023Scope 1: 4,898 tCO2eRevenue: $M 5,619Scope 1 Intensity: 0.87 tCO2e/$MChina Citic BankYear: 2024Scope 1: 6,778 tCO2eRevenue: $M 29,151Scope 1 Intensity: 0.23 tCO2e/$MJapan Post BankYear: 2023Scope 1: 4,301 tCO2eRevenue: $M 11,852Scope 1 Intensity: 0.36 tCO2e/$MRegions FinancialYear: 2023Scope 1: 6,027 tCO2eRevenue: $M 7,574Scope 1 Intensity: 0.80 tCO2e/$MFifth Third BancorpYear: 2023Scope 1: 9,859 tCO2eRevenue: $M 8,410Scope 1 Intensity: 1.17 tCO2e/$MSociete GeneraleYear: 2024Scope 1: 42,867 tCO2eRevenue: $M 54,642Scope 1 Intensity: 0.78 tCO2e/$MItau Unibanco HoldingYear: 2023Scope 1: 19,208 tCO2eRevenue: $M 30,591Scope 1 Intensity: 0.63 tCO2e/$MDDDeutsche BankYear: 2024Scope 1: 16,978 tCO2eRevenue: $M 31,267Scope 1 Intensity: 0.54 tCO2e/$MSPD BankYear: 2023Scope 1: 900 tCO2eRevenue: $M 24,390Scope 1 Intensity: 0.04 tCO2e/$MKbc GroepYear: 2023Scope 1: 29,047 tCO2eRevenue: $M 11,921Scope 1 Intensity: 2.44 tCO2e/$M

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

In 2023, Kbc Groep reported a Scope 1 emissions intensity of 2.44 tCO₂e per millions USD. Compared to the peer group median of 0.69, 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 2023, Kbc Groep ranked 22 out of 22 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

Insights into Kbc Groep's Total Carbon Footprint

In 2023, Kbc Groep reported a total carbon footprint of 56,145,322 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.24% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Kbc Groep's total carbon footprint was Scope 3 emissions, accounting for 99.89% of the company's total carbon footprint, followed by Scope 2 emissions at 0.06%. a

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