- Supply chain disruptions due to climate events and automotive industry issues.
- Data limitations in assessing carbon footprint and ESG risks.
- Lack of understanding among consumers regarding energy transition.
Belfius Bank
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Belfius Bank disclosed greenhouse gas emissions of 19.7M tCO2e/year (market based). By scope: Scope 1: 5.3K tCO2e/year; Scope 2: 104 tCO2e/year (market based); Scope 3: 19.5M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
19.7M tCO2e/year (market based)
2023
Renewable Energy
95% of electricity consumption
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 5.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 104 tCO2e/year (market based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 19.5M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 19.7M tCO2e/year (market based) |
| 2022 | 20.5M tCO2e/year (including financed emissions) |
| 2020 | 11.3K tCO2e/year |
| 2012 | 73.9K tCO2e/year (incomplete data) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reached a 31% decrease in carbon footprint of Belfius’ internal operations vs 2019 baseline.
- Achieved 95% renewable electricity consumption for own operations.
- Reduced gas consumption by 26%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Reduce waste production by 50% between 2019 and 2025.
📅 Medium-term
- Achieve 100% renewable electricity by 2025.
- 50% reduction in average CO2 emissions of Belfius Auto Lease fleet by 2025 vs 2019.
🌱 ESG Focus Areas
Climate ChangeEnvironmental RiskResponsible Business ConductCommunity InvolvementHuman ResourcesMeaningful InvestingHuman RightsData PrivacyInformation SecurityFinancial Inclusion