Our direct environmental footprint

We have been measuring our group-wide, direct emissions since 2015. And we have had targets in place for reducing our direct environmental footprint ever since. Having accomplished significant reductions in our GHG emissions, in 2021, we achieved net climate neutrality in GHG emissions from our own operations by offsetting the remaining emissions. Each year, we carry out three steps to achieve this goal: measure, reduce, offset.

Indicator Doel 2022 2021 2020 2019
Total CO2e emissions from own operations in tonnes CO2e

-80% for the 2015-2030 period

-70%(1) -71% -56% -42%
Renewable electricity consumption in % 100% by 2030 100% 100% 87% 83%
Carbon credits purchased (in % of remaining GHG emissions from own operations) Net climate neutrality as of 2021 100% 100% - -

(1) In 2022, the 2015 base year was recalculated in accordance with the GHG protocol guidance on the recalculation of base-year emissions. These results [A1] reflect the structural changes in the reporting organisation in 2022 (i.e. the acquisition of Raiffeisen Bank in Bulgaria) and methodological changes (i.e. conversion factors used for business and commuter travel by car based on WLTP values, instead of NEDC values going forward). The reduction percentage for the previous years is in comparison to the previous baseline, prior to the 2022 restatement. 

1. Measure

We have been calculating the GHG emissions arising from our own operations at
group level since 2015. These calculations provide insight into our direct impact on the climate and help to identify the main sources of our impact.

Each year since 2016, an external party has verified the data and methodology for the calculations to a level of reasonable assurance and in accordance with ISO 14064-3.

Vinçotte has verified KBC Group's greenhouse gas statement of 43,881.97 tonnes of CO2e to a level of reasonable assurance. The reported greenhouse gas emissions of KBC Group for 2022 were also assessed as being reliable and fairly stated.

View our 2022 ISO 14064-3 certificate. 

 

For building BRUhav2 (Brussels, Belgium) we are EMAS certified.

The EU Eco-Management and Audit Scheme (EMAS) is a premium management instrument developed by the European Commission for companies and other organisations to evaluate, report, and improve their environmental performance.

View the Statement of participation (in Dutch) and the Public environmental statement (in Dutch). 

2. Reduce

We have implemented an ISO 14001-compliant environmental management system in all core countries to manage and reduce our direct environmental impact. Some entities have also chosen introduce an ISO 50001-compliant energy management system to help efficiently reduce their energy use.

Our current target is to achieve an 80% reduction in our direct emissions by 2030, as compared to 2015. We have also committed to increasing our own green electricity consumption to 100% by 2030 – a goal we achieved in 2021.

By 2022, KBC Group’s direct environmental footprint had already decreased by 70% compared to 2015. This reduction is due to a number of factors including a switch to greener mobility, waste reduction and the switch to 100% green electricity consumption.

ISO 14001 Certificates

Country Legal Entity Validity
BE KBC Group NV 27-10-2024
  CBC Banque 03-12-2023
BG UBB AD 18-12-2025
  UBB Interlease EAD 13-12-2025
  DZI General Insurance 18-12-2025
  DZI Life Insurance 18-12-2025
CZ Československá Obchodní Banka a.s. CZ 27-06-2023
HU KBC Asset Management N.V. Magyarországi Fióktelepe 02-12-2025
  KBC Global Services NV Magyarországi Fióktelepe 02-12-2025
  KBC Securities Magyarországi Fióktelepe 02-12-2025
  K&H Bank Zrt 02-12-2025
  K&H Biztosító Zrt 02-12-2025
  K&H Csoportszolgáltató Központ Kft 02-12-2025
  K&H Faktor Pénzügyi Zrt 02-12-2025
  K&H Jelzálogbank Zrt 02-12-2025
  K&H Pénzforgalmi Kft 02-12-2025
SK ČSOB a.s. 01-12-2023

ISO 50001 Certificates

Country Legal Entity Validity
BE KBC Groep NV 27-10-2024
CZ Československá Obchodní Banka a.s. CZ 06-07-2025
HU KBC Asset Management N.V. Magyarországi Fióktelepe 02-12-2025
  KBC Global Services NV Magyarországi Fióktelepe 02-12-2025
  KBC Securities Magyarországi Fióktelepe 02-12-2025
  K&H Bank Zrt 02-12-2025
  K&H Biztosító Zrt 02-12-2025
  K&H Csoportszolgáltató Központ Kft 02-12-2025
  K&H Faktor Pénzügyi Zrt 02-12-2025
  K&H Jelzálogbank Zrt 02-12-2025
  K&H Pénzforgalmi Kft 02-12-2025
SK ČSOB a.s. 01-12-2024

3. Carbon offsetting

In 2021, we began offsetting direct GHG emissions that could not yet be eliminated in order to achieve net climate neutrality with respect to our direct carbon footprint.

Each year, we select projects of the highest quality that are certified under the most stringent standards (i.e. Gold Standard or the Verified Carbon Standard combined with Climate, Community and Biodiversity Standards). This is how we invest in projects that address climate change, whilst simultaneously ensuring additional benefits for local communities and biodiversity conservation.

For further information on our direct footprint measurements, reduction strategy
and carbon offsetting, please see the KBC Group Sustainability Report.