Our Corporate Sustainability Governance:
Driven by a renewed sustainability strategy, KBC has the ambition to embed sustainability into the strategic decision-making and core business operations throughout the entire Group. Therefore, aligned with our ambition, we adapted our Sustainability Governance model in 2015 as a key driver for implementing sustainability. The organisational structure is now anchored at different levels within the Group, ensuring that sustainability receives the highest level of attention and that it is integrated on a broad business basis (Board level, Executive Management level, Group level and Business & Country level).
Alongside our internal organisation, we have set up external boards of experts to advise KBC in the different areas of sustainability.
- An External Sustainability Board (ESB), composed of academic experts, advises the Corporate Sustainability Department on the development of KBC policies.
- An SRI Advisory Board, also composed of academic experts, acts as an independent body regarding SRI funds. The Board oversees the screening of the socially responsible nature of SRI funds offered by KBC Asset Management.
- The Sustainability Advisory Board (SAB), on which the Chairman of the Board of Directors and the KBC Group CEO both sit, is composed of external opinion leaders and sustainability experts and challenges and inspires KBC top management regarding its sustainability policies and initiatives.