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2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-12-14 00:00:00
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"Trust Us, We're Equator Banks": Part I
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Banking on Climate Change - Fossil Fuel Finance Report 2020
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Last update: 2020-03-05 11:59:11

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KBC head offices in Brussels. Photo: Google Earth/Streetview

About KBC

KBC was established in 1998 from a merger between two Belgian banks, the Kredietbank and CERA Bank, and the Belgian insurance company ABB. KBC is an integrated bank-insurance group, catering mainly to retail customers, small and medium-sized enterprises and private banking clients. It operates in its home markets of Belgium and Central and Eastern Europe, where it specialises in retail bank-insurance and asset management activities, as well as in the provision of services to businesses. The group is also active in a selection of other countries in Europe in private banking and services to businesses.

Website https://www.kbc.com
Headquarters
Havenlaan 2
1080 Brussels
Belgium
CEO/chair Johan Thijs
CEO
Supervisor
Nationale Bank van België
Annual report Annual report 2019
Ownership
listed on Euronext Brussels

KBC's shareholder structure can be accessed here.

Related Dodgy Deals

KBC has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

All
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Targets
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Active profiles
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On record profiles

Policy Assessments

Banks, climate and energy

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
KBC
2020-03-01
BEL
3.5
3.5
0
Belgium
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

1.5 points for a weak exclusion of tar sands projects: KBC prohibits financing for tar sands exploration and development projects, but not infrastructure.

2 points for a weak exclusion threshold for tar sands companies: KBC prohibits financing for "stand-alone specialist companies that are solely active in the development and extraction of oil and gas fields," which includes some tar sands companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-09-30 00:00:00

Energy credit, insurance and advisory services policy

2019-09-30 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

These Are the Banks Caught Up in the Russia Money-Laundering Scandal

2019-03-06 | Bloomberg
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

Fossil fuel protest by Greenpeace

KBC has already amended its Energy Credit Policy
2018-05-03 | KBC
blog
external news
our news

Apartheids Banks: Civil society groups demand accountability for apartheid profiteers

2018-04-19 | Brussels | Centre for Applied Legal Studies (CALS), Open Secrets
blog
external news
our news

BOOK EXTRACT: The apartheid arms money machine

2017-05-14 | News24
blog
external news
our news

Belgian bank KBC’s new sustainability policy: a mixed bag

2016-09-22 | Brussels | FairFin
blog
external news
our news

KBC revamps groupwide sustainability framework

2016-09-12 | KBC
blog
external news
our news

BNP Paribas, Deutsche Bank and ING invest €1.34 billion in coal

FairFin, Climaxi and BankTrack ask for green investments
2014-06-03 | Brussels | FairFin
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

KBC implements new Climate Change Policy

2011-12-22 | Belgium | KBC
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Nam Theun 2 inauguration hides real costs of controversial Equator Principles project

More than 100,000 people continue to suffer project impacts
2010-12-07 | Laos | International Rivers
blog
external news
our news

World Bank-backed dam powers ahead, despite social cost

2010-12-07 | Bangkok | Inter Press Service
blog
external news
our news

Villages make way for new hydro project

2010-08-05 | Vientiane
blog
external news
our news

Bankruptcy threatens banks operating in Belgium

Netwerk Vlaanderen calls to halt investments in coal plants
2010-06-02 | Brussels/ Ghent | Netwerk Vlaanderen
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Laos’ Nam Theun 2 dam operation illegal

Equator Principles project begins selling power to Thailand in violation of Concession Agreement and obligations to affected communities
2010-03-23 | Laos | International Rivers
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Theun Hinboun hydropower plant expansion progresses

2009-12-08 | Vientiane, Laos | International Rivers
blog
external news
our news

"Sustainable Finance" undermines food security of Lao communities

ANZ, BNP Paribas and KBC investment in Theun-Hinboun dam violates Equator Principles and Lao law
2009-11-17 | Laos | International Rivers
blog
external news
our news

Must be forced to move 4000 indigenous

2009-11-13 | (English translation with Google-translate of Norwegian article) | Tekniskukeblad
blog
external news
our news

Må tvangsflytte 4000 urfolk

Statkrafts vannkraftprosjekt i Laos vil få alvorlige følger for over 50 000 mennesker, og 4000 urfolk blir tvangsflyttet, ifølge internasjonale organisasjoner.
2009-11-13 | Norway | International Rivers
blog
external news
our news

BNP Paribas: very high risk of harmful investments

New research from Netwerk Vlaanderen shows need for regulation of the banking industry
2009-03-19 | Brussels | Netwerk Vlaanderen
blog
external news
our news

Banks shun harmful investments

New report shows examples of pioneering banks
2008-06-11 | Brussels | Netwerk Vlaanderen
blog
external news
our news

Sixty-eight banks fuelling cluster munition producers with billions of dollars

Briefing paper by Netwerk Vlaanderen
2007-03-01 | Brussels | Netwerk Vlaanderen
blog
external news
our news

European banks withdraw from Belene nuclear power project

UniCredit Group, HVB and Deutsche Bank think Bulgarian project too risky
2006-10-20 | Berlin, Prague, Vienna, Sofia, Milan | Urgewald
blog
external news
our news

Banks continue to invest in cluster munitions

2006-09-18 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

No party time for Burmese democrats

Action at Belgian banks against investments in Burma
2006-06-19 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

KBC throws eleven cluster bomb producers out of its portfolio

2006-05-02 | Brussels, Belgium | Netwerk Vlaanderen
blog
external news
our news

Belgian campaign puts banks under pressure to stop investing in Burma

Municipalities for Burma
2006-03-16 | Belgium | Netwerk Vlaanderen
blog
external news
our news

Belgian bank groups invest in companies that abuse human rights

Press Release Netwerk Vlaanderen
2006-01-11 | Brussels, Belgium | Netwerk Vlaanderen

Documents

Type:
Year:
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | KBC
csr policies
2020-01-30 00:00:00

Embargo policy

2020-01-30 00:00:00 | KBC
csr policies
2020-01-28 00:00:00

Anti-money laundering policy

2020-01-28 00:00:00 | KBC
csr policies
2020-01-14 00:00:00

Sustainability Framework

2020-01-14 00:00:00 | KBC
csr policies
2019-12-31 00:00:00

Blacklist - updated Dec 2019

2019-12-31 00:00:00 | KBC
correspondence
2019-12-10 00:00:00

Letter from BankTrack to KBC on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
csr policies
2019-09-30 00:00:00

Energy credit, insurance and advisory services policy

2019-09-30 00:00:00 | KBC
correspondence
2019-09-11 00:00:00

Letter from KBC to BankTrack on PRB implementation

2019-09-11 00:00:00 | KBC
csr policies
2019-05-31 00:00:00

Policy on blacklisted companies

2019-05-31 00:00:00 | KBC
csr policies
2019-05-31 00:00:00

Investment policy

2019-05-31 00:00:00 | KBC
ngo documents
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
annual reports
2019-04-25 00:00:00

CSR report 2018

2019-04-25 00:00:00 | KBC
annual reports
2019-04-16 00:00:00

Annual report 2018

2019-04-16 00:00:00 | KBC
csr policies
2019-03-31 00:00:00

Environmental policy

2019-03-31 00:00:00 | KBC
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to KBC on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies
2018-06-30 00:00:00

Policy on human rights

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Policy on arms-related activities

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Mining policy

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Animal welfare statement

2018-06-30 00:00:00 | KBC Group
annual reports
2018-04-27 00:00:00

Sustainability report 2017

2018-04-27 00:00:00 | KBC
annual reports
2018-03-31 00:00:00

Annual Report 2017

2018-03-31 00:00:00 | KBC
bank documents
2018-03-31 00:00:00

Report to Society 2017

2018-03-31 00:00:00 | KBC
csr policies
2017-12-31 00:00:00

Policy for the protection of whistleblowers

2017-12-31 00:00:00 | KBC Group
csr policies
2017-11-30 00:00:00

Modern slavery act statement 2017

2017-11-30 00:00:00 | KBC Group
annual reports
2017-05-31 00:00:00

Sustainability Report 2016

2017-05-31 00:00:00 | KBC
bank documents
2017-05-31 00:00:00

KBC Group - UN Global Compact Communication on Progress 2017

2017-05-31 00:00:00 | KBC
annual reports
2017-05-22 00:00:00

Annual Report 2016

2017-05-22 00:00:00 | KBC
annual reports
2017-04-03 00:00:00

Report to society 2016

2017-04-03 00:00:00 | KBC
bank documents
2016-11-13 00:00:00

Corporate Governance Charter

2016-11-13 00:00:00 | KBC Group NV
bank documents
2016-07-25 00:00:00

Risk governance

2016-07-25 00:00:00 | KBC Group NV
csr policies
2016-05-31 00:00:00

Community involvement policy

2016-05-31 00:00:00 | KBC Group
annual reports
2016-03-31 00:00:00

Annual report 2015

2016-03-31 00:00:00 | KBC
annual reports
2016-03-31 00:00:00

Report to Society 2015

2016-03-31 00:00:00 | KBC
csr policies
2015-11-01 00:00:00

Energy Policy Statement on corporate premises in Belgium

2015-11-01 00:00:00 | KBC Group
annual reports
2015-04-16 00:00:00

Report to Society for 2014

2015-04-16 00:00:00 | KBC Group
bank documents
2015-04-15 00:00:00

Employee Stakeholder Policy

2015-04-15 00:00:00 | KBC Group
annual reports
2015-04-15 00:00:00

CSR Report 2013

2015-04-15 00:00:00 | KBC Group
annual reports
2015-04-15 00:00:00

Annual Report 2013

2015-04-15 00:00:00 | KBC Group
csr policies
2014-10-01 00:00:00

Controversial Weapon Policy

2014-10-01 00:00:00 | KBC Group
csr policies
2014-05-31 00:00:00

Soft commodity policy

2014-05-31 00:00:00 | KBC Group
csr policies
2014-05-01 00:00:00

Sustainability Code of Conduct for Suppliers

2014-05-01 00:00:00 | KBC Group
csr policies
2014-03-01 00:00:00

Code of Conduct

2014-03-01 00:00:00 | KBC Group
csr policies
2014-01-15 00:00:00

Tax Strategy

2014-01-15 00:00:00 | KBC Group
csr policies
2012-07-31 00:00:00

Ethics and fraud policy

2012-07-31 00:00:00 | KBC Group
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
csr policies
2011-12-21 00:00:00

Climate Change Policy

2011-12-21 00:00:00 | KBC Group
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents
2010-06-02 00:00:00

Bankers on Tenterhooks

Climate change: co-funded by banks operating in Belgium
2010-06-02 00:00:00 | Netwerk Vlaanderen
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
ngo documents
2010-04-01 00:00:00

Summary Table 'Hall of Fame and runners-up'

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
csr policies
2010-02-16 00:00:00

Anti-corruption and bribery statement

2010-02-16 00:00:00 | KBC Group
csr policies
2010-01-18 00:00:00

Nuclear energy policy

2010-01-18 00:00:00 | KBC Asset Management
ngo documents
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
ngo documents
2008-05-01 00:00:00

Beleggers op hete kolen: Een kritische doorlichting van de klimaatfondsen op de Belgische markt (in Dutch)

2008-05-01 00:00:00 | Netwerk Vlaanderen
ngo documents
2005-05-01 00:00:00

Banks Disarm(ed)

2005-05-01 00:00:00 | Netwerk vlaanderen

Links

Bankwijzer

Fair Finance Guide Belgium
http://bankwijzer.be/nl/bankwijzer/banken/kbc/

Move your money - Belgian campaign website

http://moveyourmoney.be/

KBC's sustainability & csr pages

https://www.kbc.com/en/corporate-sustainability.html?zone=topnav

Policies

Voluntary initiatives

KBC has committed itself to the following voluntary standards:
  • Belgian SDG Charter for International Cooperation and Development
  • Carbon Disclosure Project
  • Collective Commitment to Climate Action (CCCA)
  • Equator Principles
  • Global Reporting Initiative
  • ISO 14001
  • Paris Agreement Capital Transition Assessment (PACTA)
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Task Force on Climate-related Financial Disclosures
  • UN Guiding Principles on Business and Human Rights
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

KBC's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2020-01-30 00:00:00

Embargo policy

2020-01-30 00:00:00 | KBC
csr policies
2020-01-28 00:00:00

Anti-money laundering policy

2020-01-28 00:00:00 | KBC
csr policies
2020-01-14 00:00:00

Sustainability Framework

2020-01-14 00:00:00 | KBC
csr policies
2019-12-31 00:00:00

Blacklist - updated Dec 2019

2019-12-31 00:00:00 | KBC
csr policies
2019-09-30 00:00:00

Energy credit, insurance and advisory services policy

2019-09-30 00:00:00 | KBC
csr policies
2019-05-31 00:00:00

Policy on blacklisted companies

2019-05-31 00:00:00 | KBC
csr policies
2019-05-31 00:00:00

Investment policy

2019-05-31 00:00:00 | KBC
csr policies
2019-03-31 00:00:00

Environmental policy

2019-03-31 00:00:00 | KBC
csr policies
2018-06-30 00:00:00

Policy on human rights

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Policy on arms-related activities

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Mining policy

2018-06-30 00:00:00 | KBC Group
csr policies
2018-06-30 00:00:00

Animal welfare statement

2018-06-30 00:00:00 | KBC Group
csr policies
2017-12-31 00:00:00

Policy for the protection of whistleblowers

2017-12-31 00:00:00 | KBC Group
csr policies
2017-11-30 00:00:00

Modern slavery act statement 2017

2017-11-30 00:00:00 | KBC Group
csr policies
2016-05-31 00:00:00

Community involvement policy

2016-05-31 00:00:00 | KBC Group
csr policies
2015-11-01 00:00:00

Energy Policy Statement on corporate premises in Belgium

2015-11-01 00:00:00 | KBC Group
csr policies
2014-10-01 00:00:00

Controversial Weapon Policy

2014-10-01 00:00:00 | KBC Group
csr policies
2014-05-31 00:00:00

Soft commodity policy

2014-05-31 00:00:00 | KBC Group
csr policies
2014-05-01 00:00:00

Sustainability Code of Conduct for Suppliers

2014-05-01 00:00:00 | KBC Group
csr policies
2014-03-01 00:00:00

Code of Conduct

2014-03-01 00:00:00 | KBC Group
csr policies
2014-01-15 00:00:00

Tax Strategy

2014-01-15 00:00:00 | KBC Group
csr policies
2012-07-31 00:00:00

Ethics and fraud policy

2012-07-31 00:00:00 | KBC Group
csr policies
2011-12-21 00:00:00

Climate Change Policy

2011-12-21 00:00:00 | KBC Group
csr policies
2010-02-16 00:00:00

Anti-corruption and bribery statement

2010-02-16 00:00:00 | KBC Group
csr policies
2010-01-18 00:00:00

Nuclear energy policy

2010-01-18 00:00:00 | KBC Asset Management

Equator Principles

Implementation and reporting

KBC is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Baku-Tbilisi-Ceyhan oil pipeline Azerbaijan

Pipeline Transportation of Crude Oil
on record

Nam Theun 2 dam Laos

Hydroelectric Power Generation
on record

Theun-Hinboun dam expansion Laos

Hydroelectric Power Generation

Good moves

Year:
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