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Created before Nov 2016
Last update: 2017-12-01 16:01:57
Karen Vermeer, BankTrack
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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. In December 2016 KBC held assets worth EUR 275.2 billion.
Johan Thijs |
Sustainability Report 2016|
Annual Report 2016
Report to society 2016
listed on Euronext Brussels
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Voluntary initiativesKBC has committed itself to the following voluntary standards:
Go here to visit the KBC Group's list of corporate social responsibility policies.
KBC and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. KBC adopted the Equator Principles in 2004.
Reporting on the Equator Principles
KBC must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
KBC is involved in financing the following Equator Principles projects that BankTrack considers controversial.
Baku-Tbilisi-Ceyhan oil pipeline - international -
Nam Theun 2 dam Laos
Theun-Hinboun dam expansion Laos
Implementation and reporting
KBC is reporting on the implementation here.