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# KBC reports EUR 25 billion in environmental loans in 2024 sustainability report
- URL: https://www.theglobalbanker.com/kbc-reports-eur-25-billion-in-environmental-loans-in-2024-sustainability-report/
- Published: 2025-04-08T14:00:00.000Z
- Updated: 2026-09-29T16:27:41.000Z
- Description: The Belgian group's 2024 Sustainability Report shows EUR 21 billion of mortgages for energy-efficient housing and nine of its twelve lending climate targets in line with its benchmarks.
- Author: TGB Editorial Team
- Tags: ESG, Europe, #archive

Belgian banking and insurance group KBC reported that it provided EUR 25 billion of loans with environmental objectives in 2024, according to its Sustainability Report 2024, published in April 2025.

The largest share went to energy-efficient housing, with EUR 21 billion in mortgages. KBC also financed EUR 3.2 billion in the renewable energy and biofuel sector and EUR 1.3 billion for low-carbon vehicles.

#### CLIMATE TARGETS

The group has set 12 climate targets for its lending portfolio. Its Climate Progress Dashboard shows that, overall, the group is on track to meet them, with nine of the twelve targets in line with its climate alignment benchmarks.

KBC also published its first Sustainability Statement, aligned with the requirements of the EU's Corporate Sustainability Reporting Directive (CSRD), in its 2024 Annual Report. The group said its Responsible Investing funds held EUR 50.8 billion, equivalent to 44% of total direct client money, and that it financed EUR 6.17 billion in the healthcare and senior living sectors and EUR 1.23 billion in education during the year.

#### GREEN BOND FUNDING

The report also highlights KBC's EUR 750 million, eight-year green bond, issued on 27 March 2024 and maturing on 27 March 2032\. It was the first issue under the group's updated Green Bond Framework, which covers energy-efficient buildings, renewable energy and clean transportation, and more than 100 investors took part.

On the social side, KBC reported EUR 7.4 billion of financing in social sectors and said it was reporting for the first time on progress towards two social targets on housing in Belgium: the number of young adults reached with housing-related information, and the relative share of young adults in a situation of over-indebtedness. The group also developed two new internal thematic white papers during the year, on plastics and on deforestation.