Our sustainable solutions
As a 100% Belgian bank and insurance company, we make sure that virtually all customer deposits are channeled back into the Belgian community and economy:
Europe wants to be carbon neutral by 2050.
In Belgium, Belfius has stepped up to the plate to become the driving force in making the Belgian economy increasingly sustainable. In doing so, we have developed a range of financial solutions for our customers to enable them to achieve their own sustainable operating targets:
We are making maximum use of our financing capacity for the transition to a low-carbon energy system through energy efficiency and the development of renewable energy production.
Insurance companies have always made an important contribution to providing sustainable solutions for current social issues, such as the ageing population, (supplementary pensions, hospitalisation insurance, etc.), the risk of premature death, cover against natural disasters and so on. Specifically to cater for precisely these issues, the Belfius Insurance product range Insurance has been refined even further, in both the “life insurance” and “non-life insurance” segments:
More and more investors these days have higher expectations when it comes to the social impact of their investments. Apart from these higher expectations, the banks have an enormous task ahead of them, born out of social necessity, to develop specific products targeted at tackling climate change, environmental pollution, breaches of human rights, water shortages, loss of biodiversity, the arms race, the ageing population, etc.
To address these growing challenges, we offer investors a full, transparent and segmented range of sustainable investment funds, managed by Belfius Investment Partners (our subsidiary for the management and administration of investment funds) and Candriam (which has long been the preferred external partner of Belfius in this field). Both Belfius IP and Candriam are signatories of the "UNPRI" (United Nations Principles for Responsible Investment) quality charter.
Varying methods of sustainable fund management
Depending on the type of investment, we apply various levels of screening and a specific approach to sustainable investing, occasionally in conjunction with external partners:
Read more about the various methods of sustainable investing (FR) applied by Belfius.
A number of funds that we developed in 2019 invest in entities which offer solutions/products aimed at addressing a specific social and/or environmental problem. Belfius adds another dimension to this by financially supporting charities related to an investment theme.
Portfolio21: sustainable portfolio management by Belfius Insurance
Like all insurers, Belfius Insurance retains a financial reserve that enables it to meet its contractual obligations with regard to making capital payments and paying annuities and compensation to customers. This reserve is created mainly by the insurance premiums paid by customers.
Belfius Insurance invests these reserves in line with the principles of “Portfolio21”, the sustainable management project developed by Belfius Insurance with Candriam and the independent agency, Vigeo Eiris. It involves an overall investment strategy through which non-financial criteria are incorporated transparently into the management process. The exclusion criteria are based mainly on compliance with leading international norms and standards, such as:
As of December 31st 2021, Belfius Insurance’s investment portfolio reached a total of approximately EUR 17.6 billion. It is composed of mortgage loans (24.7%), real estate (4.8%) and investments for the remainder. These EUR 12.3 billion are screened by Portfolio 21 and the Transition Acceleration Policy.
At Belfius, innovation and sustainable development are inextricably linked. We see innovation as a springboard towards a sustainable environmental, social and economic future. A number of tech-based services drawing on our digital expertise are in place to encourage businesses, their employees, local authorities and ordinary people to adopt more sustainable habits.
The (Belfius) Studio is a Belfius subsidiary that has based its business model around the use of blockchain as an innovative and practical technology for creating valuable and unique solutions in Belgium (and abroad). Through applications targeted at towns/cities, local authorities and intermunicipal companies, The Studio meets the needs of Belfius customers in the public and social sector, while at the same time providing solutions to personal customers. Examples include:
Our sustainable strategy: our vision of Corporate Social Responsibility
A responsible bank-insurer: our responsible business operations
Climate & environment: our carbon footprint
People & society: sustainable collaboration with society
Our norms and standards
Or read our latest report in detail: "Sustainability Report 2021" (pdf)
Also read our previous report: "Sustainability Report 2020" (pdf)