NongHyup Financial Group Inc.
NongHyup Financial Group Inc., commonly referred to as NH Financial Group, is a prominent financial services provider headquartered in South Korea (KR). Established in 1961, the group has significantly evolved, becoming a key player in the banking, insurance, and investment sectors across Asia. With a strong presence in both retail and corporate banking, NH Financial Group offers a diverse range of products and services, including loans, savings accounts, and insurance solutions tailored to meet the needs of its clients. The company is renowned for its commitment to customer service and innovative financial solutions, which have solidified its market position. Over the years, NH Financial Group has achieved notable milestones, including expanding its operations internationally, thereby enhancing its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does NongHyup Financial Group Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
NongHyup Financial Group Inc.'s score of 21 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NongHyup Financial Group Inc.'s reported carbon emissions
In 2022, NongHyup Financial Group Inc. reported total carbon emissions of approximately 37,317,100,000 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 54,000 kg CO2e, while Scope 2 emissions totalled approximately 85,000 kg CO2e. Notably, Scope 3 emissions were substantial, amounting to around 37,317,000,000 kg CO2e, with waste generated in operations contributing about 59,000 kg CO2e. In terms of previous years, emissions in 2021 were approximately 52,000 kg CO2e for Scope 1, 160,000 kg CO2e for Scope 2, and around 5,900 kg CO2e for Scope 3. In 2020, the figures were about 55,000 kg CO2e for Scope 1, 133,000 kg CO2e for Scope 2, and approximately 10,070 kg CO2e for Scope 3. NongHyup Financial Group has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2026. Their portfolio targets cover 21% of total investment and lending by total assets as of 2021, with required activities constituting 19% and optional activities 6%. This commitment reflects their intention to address greenhouse gas emissions from company operations (Scopes 1 and 2) in line with global climate goals.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 55,000 | 00,000 | 00,000 |
| Scope 2 | 133,000 | 000,000 | 00,000 |
| Scope 3 | 10,070 | 0,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
NongHyup Financial Group Inc. is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
