Woori Bank
Woori Bank, officially known as Woori Financial Group, is a leading financial institution headquartered in Seoul, South Korea. Established in 1899, the bank has evolved significantly, marking key milestones such as its merger with several regional banks, which has solidified its presence across Asia and beyond. Operating primarily in the banking and financial services industry, Woori Bank offers a diverse range of products, including retail banking, corporate finance, and wealth management services. Its commitment to innovation and customer-centric solutions distinguishes it in a competitive market. With a strong market position, Woori Bank has received numerous accolades for its service excellence and financial stability, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Woori Bank'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 Financial Intermediation 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
Woori Bank's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woori Bank's reported carbon emissions
In 2022, Woori Bank reported total carbon emissions of approximately 71,428,000 kg CO2e, comprising 10,764,000 kg CO2e from Scope 1 and 60,664,000 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions totalled about 4,100,000 kg CO2e, with significant contributions from purchased goods and services (1,132,350 kg CO2e), business travel (600,970 kg CO2e), and capital goods (410,090 kg CO2e). Comparatively, in 2021, Woori Bank's total emissions were around 74,834,000 kg CO2e, indicating a slight reduction in overall emissions year-on-year. The Scope 1 emissions were 10,713,000 kg CO2e, while Scope 2 emissions were 64,121,000 kg CO2e. Scope 3 emissions for that year were approximately 4,093,200 kg CO2e. Woori Bank's emissions data is cascaded from its parent company, Woori Financial Group Inc., reflecting a corporate family relationship. However, the bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. Woori Bank's commitment to addressing climate change is evident through its comprehensive emissions reporting, although it currently lacks defined reduction initiatives or targets. The bank's focus on transparency in emissions data is crucial for stakeholders interested in its environmental impact and sustainability efforts.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 11,689,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 67,311,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,059,000 | 0,000,000 | 0,000,000 |
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.
Woori Bank 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.
