Shinhan Bank
Shinhan Bank, officially known as Shinhan Bank Co., Ltd., is a leading financial institution headquartered in Seoul, South Korea (KR). Established in 1897, it has evolved into a prominent player in the banking industry, offering a comprehensive range of services including retail banking, corporate finance, and wealth management. With a strong presence in major operational regions across Asia and beyond, Shinhan Bank is recognised for its innovative financial solutions and customer-centric approach. The bank's core products, such as personal loans, credit cards, and investment services, are designed to meet diverse client needs, setting it apart in a competitive market. Notably, Shinhan Bank has achieved significant milestones, including its recognition as one of the top banks in Asia, reflecting its robust market position and commitment to excellence in financial services.
DitchCarbon Score
How does Shinhan 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
Shinhan Bank's score of 43 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shinhan Bank's reported carbon emissions
In 2023, Shinhan Bank reported total carbon emissions of approximately 75,550,000 kg CO2e, comprising 14,967,000 kg CO2e from Scope 1 and 6,176,000 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, reaching about 55,986,848,000 kg CO2e, indicating a substantial impact from its value chain activities. Over the years, Shinhan Bank has demonstrated a commitment to reducing its carbon footprint. In 2020, the bank's total emissions were approximately 96,811,000 kg CO2e, which included 15,419,000 kg CO2e from Scope 1 and 81,392,000 kg CO2e from Scope 2. By 2023, the bank achieved a reduction in total emissions, showcasing its efforts towards sustainability. Shinhan Bank has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030. These targets cover 20% of its investment and lending activities as of December 2020, focusing on emissions from its operations (Scopes 1 and 2). However, the bank has not committed to a net-zero target as of now. Overall, Shinhan Bank's emissions data and climate commitments reflect a proactive approach to addressing climate change, with ongoing efforts to reduce its environmental impact while supporting sustainable finance initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 11,615,500 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 64,666,600 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
Shinhan Bank is committed to some reduction initiatives 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.
