Kb Financial
Kb Financial Group, headquartered in South Korea (KR), is a prominent player in the financial services industry, offering a diverse range of products and services. Founded in 2008, the company has rapidly established itself as a leader in banking, asset management, and insurance, catering to both individual and corporate clients across major operational regions in Asia. With a commitment to innovation, Kb Financial Group provides unique solutions such as digital banking services and tailored investment products, setting itself apart in a competitive market. The company has achieved significant milestones, including recognition for its robust financial performance and customer-centric approach. As a key player in the South Korean financial landscape, Kb Financial Group continues to enhance its market position through strategic initiatives and a focus on sustainable growth.
DitchCarbon Score
How does Kb Financial'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
Kb Financial's score of 57 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kb Financial's reported carbon emissions
In 2023, KB Financial Group reported total carbon emissions of approximately 679,402,000 kg CO2e across all scopes. This includes 13,429,000 kg CO2e from Scope 1, 112,383,000 kg CO2e from Scope 2, and a significant 679,402,000 kg CO2e from Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions was about 125,812,000 kg CO2e. KB Financial has set ambitious targets to reduce its greenhouse gas emissions. Following the Science Based Targets initiative (SBTi) recommendations, the company aims for a 42% reduction in Scope 1 and Scope 2 emissions by 2030, using 2020 as the base year. Additionally, KB Financial is committed to supporting its corporate clients in achieving net-zero emissions by 2050. The company also has a portfolio target that covers approximately 12.89% of its total investment and lending activities, focusing on corporate instruments, commercial real estate, and electricity generation project finance portfolios, with a deadline set for 2030 from a 2019 base year. These commitments reflect KB Financial's proactive approach to addressing climate change and aligning its operations with global sustainability goals.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,868,690 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 42,836,850 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Kb Financial 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.
