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 position in the competitive banking sector. Operating primarily in South Korea, Woori Bank also has a notable presence in international markets, providing a comprehensive range of services including retail banking, corporate finance, and wealth management. Its core offerings, characterised by innovative digital banking solutions and personalised customer service, set it apart in the industry. Recognised for its robust financial performance, Woori Bank continues to be a prominent player in the Asian banking landscape, consistently achieving high customer satisfaction and maintaining a strong market position.
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 37 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Woori Bank's reported carbon emissions
In 2023, Woori Bank reported total carbon emissions of approximately 72,857,000 kg CO2e, comprising 10,955,000 kg CO2e from Scope 1 and 61,902,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions were recorded at about 4,591,900 kg CO2e, which includes emissions from capital goods, business travel, and other operational activities. Woori Bank has committed to achieving net-zero emissions across all scopes by 2050, aligning with the Science Based Targets initiative (SBTi). The bank's near-term targets, set for 2030, aim to cover 33% of its total investment and lending portfolio, with required activities accounting for 18% and optional activities for 24% of its total assets as of 2022. This commitment reflects Woori Bank's dedication to reducing greenhouse gas emissions in line with the 1.5°C climate goal. Over recent years, Woori Bank has demonstrated a consistent reduction in emissions, with total emissions decreasing from approximately 88,470,000 kg CO2e in 2016 to the current figure in 2023. This trend highlights the bank's ongoing efforts to enhance sustainability and mitigate climate impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 15,488,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 73,475,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 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 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.
