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 89% 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 greenhouse gas 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, the bank's Scope 3 emissions were about 4,591,900 kg CO2e, which included contributions from capital goods, business travel, and purchased goods and services. Woori Bank has committed to significant climate action through its alignment with the Science Based Targets initiative (SBTi). The bank's long-term targets aim for net-zero emissions across all scopes by 2050, with a focus on reducing its portfolio emissions, which cover 33% of its total investment and lending by total assets as of 2022. As of that year, required activities accounted for 18% of its total investments, while optional activities made up 24%. The bank's near-term targets are set to align with a 1.5°C pathway, with specific goals to be achieved by 2030. Woori Bank's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint in the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
