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 87% 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. The bank also disclosed Scope 3 emissions amounting to 4,591,900 kg CO2e, which includes categories such as business travel and purchased goods and services. Woori Bank has committed to achieving net-zero emissions by 2050, with interim targets set for 2030. Their climate strategy includes a significant focus on their investment and lending portfolio, which aims to cover 33% of total assets by 2022. As of that year, required activities constituted 18% of their total investment and lending, while optional activities made up 24%. The bank's emissions reduction targets align with the Science Based Targets initiative (SBTi), ensuring that their strategies are consistent with limiting global warming to 1.5°C. This commitment reflects Woori Bank's proactive approach to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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.
