Bank of Korea Sustainability Profile
The Bank of Korea (BOK), established in 1950, serves as the central bank of South Korea, with its headquarters located in Seoul, KR. As a pivotal institution in the financial sector, the BOK plays a crucial role in formulating and implementing monetary policy, managing foreign exchange reserves, and ensuring financial stability across the nation. The Bank of Korea is renowned for its core services, including the issuance of currency, regulation of the banking system, and oversight of payment systems. Its unique approach to monetary policy, particularly in response to economic fluctuations, has positioned it as a leader in the Asian financial landscape. Notable achievements include maintaining low inflation rates and fostering economic growth, solidifying its reputation as a trusted authority in the central banking industry.
DitchCarbon Score
How does Bank of Korea'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 Services Auxiliary to 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
Bank of Korea's score of 22 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of Korea's reported carbon emissions
The Bank of Korea currently does not have available carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. This lack of data suggests that the Bank of Korea may not have established formal commitments to reduce carbon emissions or may not publicly disclose such information. As there is no inherited emissions data from a parent organisation, the Bank of Korea operates independently in this regard. Without specific emissions figures or reduction initiatives, it is challenging to assess their climate impact or commitments within the broader context of climate action in the financial sector.
How Carbon Intensive is Bank of Korea's Industry?
How Carbon Intensive is Bank of Korea's Location?
Bank of Korea's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of Korea has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
