Citibank Korea Inc. Sustainability Profile
Citibank Korea Inc., a subsidiary of Citigroup, is a leading financial institution headquartered in Seoul, South Korea (KR). Established in 1967, the bank has played a pivotal role in the development of the Korean banking sector, offering a wide range of services including retail banking, corporate banking, and wealth management. With a strong presence in major cities across South Korea, Citibank Korea is renowned for its innovative digital banking solutions and customer-centric approach. The bank's core products, such as credit cards and personal loans, are distinguished by their competitive features and tailored offerings. As a key player in the financial services industry, Citibank Korea has achieved significant milestones, including numerous awards for excellence in customer service and digital innovation, solidifying its position as a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Citibank Korea Inc.'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
Citibank Korea Inc.'s score of 44 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Citibank Korea Inc. does not report specific carbon emissions figures, indicating a lack of disclosed emissions data. The organisation is a current subsidiary of Citigroup Inc., which may influence its climate commitments and reporting practices. Citibank Korea Inc. inherits its climate initiatives and targets from its parent company, Citigroup Inc., at a cascade level of four. However, specific reduction targets or achievements related to carbon emissions have not been detailed in the available information. The absence of documented emissions data suggests that Citibank Korea Inc. may be in the early stages of formalising its climate strategy or reporting practices. The organisation's commitment to sustainability may be reflected through broader initiatives from Citigroup Inc., such as participation in the RE100 initiative, which aims for 100% renewable energy usage, and other climate-related commitments. In summary, while specific emissions data and reduction targets for Citibank Korea Inc. are not available, the organisation's climate commitments are likely aligned with those of its parent company, Citigroup Inc. Further transparency and reporting may be anticipated in future disclosures.
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| 2005 | 2006 | 2010 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,533,000 | 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 | 1,048,226,000 | 0,000,000,000 | 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 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | - | - |
How Carbon Intensive is Citibank Korea Inc.'s Industry?
How Carbon Intensive is Citibank Korea Inc.'s Location?
Citibank Korea Inc.'s Scope 3 Categories Breakdown
Citibank Korea Inc.'s Scope 3 emissions, which decreased by 52% last year and decreased by approximately 95% since 2006, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Citibank Korea Inc.'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.
Citibank Korea Inc. 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.
