Industrial Bank Of Korea

Industrial Bank Of Korea (IBK) reported its total Scope 1, 2, and 3 emissions for 2023 as approximately 71,643,080 kg CO2e. This included Scope 1 emissions of 6,242,000 kg CO2e, Scope 2 emissions of 48,991,000 kg CO2e, and Scope 3 emissions of 16,720,080 kg CO2e. For 2022, IBK's Scope 1 emissions were 6,596,000 kg CO2e, Scope 2 emissions were 49,242,000 kg CO2e, and Scope 3 emissions were 16,759,730 kg CO2e. In 2021, these figures were 8,120,000 kg CO2e for Scope 1, 48,957,000 kg CO2e for Scope 2, and 16,972,140 kg CO2e for Scope 3. For 2020, IBK's Scope 1 emissions were 9,532,000 kg CO2e, Scope 2 emissions were 50,333,000 kg CO2e, and Scope 3 emissions were 10,039,430 kg CO2e.

IBK has committed to achieving carbon neutrality for its own Scope 1 and Scope 2 emissions and financial assets by 2050. The financial institution also has Science Based Targets initiative (SBTi) approved near-term targets classified as consistent with a 1.5°C warming scenario. These targets cover 38% of its total investment and lending by total assets as of 2021, with a target year of 2030 for its operational emissions (Scopes 1 and 2).