Industrial Bank Of Korea

Industrial Bank of Korea (IBK) has reported the following greenhouse gas emissions:

For 2023, IBK's total emissions were approximately 6,081,708,000 kg CO2e, comprising Scope 1 emissions of about 6,242,000 kg CO2e, Scope 2 emissions of approximately 48,991,000 kg CO2e, and Scope 3 emissions of approximately 16,720,080 kg CO2e.

In 2022, total emissions amounted to approximately 6,109,136,000 kg CO2e, with Scope 1 at about 6,596,000 kg CO2e, Scope 2 at approximately 49,242,000 kg CO2e, and Scope 3 at around 16,759,730 kg CO2e.

For 2021, total emissions were approximately 6,347,414,000 kg CO2e, including Scope 1 at about 8,120,000 kg CO2e, Scope 2 at approximately 48,957,000 kg CO2e, and Scope 3 at roughly 16,972,140 kg CO2e.

In 2020, IBK reported total emissions of approximately 6,545,073,000 kg CO2e, with Scope 1 emissions of about 9,532,000 kg CO2e, Scope 2 emissions of approximately 50,333,000 kg CO2e, and Scope 3 emissions of around 10,039,430 kg CO2e.

IBK has set a long-term goal for carbon neutrality for its financial assets by 2050, alongside reducing its own Scope 1 and 2 emissions.

The bank has also committed to Science Based Targets initiative (SBTi) goals. IBK's operational emissions (Scopes 1 and 2) are aligned with reductions needed to limit warming to 1.5°C, with a near-term target set for 2030. Additionally, IBK's portfolio targets cover 38% of its total investment and lending by total assets as of 2021, which is consistent with 1.5°C pathways. These targets have a near-term deadline of 2028 and 2030 for different assessments.