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Industrial Bank Of Korea
Services Auxiliary to Financial IntermediationSouth KoreaKSC: 024110.KS
Last verified 3 months agoibk.co.kr
Industrial Bank of Korea (IBK), headquartered in South Korea, is a prominent player in the services auxiliary to financial intermediation sector. Established in 1961, IBK has evolved to support small and medium-sized enterprises (SMEs) through tailored financial solutions, contributing significantly to the nation's economic development.
With a strong presence across South Korea and expanding operations in key international markets, IBK offers a range of core products and services, including loans, investment banking, and asset management. Its unique focus on SMEs distinguishes it from competitors, positioning the bank as a vital partner for business growth.
Recognised for its commitment to innovation and customer service, IBK has achieved notable milestones, solidifying its market position as a leading financial institution in the region.
42
DitchCarbon score
+5 vs industry average
Industrial Bank Of Korea’s score of 42 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2025
202020212022202320242025
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Industrial Bank Of Korea's reported carbon emissions
Industrial Bank Of Korea (IBK) reported Scope 1 and 2 emissions of approximately 54,923,000 kg CO2e for 2023. Scope 1 emissions were around 6,242,000 kg CO2e, and Scope 2 emissions were approximately 48,991,000 kg CO2e. The bank's Scope 3 emissions in 2023 were about 16,720,080 kg CO2e, including 246,240 kg CO2e from capital goods, 3,485,340 kg CO2e from business travel, 11,774,250 kg CO2e from employee commuting, and 1,214,250 kg CO2e from purchased goods and services.
Looking ahead, IBK aims to achieve carbon neutrality for its own emissions (Scope 1 and 2) and financial assets by 2050. The Science Based Targets initiative (SBTi) has validated near-term targets for IBK, with targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) consistent with a 1.5°C warming scenario. These near-term targets are set for 2028 and 2030, covering 38% of its total investment and lending by total assets as of 2021.
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Industrial Bank Of Korea’s Climate Goals (2030 & 2050)
3 goals2030
42% reduction in Scope 1
IBK commits to reduce absolute scope 1 and scope 2 GHG emissions 42% by 2030 from a 2021 base year.
At risk42%
2030
42% reduction in Scope 2
IBK commits to reduce absolute scope 1 and scope 2 GHG emissions 42% by 2030 from a 2021 base year.
Behind target42%
2030
67.4% reduction in scope 3 total
SDA: IBK commits to reduce GHG emissions from the investments in REITs and real estate mutual fund within its listed equity and bonds portfo…
Insufficient data67.4%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2028 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Industrial Bank Of Korea3 months ago
42
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Frequently asked questions
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