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Industrial Bank Of Korea
Services Auxiliary to Financial IntermediationSouth KoreaKSC: 024110.KS
Last verified 2 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.
37
DitchCarbon score
0 vs industry average
Industrial Bank Of Korea’s score of 37 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, a financial institution based in KR, reported its total Scope 1 and 2 emissions for 2023 as 54,923,000 kg CO2e, with an additional 16,720,080 kg CO2e for Scope 3 emissions. In 2022, their Scope 1 and 2 emissions were 55,536,000 kg CO2e, and Scope 3 emissions were 16,759,730 kg CO2e. This indicates a slight decrease in Scope 1 and 2 emissions and Scope 3 emissions between 2022 and 2023.
Industrial Bank Of Korea has committed to achieving carbon neutrality for its Scope 1 and 2 emissions and financial assets by 2050. The company has also set near-term Science Based Targets initiative (SBTi) targets, classified as consistent with a 1.5°C trajectory. These targets cover 38% of their total investment and lending by total assets as of 2021.
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Industrial Bank Of Korea’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
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
See details
Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Industrial Bank Of Korea2 months ago
37
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Frequently asked questions
Common questions about Industrial Bank Of Korea’s sustainability data and climate commitments
Usage policy
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