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Public Profile
Financial Intermediation
KR
updated 3 months ago

KakaoBank Sustainability Profile

Company website

KakaoBank, officially known as Kakao Bank Corp., is a leading digital bank headquartered in South Korea (KR). Founded in 2016, it has rapidly established itself as a key player in the financial technology sector, primarily serving the South Korean market. The bank's innovative approach to banking includes a range of core services such as online savings accounts, personal loans, and mobile payment solutions, all designed to enhance user convenience and accessibility. KakaoBank distinguishes itself with its seamless digital experience, leveraging advanced technology to provide efficient banking services. Since its inception, the bank has achieved significant milestones, including a successful IPO in 2021, solidifying its position as a market leader in the digital banking industry. With a strong focus on customer-centric solutions, KakaoBank continues to redefine the banking landscape in South Korea and beyond.

DitchCarbon Score

How does KakaoBank'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.

58

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.

29

Industry Benchmark

KakaoBank's score of 58 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

76%

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KakaoBank's reported carbon emissions

In 2024, KakaoBank reported total carbon emissions of approximately 96,633,000 kg CO2e, which includes 520,000 kg CO2e from Scope 1 and about 96,113,000 kg CO2e from Scope 2 emissions. The Scope 3 emissions totalled approximately 57,248,000 kg CO2e, encompassing various categories such as purchased goods and services (about 10,798,000 kg CO2e) and capital goods (approximately 24,821,000 kg CO2e). KakaoBank's emissions data for 2023 indicates a total of about 53,784,000 kg CO2e from Scope 1 and 2 combined, with Scope 3 emissions reaching approximately 75,992,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded any targets from parent organisations. KakaoBank's commitment to addressing climate change is evident through its transparency in emissions reporting, although it currently lacks defined reduction targets or initiatives. The absence of specific climate pledges or SBTi targets suggests a need for further development in its climate strategy.

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Access structured emissions data, company-specific emission factors, and source documents

201920202021202220232024
Scope 1
-
-
000,000
000,000
000,000
000,000
Scope 2
1,525,220
0,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
-
-
00,000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is KakaoBank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. KakaoBank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is KakaoBank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for KakaoBank is in KR, which we do not have grid emissions data for.

KakaoBank's Scope 3 Categories Breakdown

KakaoBank's Scope 3 emissions, which decreased by 25% last year and decreased by approximately 18% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 37% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 43% of Scope 3 emissions.

Top Scope 3 Categories

2024
Capital Goods
43%
Fuel and Energy Related Activities
26%
Purchased Goods and Services
19%
Use of Sold Products
5%
Investments
3%
Downstream Transportation & Distribution
1%
Employee Commuting
<1%
Business Travel
<1%
Waste Generated in Operations
<1%
Downstream Leased Assets
<1%

KakaoBank'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.

KakaoBank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare KakaoBank's Emissions with Industry Peers

Samsung

KR
•
Electrical machinery and apparatus n.e.c. (31)
Updated about 6 hours ago

Viva Republica Inc.

KR
•
Computer and related services (72)
Updated 8 days ago

Woori Bank

KR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 13 days ago

Naver Financial Corporation

KR
Updated 3 months ago

Kakao

KR
•
Recreational, cultural and sporting services (92)
Updated 4 days ago

Robinhood

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 6 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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