KakaoBank

KakaoBank's reported carbon emissions

KakaoBank, a financial intermediation services provider based in South Korea, reported its carbon emissions for the years 2019 through 2023. In 2023, KakaoBank's total emissions were approximately 5,399,700 kg CO2e. This figure comprises Scope 1 emissions of about 48,700 kg CO2e and Scope 2 emissions of approximately 4,886,100 kg CO2e. Scope 3 emissions for 2023 were reported at roughly 881,100 kg CO2e, with business travel accounting for 209,100 kg CO2e and purchased goods and services for 9,400 kg CO2e. For 2022, the company's total emissions stood at approximately 3,913,000 kg CO2e. This included Scope 1 emissions of around 45,700 kg CO2e and Scope 2 emissions of about 3,867,300 kg CO2e. Scope 3 emissions for 2022 were approximately 355,600 kg CO2e, with business travel at 47,500 kg CO2e and purchased goods and services at 8,700 kg CO2e. In 2021, KakaoBank reported Scope 2 emissions of approximately 2,956,500 kg CO2e. Scope 1 and Scope 2 emissions combined were about 2,956,500 kg CO2e. Scope 3 emissions data was not fully disclosed for this year, with purchased goods and services listed as a missing data point. For 2020, Scope 2 emissions were approximately 1,875,500 kg CO2e, and the combined Scope 1 and 2 total was also around 1,875,500 kg CO2e. As with 2021, Scope 3 emissions were not fully detailed, and purchased goods and services were a missing data point. In 2019, KakaoBank reported Scope 2 emissions of about 1,525,220 kg CO2e, with the combined Scope 1 and 2 total being the same. Scope 3 emissions were not disclosed for this year. KakaoBank's climate commitments are not detailed by specific reduction targets or initiatives in the provided information. However, the company has disclosed its emissions across Scope 1, 2, and 3 for recent reporting years, indicating an awareness of its environmental impact within the financial intermediation sector.