KakaoBank Sustainability Profile
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.
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.
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.
Let us know if this data was useful to you
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.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| 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?
How Carbon Intensive is KakaoBank's Location?
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
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.
