Kb Financial

KB Financial, a financial intermediation services company based in KR, reported its most recent emissions data for 2025. The company's Scope 1 emissions were 22,253,000 kg CO2e, and Scope 2 emissions (location-based) were 126,673,000 kg CO2e. Scope 3 emissions totalled approximately 345,369,000 kg CO2e, with significant contributions from downstream leased assets (248,588,000 kg CO2e), employee commute (29,162,000 kg CO2e), and use of sold products (26,895,000 kg CO2e).

Looking back, in 2024, KB Financial's Scope 1 emissions were 22,510,000 kg CO2e, Scope 2 emissions (location-based) were 132,814,000 kg CO2e, and Scope 3 emissions were approximately 693,881,000 kg CO2e. In 2023, Scope 1 emissions were 23,325,000 kg CO2e, Scope 2 emissions (location-based) were 132,121,000 kg CO2e, and Scope 3 emissions were about 679,389,000 kg CO2e.

KB Financial is committed to climate action with several reduction targets. The company aims for a 42% reduction in Scope 1 and 2 absolute GHG emissions by 2030, compared to a 2020 base year. Furthermore, they are committed to achieving net-zero operational emissions (Scope 1 and 2) by 2040 and net-zero financed emissions (Scope 3) by 2050, referencing a 1.5°C scenario.

The company has also set Science-Based Targets (SBTs) for its corporate instruments (equity, bonds, loans), commercial real estate, and electricity generation project finance portfolios, targeting a reduction across these areas by 2030 from a 2019 base year. These portfolio targets cover 12.89% of their total investment and lending activities as of December 31st, 2019. Specific intensity targets include reducing commercial real estate portfolio GHG emissions by 58.4% per square metre by 2030 (2019 base year), and electricity generation project finance portfolio GHG emissions by 49.4% per MWh by 2030 (2019 base year). They also have targets for aligning the temperature scores of their corporate loan, listed equity, and corporate bond portfolios for Scope 1, 2, and 3 emissions by 2025.