Kb Financial Sustainability Profile
Kb Financial Group, headquartered in South Korea (KR), is a prominent player in the financial services industry, offering a diverse range of products and services. Founded in 2008, the company has rapidly established itself as a leader in banking, asset management, and insurance, catering to both individual and corporate clients across major operational regions in Asia. With a commitment to innovation, Kb Financial Group provides unique solutions such as digital banking services and tailored investment products, setting itself apart in a competitive market. The company has achieved significant milestones, including recognition for its robust financial performance and customer-centric approach. As a key player in the South Korean financial landscape, Kb Financial Group continues to enhance its market position through strategic initiatives and a focus on sustainable growth.
DitchCarbon Score
How does Kb Financial'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
Kb Financial's score of 82 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kb Financial's reported carbon emissions
In 2024, KB Financial Group reported total greenhouse gas emissions of approximately 3,200,000 kg CO2e for Scope 1, 2, and 3 combined. Specifically, Scope 1 emissions were about 1,892,000 kg CO2e, while Scope 2 emissions (market-based) totalled approximately 2,537,000 kg CO2e. The most significant contributor to their emissions was Scope 3, which accounted for about 3,229,782,800 kg CO2e, primarily from investments. KB Financial Group has set ambitious climate commitments, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2025, compared to a 2019 baseline. Additionally, they are targeting net-zero financed emissions (Scope 3) by 2050. Their near-term targets are aligned with the Science Based Targets initiative (SBTi), which includes a commitment to achieve reductions in corporate instruments, commercial real estate, and electricity generation project finance portfolios by 2030. The company is also focused on reducing its exposure to clients involved in coal mining or coal energy in EU and OECD countries by 2030. Furthermore, they aim to decrease carbon intensity in the automotive sector to 90 g CO2e per km travelled per vehicle by 2030, representing a 51% reduction from 2021 levels. Overall, KB Financial Group's climate strategy reflects a comprehensive approach to managing and reducing their carbon footprint across all scopes of emissions, demonstrating a commitment to sustainability and climate resilience.
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Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,868,690 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 42,836,850 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 0,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Kb Financial's Industry?
How Carbon Intensive is Kb Financial's Location?
Kb Financial's Scope 3 Categories Breakdown
Kb Financial's Scope 3 emissions, which increased by 375% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Kb Financial'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.
Kb Financial has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Kb Financial's sustainability data and climate commitments