Kb Financial

KB Financial reported approximately 494.2 million kg CO2e in Scope 3 emissions, about 126.7 million kg CO2e in Scope 2 emissions, and approximately 22.3 million kg CO2e in Scope 1 emissions for 2025. In 2024, the company's Scope 3 emissions were approximately 693.9 million kg CO2e, Scope 2 emissions were about 132.8 million kg CO2e, and Scope 1 emissions were approximately 22.5 million kg CO2e. For 2023, KB Financial reported approximately 679.4 million kg CO2e in Scope 3 emissions, about 132.1 million kg CO2e in Scope 2 emissions, and approximately 23.3 million kg CO2e in Scope 1 emissions.

KB Financial Group has several climate commitments. The company aims to achieve net-zero operational emissions (Scope 1 and 2) by 2040, targeting a 42% reduction in greenhouse gas emissions by 2030 compared to a 2020 base year, in line with a 1.5°C scenario. They also commit to achieving net-zero financed emissions (Scope 3) by 2050.

Regarding Science Based Targets (SBTi), KB Financial Group has committed to achieving SBTs in its corporate instruments (equity, bonds, loans), commercial real estate, and electricity generation project finance portfolios by 2030 from a 2019 base year. These portfolio targets cover approximately 12.89% of its total investment and lending activities as of December 31st, 2019. This includes targets to reduce commercial real estate portfolio GHG emissions by 58.4% per square metre by 2030, and electricity generation project finance portfolio GHG emissions by 49.4% per MWh by 2030, both from a 2019 base year. The company also aims to align its corporate loans, listed equity, and corporate bonds portfolios with temperature scores consistent with warming limits by 2025.