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Kb Financial
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 58 is higher than 78% 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 2023, KB Financial Group reported total carbon emissions of approximately 679,402,000 kg CO2e, with emissions distributed across various scopes: 13,429,000 kg CO2e (Scope 1), 112,383,000 kg CO2e (Scope 2), and 679,402,000 kg CO2e (Scope 3). Notably, the Scope 3 emissions include significant contributions from downstream leased assets (617,196,000 kg CO2e) and employee commuting (19,383,000 kg CO2e). The company has set ambitious climate commitments, aiming for a 42% reduction in greenhouse gas emissions (Scope 1 and 2) by 2030, relative to a 2020 baseline, and targets net-zero operational emissions by 2040. Additionally, KB Financial Group is committed to achieving net-zero financed emissions (Scope 3) by 2050. In terms of recent achievements, KB Financial Group reported a reduction of over 60% in its carbon footprint from 2019 to 2023. The company also aims for a 50% reduction in Scope 1 and Scope 2 emissions by 2025, compared to the same base year. These targets align with the Science Based Targets initiative (SBTi), under which KB Financial Group has committed to reducing emissions from corporate instruments, covering 12.89% of its total investment and lending activities by 2030, based on 2019 figures. The organization is actively working towards these goals, reflecting a strong commitment to sustainability and climate action.
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kb Financial is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
