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 48 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kb Financial's reported carbon emissions
In 2023, KB Financial Group reported total carbon emissions of approximately 125,812,000 kg CO2e, comprising 13,429,000 kg CO2e from Scope 1, 112,383,000 kg CO2e from Scope 2, and a significant 679,402,000 kg CO2e from Scope 3 emissions. This indicates a substantial reliance on indirect emissions, particularly from downstream leased assets. The company has set ambitious targets to reduce its carbon footprint, committing to achieve Science-Based Targets (SBTs) across all scopes by 2030, using 2019 as the baseline year. The target aims for a reduction of approximately 12.89% of its total investment and lending activities, which includes corporate instruments such as equity, bonds, and loans, as well as commercial real estate and electricity generation project finance portfolios. KB Financial Group's commitment to sustainability is reflected in its near-term targets, which align with the 1.5°C climate goal, ensuring that its operational emissions (Scopes 1 and 2) are consistent with necessary reductions to mitigate climate change impacts. The company continues to focus on enhancing its sustainability practices while addressing its carbon emissions comprehensively.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 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 |
| 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 |
| Scope 3 | - | - | - | - | - | - | 0,000,000 | 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 committed to some reduction initiatives 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.
