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.
Let us know if this data was useful to you
Kb Financial's reported carbon emissions
In 2024, KB Financial Group reported total carbon emissions of approximately 3.23 billion kg CO2e, comprising 1,892,000 kg CO2e from Scope 1, 2,537,000 kg CO2e from Scope 2, and about 3.23 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from investments, capital goods, and employee commuting. The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2025, compared to a 2019 baseline. Additionally, KB Financial Group is targeting net-zero financed emissions (Scope 3) by 2050. They are also committed to reducing their exposure to clients involved in coal mining or coal energy in EU and OECD countries by 2030. KB Financial Group's targets are aligned with the Science Based Targets initiative (SBTi), which includes a commitment to achieve SBTs across corporate instruments, commercial real estate, and electricity generation project finance portfolios by 2030, covering approximately 12.89% of their total investment and lending activities as of December 31, 2019. These initiatives reflect KB Financial Group's dedication to addressing climate change and reducing its carbon footprint in line with global climate goals.
Unlock detailed emissions data
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.
Industrial And Commercial Bank Of China
Ubs
Sumitomo Mitsui Financial
JP Morgan Chase
Standard Chartered PLC
Mizuho Bank
Frequently Asked Questions
Common questions about Kb Financial's sustainability data and climate commitments
Let us know if this data was useful to you
Usage Policy
You're welcome to quote or reference data from this page, but please include a visible link back to this URL.
Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.