Public Profile

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.

48

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.

26

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.

97%

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. Specifically, KB Financial aims for a 12.89% reduction in emissions related to corporate instruments, commercial real estate, and electricity generation project finance portfolios, which collectively represent 12.89% of its total investment and lending activities. KB Financial's commitment aligns with global climate initiatives, aiming to limit warming to 1.5°C. The targets encompass both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to sustainability within the financial sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20092010201120162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Kb Financial's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Kb Financial is headquartered in KR, which we do not have grid emissions data for.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

Was this information valuable to you?

Similar Organizations

Mandiri

ID
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Societe Generale

FR
Services auxiliary to financial intermediation (67)
Updated 25 minutes ago

JP Morgan Chase

US
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Korea Development Bank

KR
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

Standard Bank

ZA
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Bank Of East Asia

HK
Financial intermediation services, except insurance and pension funding services (65)
Updated 6 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers