Kb Financial

KB Financial, a financial intermediation services company based in South Korea, reported its latest available emissions data for 2025. In 2025, the company's Scope 1 emissions were approximately 22.25 million kg CO2e, and its Scope 2 emissions (location-based) were around 126.67 million kg CO2e. Scope 3 emissions totalled approximately 345.37 million kg CO2e, with significant contributions from downstream leased assets (around 248.59 million kg CO2e) and employee commuting (about 29.16 million kg CO2e). In 2024, the company's Scope 1 emissions were approximately 22.51 million kg CO2e, Scope 2 emissions (location-based) were around 132.81 million kg CO2e, and Scope 3 emissions were approximately 693.88 million kg CO2e. For 2023, KB Financial's Scope 1 emissions were approximately 23.33 million kg CO2e, Scope 2 emissions (location-based) were about 132.12 million kg CO2e, and Scope 3 emissions were around 679.39 million kg CO2e.

KB Financial has set several climate commitments. The company aims to achieve a 42% reduction in greenhouse gas emissions by 2030 and net-zero operational emissions (Scope 1 and 2) by 2040, against a 2020 base year, aligning with a 1.5°C scenario. Additionally, KB Financial Group aims for net-zero financed emissions (Scope 3) by 2050.

The company has also set Science-Based Targets (SBTs) for its corporate instruments (equity, bonds, loans), commercial real estate, and electricity generation project finance portfolios, targeting reductions by 2030 from a 2019 base year. These portfolio targets cover 12.9% of its total investment and lending activities. Specific intensity targets include reducing 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. Furthermore, KB Financial Group commits to align its corporate loans, listed equity, and corporate bonds portfolios to specific temperature scores by 2025. The targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C, according to the Science Based Targets initiative (SBTi). All presented data is directly from KB Financial Group Inc.