Kb Kookmin Bank
Kb Kookmin Bank, a leading financial institution in South Korea, is headquartered in Seoul and operates extensively across the Asia-Pacific region. Founded in 1963, the bank has established itself as a key player in the banking industry, offering a diverse range of services including retail banking, corporate finance, and wealth management. With a commitment to innovation, Kb Kookmin Bank has introduced unique products such as digital banking solutions and tailored financial services that cater to both individual and business clients. The bank's strong market position is underscored by its significant achievements, including being one of the largest banks in South Korea by assets. Kb Kookmin Bank continues to enhance its reputation through customer-centric services and a robust digital transformation strategy.
DitchCarbon Score
How does Kb Kookmin Bank'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 Kookmin Bank's score of 42 is higher than 92% 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 Kookmin Bank's reported carbon emissions
In 2022, Kb Kookmin Bank reported total carbon emissions of approximately 224,952,000 kg CO2e, comprising 95,965,000 kg CO2e from Scope 1 and 128,987,000 kg CO2e from Scope 2. The bank has not disclosed any Scope 3 emissions data for this year. Over the years, Kb Kookmin Bank has shown a trend of fluctuating emissions. In 2021, the bank's emissions were about 1,245,000 kg CO2e lower than in 2020, with Scope 1 emissions at 100,491,000 kg CO2e and Scope 2 at 132,467,000 kg CO2e. In 2020, the total emissions were approximately 139,888,000 kg CO2e from Scope 1 and 139,888,000 kg CO2e from Scope 2, alongside 5,213,540,000 kg CO2e from Scope 3. Despite these figures, Kb Kookmin Bank has not set specific reduction targets or disclosed any climate pledges, indicating a potential area for improvement in their climate commitments. The bank's emissions intensity has varied, reflecting its operational changes and revenue fluctuations, which stood at approximately 7,000,000,000 USD in 2022. Overall, while Kb Kookmin Bank has made strides in tracking its emissions, the absence of defined reduction targets suggests a need for a more robust climate strategy moving forward.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 19,179,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 112,322,000 | 000,000,000 | 00,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000 | 00,000,000,000 | 0,000,000,000 | 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 Kookmin Bank 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.
