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 43 is higher than 66% 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 2024, KB Kookmin Bank reported total carbon emissions of approximately 2,056,000 kg CO2e, with emissions distributed across various scopes: 282,000 kg CO2e (Scope 1), 1,590,000 kg CO2e (Scope 2), and 184,000 kg CO2e (Scope 3). This represents a slight decrease from 2023, where total emissions were about 2,169,000 kg CO2e, comprising 317,000 kg CO2e (Scope 1), 1,671,000 kg CO2e (Scope 2), and 181,000 kg CO2e (Scope 3). KB Kookmin Bank has made significant strides in reducing its carbon footprint, achieving a reduction of over 60% from its 2019 baseline by 2023. This commitment encompasses all scopes of emissions, demonstrating the bank's dedication to sustainability and climate action. The emissions data is cascaded from its parent company, KB Financial Group Inc., which oversees various sustainability initiatives, including those related to the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). Overall, KB Kookmin Bank's climate commitments reflect a proactive approach to managing and reducing carbon emissions, aligning with industry standards and contributing to broader environmental goals.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 139,888,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 21,778,141,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 26,761,188,000 | - | - | - |
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.
