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 44 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 2022, KB Kookmin Bank reported total carbon emissions of approximately 223,952,000 kg CO2e, comprising about 95,965,000 kg CO2e from Scope 1 and about 128,987,000 kg CO2e from Scope 2. This data reflects a decrease from 2021, where emissions were about 232,958,000 kg CO2e, with Scope 1 at approximately 100,491,000 kg CO2e and Scope 2 at about 132,467,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data for 2022, but in 2019, it reported approximately 26,761,188,000 kg CO2e in Scope 3 emissions, indicating a significant area for potential improvement. KB Kookmin Bank's emissions data is cascaded from its parent company, KB Financial Group Inc., which oversees various sustainability initiatives, including commitments to the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or climate pledges have not been detailed in the available information. Overall, KB Kookmin Bank is actively engaged in monitoring and reporting its carbon emissions, aligning with industry standards for transparency and accountability in climate commitments.
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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.
