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 46 is higher than 67% 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 930,090 kg CO2e, a decrease from about 974,630 kg CO2e in 2023. These figures represent the bank's Scope 1 and Scope 2 emissions, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. The bank's emissions data is cascaded from its parent company, KB Financial Group Inc., which also oversees various climate initiatives, including SBTi (Science Based Targets initiative) commitments. However, specific reduction targets or achievements have not been disclosed, indicating a potential area for future development in their climate strategy. In 2022, KB Kookmin Bank's emissions were reported at approximately 775,350 kg CO2e, reflecting a commitment to reducing its carbon footprint over the years. The bank's emissions intensity metrics, such as GHG emissions per unit of revenue and per employee, are also tracked, although detailed figures for these metrics were not provided in the latest data. Overall, while KB Kookmin Bank has made strides in tracking and reporting its emissions, further clarity on specific reduction targets and initiatives would enhance its climate commitment profile.
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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.
