KB Savings Bank Co., Ltd. Sustainability Profile
KB Savings Bank Co., Ltd., headquartered in South Korea, is a prominent player in the financial services industry, specialising in savings and investment products. Established in 1963, the bank has achieved significant milestones, including expanding its operations across major regions in Korea, thereby solidifying its market presence. The bank offers a range of core services, including savings accounts, personal loans, and investment solutions, distinguished by competitive interest rates and customer-centric features. KB Savings Bank is recognised for its commitment to innovation and financial inclusion, catering to a diverse clientele. With a strong reputation for reliability and service excellence, the bank continues to enhance its position in the competitive landscape of South Korea's banking sector.
DitchCarbon Score
How does KB Savings Bank Co., Ltd.'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 Services Auxiliary to 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 Savings Bank Co., Ltd.'s score of 56 is higher than 75% 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 Savings Bank Co., Ltd., headquartered in South Korea (KR), currently does not have specific carbon emissions data available for the most recent year. The bank is a current subsidiary of KB Financial Group Inc., which influences its climate commitments and initiatives. As part of its corporate family, KB Savings Bank Co., Ltd. adheres to the sustainability and climate strategies set forth by KB Financial Group Inc. This includes participation in various climate initiatives such as the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the RE100 commitment to renewable energy. However, specific reduction targets or achievements have not been disclosed. While no absolute emissions figures are reported, KB Savings Bank Co., Ltd. is aligned with its parent company's broader climate commitments, which aim to enhance sustainability and reduce carbon footprints across its operations. The absence of direct emissions data highlights the need for ongoing transparency and accountability in the financial sector's response to climate change.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,868,690 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 42,836,850 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 0,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is KB Savings Bank Co., Ltd.'s Industry?
How Carbon Intensive is KB Savings Bank Co., Ltd.'s Location?
KB Savings Bank Co., Ltd.'s Scope 3 Categories Breakdown
KB Savings Bank Co., Ltd.'s Scope 3 emissions, which increased by 375% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
KB Savings Bank Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
KB Savings Bank Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
