Public Profile

Korea Development Bank

Korea Development Bank (KDB), headquartered in Seoul, South Korea, is a leading financial institution in the development banking sector. Established in 1954, KDB has played a pivotal role in the nation’s economic growth, focusing on providing financial support to key industries and infrastructure projects. Operating primarily in South Korea, KDB also extends its services to international markets, enhancing its global footprint. The bank offers a range of core products, including project financing, corporate loans, and investment banking services, distinguished by its commitment to fostering sustainable development. With a strong market position, KDB has achieved notable milestones, such as its involvement in major national projects and its role in promoting innovation and entrepreneurship. As a trusted partner in economic development, KDB continues to contribute significantly to South Korea's financial landscape.

DitchCarbon Score

How does Korea Development 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.

23

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.

26

Industry Benchmark

Korea Development Bank's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

21%

Let us know if this data was useful to you

Korea Development Bank's reported carbon emissions

In 2024, Korea Development Bank (KDB) reported significant carbon emissions totalling approximately 20,152,097,000 kg CO2e for Scope 1, 2,526,564,000 kg CO2e for Scope 2, and 3,591,145,000 kg CO2e for Scope 3 emissions. Notably, the majority of their emissions stem from purchased goods and services, accounting for about 14,479,834,000 kg CO2e within Scope 3. Despite the substantial emissions figures, KDB has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. This lack of defined climate commitments may reflect broader industry trends, where financial institutions are increasingly scrutinised for their environmental impact and sustainability practices. As KDB continues to operate within a global context, the need for robust climate strategies and transparent reporting will be essential for aligning with international climate goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2024
Scope 1
20,152,097,000
Scope 2
2,526,564,000
Scope 3
3,591,145,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Korea Development Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Korea Development Bank is in KR, which we do not have grid emissions data for.

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.

Korea Development Bank is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Hana Bank Co., Ltd.

KR
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 months ago
DitchCarbon Score

HSBC Bank plc

GB
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Kb Kookmin Bank

KR
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Sumitomo Mitsui Financial

JP
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Mitsubishi Ufj Financial

JP
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers