Korea Development Bank Sustainability Profile
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.
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
Korea Development Bank's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Korea Development Bank's reported carbon emissions
Korea Development Bank (KDB), headquartered in South Korea (KR), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges available at this time. It is important to note that KDB's climate commitments and any potential emissions data may be influenced by its status as a merged entity, which could involve cascading data from parent or related organisations. However, no specific sources or initiatives have been identified in this context. As KDB continues to navigate its climate strategy, the lack of publicly available emissions data and reduction initiatives highlights an opportunity for the bank to enhance its transparency and commitment to sustainability in alignment with industry standards.
How Carbon Intensive is Korea Development Bank's Industry?
How Carbon Intensive is Korea Development Bank's Location?
Korea Development Bank'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.
Korea Development Bank 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.
