Nonghyup Bank
Nonghyup Bank, officially known as the National Agricultural Cooperative Federation (NACF), is a prominent financial institution headquartered in South Korea (KR). Established in 1961, the bank has played a pivotal role in supporting the agricultural sector while expanding its services across various regions, including urban centres and rural communities. Operating primarily in the banking and financial services industry, Nonghyup Bank offers a diverse range of products, including personal and corporate banking, investment services, and agricultural financing. Its unique focus on the agricultural community distinguishes it from other banks, fostering economic growth in this vital sector. With a strong market position, Nonghyup Bank has achieved significant milestones, including the establishment of a robust digital banking platform, enhancing accessibility for its customers. The bank continues to be a key player in South Korea's financial landscape, committed to innovation and community support.
DitchCarbon Score
How does Nonghyup 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
Nonghyup Bank's score of 20 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nonghyup Bank's reported carbon emissions
Nonghyup Bank, headquartered in South Korea, currently does not have publicly available carbon emissions data for the most recent year. However, the bank has established significant climate commitments aimed at reducing its environmental impact. Nonghyup Financial Group has set near-term targets aligned with the 1.5°C climate goal, focusing on greenhouse gas emissions from its operations, specifically covering Scope 1 and Scope 2 emissions. As of 2021, the bank's portfolio targets encompass approximately 21% of its total investment and lending by total assets. This includes required activities, which accounted for about 19%, while optional activities made up about 6%, and out-of-scope activities constituted around 75%. While Nonghyup Bank has not committed to a net-zero target, its initiatives reflect a proactive approach to addressing climate change within the financial sector. The bank's efforts are part of a broader trend among financial institutions to integrate sustainability into their operations and investment strategies.
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.
Nonghyup Bank is committed to some reduction initiatives 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.
