NongHyup Bank Sustainability Profile
NongHyup Bank, officially known as the National Agricultural Cooperative Federation (NACF), is a prominent financial institution headquartered in South Korea. 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 notable milestones, including significant contributions to rural development and financial inclusion. Its commitment to innovation and customer service continues to solidify its reputation as a trusted financial partner in South Korea.
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 22 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NongHyup Bank, headquartered in South Korea (KR), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank is a current subsidiary of NongHyup Financial Group Inc., which may influence its climate commitments and initiatives. While there are no documented reduction targets or specific climate pledges from NongHyup Bank, it is important to note that the broader parent organisation, NongHyup Financial Group Inc., may have established sustainability goals and initiatives that could impact the bank's environmental strategies. However, details on these initiatives are not provided in the available data. As a current subsidiary, NongHyup Bank's climate commitments may align with those of its parent company, but specific targets or achievements related to carbon emissions reduction have not been disclosed. The bank's approach to climate action remains vague without concrete data or defined objectives.
How Carbon Intensive is NongHyup Bank's Industry?
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NongHyup 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.
NongHyup Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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