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Financial Intermediation
KR
updated 14 days ago

NongHyup Bank

Company website

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.

22

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.

30

Industry Benchmark

NongHyup Bank's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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NongHyup Bank's reported carbon emissions

Inherited from NongHyup Financial Group Inc.

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.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. NongHyup 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 NongHyup 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.

NongHyup 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

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Where does DitchCarbon data come from?

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

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