NongHyup Financial Group Inc. Sustainability Profile
NongHyup Financial Group Inc., commonly referred to as NH Financial Group, is a prominent financial services provider headquartered in South Korea (KR). Established in 1961, the group has significantly evolved, becoming a key player in the banking, insurance, and investment sectors across Asia. With a strong presence in both retail and corporate banking, NH Financial Group offers a diverse range of products and services, including loans, savings accounts, and insurance solutions tailored to meet the needs of its clients. The company is renowned for its commitment to customer service and innovative financial solutions, which have solidified its market position. Over the years, NH Financial Group has achieved notable milestones, including expanding its operations internationally, thereby enhancing its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does NongHyup Financial Group Inc.'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 Real Estate Services 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 Financial Group Inc.'s score of 17 is lower than 83% 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 Financial Group Inc.'s reported carbon emissions
In 2022, NongHyup Financial Group Inc., headquartered in South Korea, reported a carbon intensity of approximately 0.0051 kg CO2e per employee, with no specific total emissions data disclosed for Scope 1, 2, or 3. The previous years also reflect similar carbon intensity figures, with 0.0052 kg CO2e per employee in 2021 and 0.0053 kg CO2e per employee in 2020. NongHyup Financial Group has set near-term targets aligned with a 1.5°C pathway, aiming to cover 21% of its total investment and lending portfolio by 2026. As of 2021, required activities constituted 19% of their total investment and lending, while optional activities accounted for 6%. Notably, these targets do not include third-party asset management activities, which represented 9% of their total assets. The company's climate commitments are cascaded from its parent organization, the National Agricultural Cooperative Federation, which influences its sustainability initiatives. Overall, NongHyup Financial Group is actively working towards reducing its carbon footprint and aligning its operations with global climate goals.
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NongHyup Financial Group Inc.'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 Financial Group Inc. 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.
