Shinhan Bank
Shinhan Bank, a prominent financial institution in South Korea, is headquartered in Seoul and operates extensively across Asia and beyond. Founded in 1897, it has established itself as a leader in the banking industry, offering a diverse range of services including retail banking, corporate finance, and wealth management. Shinhan Bank is renowned for its innovative digital banking solutions and customer-centric approach, which set it apart in a competitive market. With a strong emphasis on technology, the bank has achieved significant milestones, including the launch of advanced mobile banking applications. Recognised for its robust financial performance, Shinhan Bank consistently ranks among the top banks in South Korea, reflecting its commitment to excellence and customer satisfaction. Its core offerings, such as personal loans, credit cards, and investment services, cater to a wide array of client needs, solidifying its position as a trusted financial partner.
DitchCarbon Score
How does Shinhan 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
Shinhan Bank's score of 47 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shinhan Bank's reported carbon emissions
In 2023, Shinhan Bank reported total carbon emissions of approximately 55.99 million tonnes CO2e, comprising 14.97 million tonnes from Scope 1, 6.18 million tonnes from Scope 2, and about 55.99 million tonnes from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, particularly in the financial services sector. Over the past few years, Shinhan Bank has demonstrated a proactive approach to reducing its carbon footprint. In 2022, the bank's total emissions were around 54.97 million tonnes CO2e, indicating a slight increase in emissions in 2023. However, the bank has set ambitious targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030. These targets cover 20% of its investment and lending activities, focusing on reducing greenhouse gas emissions from its operations (Scopes 1 and 2). Shinhan Bank is also a participant in the UN Global Compact's "Caring for Climate" initiative, reinforcing its commitment to sustainable practices. The bank has consistently received high scores in climate-related assessments, achieving an 'A' rating in the CDP climate change report for 2023, reflecting its ongoing efforts to enhance its environmental performance. Overall, Shinhan Bank's climate commitments and emissions data illustrate a dedication to addressing climate change and promoting sustainability within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,419,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 81,392,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 36,560,051,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Shinhan 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.
