Ditchcarbon
  • Contact
  1. Organizations
  2. Shinhan Bank
Public Profile
Financial Intermediation
KR
updated a month ago

Shinhan Bank

Company website

Shinhan Bank, officially known as Shinhan Bank Co., Ltd., is a leading financial institution headquartered in Seoul, South Korea (KR). Established in 1897, it has evolved into a prominent player in the banking industry, offering a wide range of services including retail banking, corporate banking, and wealth management. With a strong presence in major operational regions across Asia and beyond, Shinhan Bank is recognised for its innovative financial solutions and customer-centric approach. The bank's core products, such as personal loans, savings accounts, and investment services, are designed to meet diverse client needs, setting it apart in a competitive market. Notably, Shinhan Bank has achieved significant milestones, including being one of the first Korean banks to expand internationally, solidifying its market 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.

63

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.

27

Industry Benchmark

Shinhan Bank's score of 63 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

Let us know if this data was useful to you

Shinhan Bank's reported carbon emissions

In 2023, Shinhan Bank reported total carbon emissions of approximately 69,756,600 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 14,967,000 kg CO2e and Scope 2 emissions at approximately 54,790,000 kg CO2e. The bank's Scope 3 emissions were significantly higher, totalling about 55,986,848,000 kg CO2e, primarily driven by investments. Shinhan Bank has set ambitious climate commitments, aiming for a 46% reduction in its own carbon emissions (Scope 1) by 2030 compared to 2019 levels. Additionally, the bank plans to achieve an 88% reduction in Scope 2 emissions by 2040, also relative to 2019. The bank has committed to reaching net-zero emissions across all scopes by 2044, with a long-term target of achieving net-zero by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the bank's commitment to addressing climate change through significant reductions in its operational carbon footprint. Shinhan Bank's initiatives include expanding participation in eco-friendly projects and investing in renewable energy technologies to support these goals.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
Scope 1
14,086,500
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
76,108,400
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
20,891,700
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

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

Shinhan Bank is participating in some 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

Similar Organizations

Samsung

KR
•
Electrical machinery and apparatus n.e.c. (31)
Updated 7 days ago

Security Bank Corporation

PH
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

Hua Nan Commercial Bank

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Naver

KR
•
Other business services (74)
Updated 5 days ago

Woori Bank

KR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Kb Financial

KR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 6 days ago

Where does DitchCarbon data come from?

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

Ditchcarbon
v251028.3
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy