Shinhan Bank
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.
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 43 is higher than 94% 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 55,986,848,000 kg CO2e, comprising Scope 1 emissions of about 14,967,000 kg CO2e, Scope 2 emissions of approximately 54,790,000 kg CO2e (market-based), and Scope 3 emissions of about 55,986,848,000 kg CO2e. The bank's emissions have shown fluctuations over the years, with a total of about 100,080,000 kg CO2e in Scope 1 and 2 combined in 2022, and approximately 101,188,000 kg CO2e in 2021. Shinhan Bank has set near-term targets aligned with the Science Based Targets initiative (SBTi) to reduce greenhouse gas emissions from its operations (Scopes 1 and 2) in line with the 1.5°C pathway. The bank aims to cover 20% of its investment and lending activities by 2030, with a similar target set for 2025. However, it has not committed to a net-zero target as of now. The bank's commitment to addressing climate change is evident through its established targets, which are designed to contribute to global efforts in mitigating climate impacts while maintaining its operational growth.
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| 2020 | 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 | 30,638,100 | 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.
