Shinhan Bank America Sustainability Profile
Shinhan Bank America, a subsidiary of Shinhan Financial Group, is a prominent player in the banking industry, headquartered in the United States. Established in 2005, the bank has rapidly expanded its operations across major regions, including New York and Los Angeles, providing a range of financial services tailored to both individual and corporate clients. Specialising in retail banking, commercial lending, and wealth management, Shinhan Bank America distinguishes itself through its commitment to customer service and innovative financial solutions. The bank's core offerings include personal and business accounts, loans, and investment services, all designed to meet the diverse needs of its clientele. With a strong market position, Shinhan Bank America has achieved notable milestones, including recognition for its robust financial performance and community engagement initiatives. As it continues to grow, the bank remains dedicated to fostering financial well-being for its customers across the United States.
DitchCarbon Score
How does Shinhan Bank America'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 America's score of 53 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shinhan Bank America currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of Shinhan Financial Group Co., Ltd., which may influence its climate commitments and initiatives. While no direct emissions data is provided, Shinhan Bank America inherits its climate commitments from its parent organisation, Shinhan Financial Group Co., Ltd. This includes participation in various sustainability initiatives such as the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the RE100 initiative, all of which are cascaded down from the parent company. These initiatives aim to enhance transparency and accountability in carbon emissions management and promote the transition to renewable energy sources. As of now, there are no specific reduction targets or achievements reported for Shinhan Bank America. However, the overarching commitments from Shinhan Financial Group Co., Ltd. suggest a focus on reducing carbon footprints and enhancing sustainability practices across its subsidiaries.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 10,604,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 61,628,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 36,560,051,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Shinhan Bank America's Industry?
How Carbon Intensive is Shinhan Bank America's Location?
Shinhan Bank America'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.
Shinhan Bank America has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
