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OrganisationsShinhan Card Co., Ltd.
Shinhan Card Co., Ltd. logo

Shinhan Card Co., Ltd.

Financial IntermediationSouth Korea
Last verified 11 days agoshinhancard.com

Shinhan Card Co., Ltd., a leading player in the financial intermediation services sector, is headquartered in South Korea (KR). Established in 2002, the company has rapidly evolved to become a prominent provider of credit card and payment solutions, catering to a diverse clientele across major operational regions in Asia.

Specialising in innovative financial products, Shinhan Card offers a range of services, including credit cards, personal loans, and digital payment solutions, distinguished by their customer-centric approach and advanced technology. The company has achieved significant milestones, including numerous awards for service excellence and innovation in the financial sector, solidifying its market position as a trusted financial partner. With a commitment to enhancing customer experience, Shinhan Card continues to lead the way in the competitive landscape of financial services.

67
DitchCarbon score

+32 vs industry average

Shinhan Card Co., Ltd.’s score of 67 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2027

000.0B000.0B000.0B00.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Shinhan Card Co., Ltd.'s reported carbon emissions

Shinhan Card Co., Ltd., a financial intermediation services provider based in South Korea, reported a total of approximately 57.5 billion kg CO2e in emissions for the 2024 reporting year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the 2024 reporting year, Scope 1 emissions were approximately 13.6 million kg CO2e. Scope 2 emissions, calculated on a market-based approach, totalled approximately 67.5 million kg CO2e, with the location-based calculation at approximately 79.7 million kg CO2e. Scope 3 emissions were substantial, driven significantly by investments, which accounted for approximately 204.1 billion kg CO2e. Other notable Scope 3 categories include fuel and energy-related activities (approximately 13.1 million kg CO2e), employee commute (approximately 8.3 million kg CO2e), and purchased goods and services (approximately 2.0 million kg CO2e). In the 2023 reporting year, the company's total emissions were approximately 56.0 billion kg CO2e. This included Scope 1 emissions of approximately 15.0 million kg CO2e and Scope 2 emissions (market-based) of approximately 69.8 million kg CO2e. Their Scope 3 emissions for 2023 were dominated by investments, at approximately 220.3 billion kg CO2e. Shinhan Card's total emissions for the 2022 reporting year amounted to approximately 55.0 billion kg CO2e. Scope 1 emissions were approximately 14.7 million kg CO2e, and Scope 2 emissions (market-based) were approximately 100.1 million kg CO2e. Scope 3 emissions were again largely influenced by investments, totalling approximately 222.3 billion kg CO2e. For the 2021 reporting year, Scope 1 emissions were approximately 1.0 million kg CO2e, and Scope 2 emissions were approximately 7.3 million kg CO2e. The company has disclosed Scope 1 and Scope 2 data for this year, but has indicated that Scope 3 data for purchased goods and services was missing. Shinhan Card Co., Ltd. is part of the Shinhan Financial Group, which cascades climate information. The company's climate commitments and reduction targets are therefore influenced by the initiatives of Shinhan Financial Group. Specific reduction targets or achievements for Shinhan Card itself are not detailed in the provided information.

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Shinhan Card Co., Ltd.’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Shinhan Card Co., Ltd. yet.

Scope 3 top emissions categories

9 of 15 categories disclosed
Investments100%
Fuel & Energy Activities0%
Employee Commuting0%
Purchased Goods & Services0%
Use of Sold Products0%
Business Travel0%
Upstream Transportation & Distribution0%
Waste Generated in Operations0%
Investments100%
Fuel & Energy Activities0%
Employee Commuting0%
Purchased Goods & Services0%
Use of Sold Products0%
Business Travel0%
Upstream Transportation & Distribution0%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

Inherited from Shinhan Financial Group Co., Ltd.
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Not active
CDP

Carbon Disclosure Project

Inherited from Shinhan Financial Group Co., Ltd.
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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

Inherited from Shinhan Financial Group Co., Ltd.
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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Shinhan Card Co., Ltd. logoShinhan Card Co., Ltd.
KRFinancial Intermediation
11 days ago
67
Visa logoVisa
USFinancial Intermediation
6 days ago
100
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American Express logoAmerican Express
USFinancial Intermediation
11 days ago
83
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Mastercard logoMastercard
USFinancial Intermediation
13 days ago
79
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Paypal logoPaypal
USFinancial Intermediation
8 days ago
78
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Samsung logoSamsung
KRSemiconductor and Related Device Manufacturing
2 days ago
56
View
Discover Financial Services logoDiscover Financial Services
USFinancial Intermediation
26 days ago
53
View

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