Shinhan Card Co., Ltd.
Shinhan Card Co., Ltd., a leading player in the financial services industry, is headquartered in South Korea (KR) and operates extensively across the Asia-Pacific region. Founded in 1984, the company has established itself as a pioneer in credit card services, offering a diverse range of financial products tailored to meet the needs of consumers and businesses alike. With a focus on innovation, Shinhan Card provides unique offerings such as contactless payment solutions and customised rewards programmes, setting it apart in a competitive market. The company has achieved significant milestones, including being one of the first to introduce mobile payment technologies in South Korea. Recognised for its strong market position, Shinhan Card continues to enhance customer experiences while maintaining a commitment to financial excellence and security.
DitchCarbon Score
How does Shinhan Card Co., Ltd.'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 Card Co., Ltd.'s score of 52 is higher than 97% 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 Card Co., Ltd.'s reported carbon emissions
In 2023, Shinhan Card Co., Ltd. reported total carbon emissions of approximately 7,555,000 kg CO2e, comprising 1,379,000 kg CO2e from Scope 1, 6,176,000 kg CO2e from Scope 2, and 631,709,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, which spans all three scopes. In 2022, the company recorded total emissions of about 8,268,000 kg CO2e, with Scope 1 emissions at 1,381,000 kg CO2e, Scope 2 at 6,887,000 kg CO2e, and Scope 3 emissions reaching 697,975,000 kg CO2e. The 2021 figures showed a total of approximately 8,314,000 kg CO2e, indicating a slight decrease in emissions over the years. Despite these figures, Shinhan Card has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for further commitment to climate action within the financial services sector. The company’s emissions data highlights the significant impact of their investment activities, particularly in Scope 3 emissions, which are primarily driven by their investment portfolio. Overall, while Shinhan Card demonstrates a commitment to emissions reporting, the lack of defined reduction targets indicates an opportunity for enhanced climate commitments moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 430,500 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,540,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,526,000 | 0,000,000 | 000,000,000 | 000,000,000 | 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 Card Co., Ltd. is not participating in any 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.
