Shinhan Card Co., Ltd. Sustainability Profile
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 53 is higher than 71% 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 and 6,176,000 kg CO2e from Scope 2 emissions. This represents a reduction from 2022, where total emissions were about 8,268,000 kg CO2e, with Scope 1 at 1,381,000 kg CO2e and Scope 2 at 6,887,000 kg CO2e. Shinhan Card's emissions data is cascaded from its parent company, Shinhan Financial Group Co., Ltd., which oversees various sustainability initiatives, including commitments to the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements have not been disclosed for Shinhan Card itself. The company does not currently report Scope 3 emissions, which are often significant in the financial services sector. As part of its climate commitments, Shinhan Card is aligned with broader corporate sustainability efforts within its group, focusing on reducing its carbon footprint and enhancing transparency in emissions reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,020,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,294,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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Shinhan Card Co., Ltd.'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 Card Co., Ltd. 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.
