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 44 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 environmental impact, although no specific reduction targets or initiatives have been disclosed. In the previous years, emissions were as follows: in 2022, total emissions were about 8,268,000 kg CO2e; in 2021, they reached approximately 8,314,000 kg CO2e; in 2020, emissions were around 6,000,000 kg CO2e; and in 2019, they totalled about 4,000,000 kg CO2e. The company has shown fluctuations in emissions, particularly in Scope 3, which is significantly higher than Scope 1 and 2 combined. Shinhan Card's climate commitments currently lack defined reduction targets, indicating a potential area for future development in their sustainability strategy. The company operates within a global context where financial institutions are increasingly held accountable for their carbon footprints, making it essential for them to establish clear and actionable climate goals.
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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 committed to any 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.
