Standard Chartered Bank Korea Limited Sustainability Profile
Standard Chartered Bank Korea Limited, a subsidiary of the renowned Standard Chartered Group, is headquartered in Seoul, South Korea. Established in 2004, the bank has rapidly positioned itself as a key player in the financial services industry, focusing on corporate banking, retail banking, and wealth management. With a commitment to innovation, Standard Chartered offers a range of unique products and services, including tailored financial solutions that cater to both individual and corporate clients. The bank's strong emphasis on digital banking and customer-centric services has garnered it a notable market position within the region. Recognised for its robust risk management practices and sustainable finance initiatives, Standard Chartered Bank Korea continues to achieve significant milestones, reinforcing its reputation as a trusted financial partner in the Asia-Pacific market.
DitchCarbon Score
How does Standard Chartered Bank Korea Limited'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
Standard Chartered Bank Korea Limited's score of 37 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Standard Chartered Bank Korea Limited's reported carbon emissions
In 2022, Standard Chartered Bank Korea Limited reported its carbon emissions data as part of its parent company, Standard Chartered PLC. The bank's emissions data is cascaded from the parent organisation, which operates globally. However, specific absolute emissions figures for Scope 1, 2, and 3 were not disclosed for Standard Chartered Bank Korea Limited. The bank's emissions intensity metrics include Scope 1 emissions related to various sectors, such as a power revenue emissions intensity of approximately 6.3 kg CO2e per USD, steel revenue emissions intensity of about 2.7 kg CO2e per USD, and shipping production emissions intensity of approximately 0.0074 kg CO2e per Vkm. These figures reflect the bank's operational impact but do not provide a total emissions figure. Currently, Standard Chartered Bank Korea Limited has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives. The bank's climate commitments are aligned with those of its parent company, Standard Chartered PLC, which is involved in various sustainability initiatives, including the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). As a current subsidiary of Standard Chartered PLC, Standard Chartered Bank Korea Limited is expected to adhere to the broader climate strategies and commitments established by its parent organisation, although specific targets for the Korean branch have not been detailed.
How Carbon Intensive is Standard Chartered Bank Korea Limited's Industry?
How Carbon Intensive is Standard Chartered Bank Korea Limited's Location?
Standard Chartered Bank Korea Limited'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.
Standard Chartered Bank Korea Limited 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.
