The Korea Development Bank Sustainability Profile
The Korea Development Bank (KDB), headquartered in South Korea (KR), is a leading financial institution established in 1954. Renowned for its pivotal role in the nation’s economic development, KDB primarily operates in the banking and financial services industry, focusing on corporate banking, investment banking, and project financing. With a commitment to fostering growth in key sectors, KDB offers a range of unique products and services, including loans tailored for infrastructure projects and support for small and medium-sized enterprises (SMEs). The bank has achieved significant milestones, positioning itself as a cornerstone of South Korea's financial landscape, and is recognised for its contributions to national economic policy and development initiatives.
DitchCarbon Score
How does The Korea Development Bank'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
The Korea Development Bank's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Korea Development Bank's reported carbon emissions
As of the latest available data, The Korea Development Bank (KDB) has not disclosed specific carbon emissions figures for recent years. However, historical data indicates that in 2018, KDB achieved a reduction of approximately 28,000 tonnes CO2e, while in 2017, the reduction was about 42,000 tonnes CO2e. These reductions are classified under unspecified scopes, as detailed emissions data for Scope 1, 2, and 3 are not available. KDB has not set specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's climate initiatives appear to focus on general emissions reductions without detailed public commitments or structured targets. The emissions data is not cascaded from any parent organization, indicating that KDB operates independently in its climate reporting. Overall, while KDB has made strides in reducing its carbon footprint, further transparency and specific targets would enhance its climate commitment profile.
How Carbon Intensive is The Korea Development Bank's Industry?
How Carbon Intensive is The Korea Development Bank's Location?
The Korea Development Bank'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.
The Korea Development Bank 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.
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Cdb
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