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 85% 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) reported a reduction of approximately 28,000 kg CO2e in carbon emissions for the year 2018. This figure reflects efforts to mitigate environmental impact, although specific scopes of emissions (Scope 1, 2, or 3) were not disclosed. In 2017, KDB achieved a larger reduction of about 42,000 kg CO2e, indicating a commitment to decreasing its carbon footprint over time. Despite these reductions, KDB has not established specific science-based targets (SBTi) or formal climate pledges, nor does it disclose comprehensive emissions data across all scopes. The bank's initiatives appear to focus on general reductions rather than detailed emissions tracking. KDB's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from its own operations. The bank's commitment to reducing carbon emissions aligns with broader industry trends towards sustainability, although further transparency and specific targets would enhance its climate strategy.
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.
