Woori America Bank Sustainability Profile
Woori America Bank, a prominent financial institution headquartered in the United States, has established itself as a key player in the banking industry since its founding in 2006. With a strong presence in major operational regions such as New York and Los Angeles, the bank primarily serves the needs of individuals and businesses within the Korean-American community and beyond. Specialising in a range of core products and services, including personal and commercial banking, foreign exchange, and trade finance, Woori America Bank distinguishes itself through its commitment to customer service and tailored financial solutions. The bank has achieved notable milestones, positioning itself as a trusted partner in the financial landscape, and continues to expand its offerings to meet the evolving needs of its clientele.
DitchCarbon Score
How does Woori America 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
Woori America Bank's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woori America Bank, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Woori Financial Group Inc., any emissions data or climate commitments would be inherited from its parent organisation. Woori Financial Group Inc. has set various climate initiatives, although specific reduction targets or achievements for Woori America Bank are not detailed. The bank's climate commitments may align with broader goals set by its parent company, but no specific targets or initiatives have been disclosed at this time. As a part of the financial services industry, Woori America Bank is expected to engage in sustainable practices and contribute to climate action, but further information on their specific emissions or reduction strategies is currently unavailable.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 11,689,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 67,311,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,059,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Woori America Bank's Industry?
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Woori America Bank's Scope 3 Categories Breakdown
Woori America Bank's Scope 3 emissions, which decreased by 8% last year and decreased by approximately 26% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 5% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 41% of Scope 3 emissions.
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Woori America 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.
Woori America 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.
