Woori Bank
Woori Bank, officially known as Woori Financial Group, is a leading financial institution headquartered in Seoul, South Korea (KR). Established in 1899, the bank has evolved into a prominent player in the banking industry, offering a comprehensive range of services including retail banking, corporate finance, and wealth management. With a strong presence in major operational regions across Asia and beyond, Woori Bank is recognised for its innovative financial solutions tailored to meet diverse customer needs. The bank's core products, such as personal loans, savings accounts, and investment services, are distinguished by their customer-centric approach and advanced digital banking capabilities. Woori Bank has achieved notable milestones, including its successful international expansion and recognition for excellence in customer service. As a key player in the South Korean banking sector, Woori Bank continues to strengthen its market position through strategic initiatives and a commitment to financial inclusivity.
DitchCarbon Score
How does Woori 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 Bank's score of 19 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Woori Bank's reported carbon emissions
In 2023, Woori Bank reported total carbon emissions of approximately 72,857,000 kg CO2e, comprising 10,955,000 kg CO2e from Scope 1, 61,902,000 kg CO2e from Scope 2, and 4,591,900 kg CO2e from Scope 3 emissions. This marks a slight increase in emissions compared to previous years, with 2022 emissions recorded at about 71,471,000 kg CO2e. Woori Bank has demonstrated a commitment to reducing its carbon footprint, particularly in Scope 1 and Scope 2 emissions, which accounted for the majority of its total emissions. The bank has not specified any formal reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future development in their sustainability strategy. Over the years, Woori Bank has shown a trend of fluctuating emissions, with a peak in 2016 at approximately 88,470,000 kg CO2e. The bank's emissions intensity has improved, with GHG intensity per employee decreasing from about 6,630 kg CO2e in 2012 to approximately 5,310 kg CO2e in 2023. Overall, while Woori Bank has made strides in tracking and reporting its emissions, the absence of specific reduction targets highlights an opportunity for enhanced climate action and commitment to sustainability in the banking sector.
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Add to project| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 15,488,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 73,475,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Woori Bank is committed to some 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.
