Woori Bank

Woori Bank's reported carbon emissions

Woori Bank, headquartered in KR, reported a total of approximately 50,511,000,000 kg CO2e in emissions for the year 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For 2023, the bank's Scope 1 emissions totalled approximately 10,955,000 kg CO2e, while Scope 2 emissions amounted to approximately 61,902,000 kg CO2e. Scope 3 emissions were approximately 4,591,900 kg CO2e, with significant contributions from upstream transportation and distribution (approximately 1,676,400 kg CO2e), purchased goods and services (approximately 1,125,600 kg CO2e), and business travel (approximately 1,110,100 kg CO2e). In 2022, Woori Bank's total emissions were approximately 48,441,000 kg CO2e, comprising approximately 10,764,000 kg CO2e for Scope 1, approximately 60,707,000 kg CO2e for Scope 2, and approximately 3,977,500 kg CO2e for Scope 3. The breakdown for Scope 3 in 2022 included upstream transportation and distribution at approximately 1,698,200 kg CO2e and purchased goods and services at approximately 1,132,400 kg CO2e. The previous year, 2021, saw total emissions of approximately 48,577,000 kg CO2e, with Scope 1 at approximately 10,713,000 kg CO2e, Scope 2 at approximately 64,121,000 kg CO2e, and Scope 3 at approximately 3,944,700 kg CO2e. In 2020, Woori Bank reported a total of approximately 56,759,000 kg CO2e. This included Scope 1 emissions of approximately 11,689,000 kg CO2e, Scope 2 emissions of approximately 67,311,000 kg CO2e, and Scope 3 emissions of approximately 5,059,000 kg CO2e. Key components of Scope 3 for 2020 were upstream transportation and distribution (approximately 1,808,620 kg CO2e) and purchased goods and services (approximately 1,248,850 kg CO2e). Woori Bank's emissions data is cascaded from Woori Financial Group Inc., with its climate commitments and targets also managed at this group level. Currently, there are no specific documented reduction targets provided for Woori Bank itself in the available data, nor are there details on initiatives such as SBTi, CDP, RE100, CA100+, or the Climate Pledge that are directly attributed to the bank in the provided information.