Woori Bank, officially known as Woori Bank Co., Ltd., is a leading financial institution headquartered in Seoul, South Korea. Established in 1899, it has a long-standing history of providing comprehensive financial intermediation services, excluding insurance and pension funding. The bank operates extensively across South Korea and maintains a significant presence in international markets, serving a diverse client base.
Specialising in retail banking, corporate banking, and wealth management, Woori Bank is recognised for its innovative financial products and customer-centric approach. Its core offerings include personal loans, corporate financing, and digital banking solutions, which are distinguished by their accessibility and technological integration. As one of South Korea’s prominent banks, Woori Bank has achieved notable milestones in digital transformation and market expansion, solidifying its position within the financial services industry.
+7 vs industry average
Woori Bank’s score of 44 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Woori Bank's reported carbon emissions
Woori Bank, a financial intermediation services provider headquartered in KR, has reported its carbon emissions and climate commitments.
For the 2023 reporting year, Woori Bank's total calculated emissions were approximately 70,704,000 kg CO2e. This breaks down into Scope 1 emissions of about 10,955,000 kg CO2e, Scope 2 emissions of approximately 61,902,000 kg CO2e, and Scope 3 emissions totalling around 4,591,900 kg CO2e. Key Scope 3 categories included purchased goods and services (approximately 1,125,600 kg CO2e), upstream transportation and distribution (about 1,676,400 kg CO2e), and business travel (approximately 1,110,100 kg CO2e).
In 2022, Woori Bank reported total calculated emissions of roughly 70,548,500 kg CO2e. This comprised Scope 1 emissions of about 10,764,000 kg CO2e, Scope 2 emissions of approximately 60,707,000 kg CO2e, and Scope 3 emissions totalling around 3,977,500 kg CO2e.
Woori Bank's climate commitments are detailed within its ESG reports, with Scope 1, 2, and 3 emissions being disclosed. The bank's emissions data is cascaded from Woori Financial Group Inc., with Woori Bank itself being a current subsidiary. Specific reduction targets for Woori Bank have not been publicly disclosed in the provided documentation.
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Woori Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Woori Bank yet.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Woori Financial Group Inc.
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Woori Bank
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