Woori Bank

Woori Bank, a financial intermediation services provider based in South Korea, reported its carbon emissions for 2023 as 77,557,000 kg CO2e. This total comprises Scope 1 emissions of 10,955,000 kg CO2e, Scope 2 emissions of 61,902,000 kg CO2e, and Scope 3 emissions of 4,591,900 kg CO2e. Key categories within Scope 3 emissions for 2023 include upstream transportation and distribution at 1,676,400 kg CO2e, purchased goods and services at 1,125,600 kg CO2e, and business travel at 1,110,100 kg CO2e.

Looking back, Woori Bank's total emissions in 2022 were 75,448,500 kg CO2e, with Scope 1 at 10,764,000 kg CO2e, Scope 2 at 60,707,000 kg CO2e, and Scope 3 at 3,977,500 kg CO2e. In 2021, total emissions were 78,778,700 kg CO2e, consisting of 10,713,000 kg CO2e from Scope 1, 64,121,000 kg CO2e from Scope 2, and 3,944,700 kg CO2e from Scope 3. The 2020 total emissions stood at 85,759,000 kg CO2e, with Scope 1 at 11,689,000 kg CO2e, Scope 2 at 67,311,000 kg CO2e, and Scope 3 at 5,059,000 kg CO2e.

Woori Bank's SBTi reduction targets are cascaded from its ultimate parent, Woori Financial Group Inc., through a corporate family relationship. No additional specific reduction targets or climate pledges were provided.