Kb Financial
Kb Financial Group, headquartered in South Korea (KR), is a prominent player in the financial services industry, offering a diverse range of products and services. Founded in 2008, the company has rapidly established itself as a leader in banking, asset management, and insurance, catering to both individual and corporate clients across major operational regions in Asia. With a commitment to innovation, Kb Financial Group provides unique solutions such as digital banking services and tailored investment products, setting itself apart in a competitive market. The company has achieved significant milestones, including recognition for its robust financial performance and customer-centric approach. As a key player in the South Korean financial landscape, Kb Financial Group continues to enhance its market position through strategic initiatives and a focus on sustainable growth.
DitchCarbon Score
How does Kb Financial'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
Kb Financial's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kb Financial's reported carbon emissions
In 2023, KB Financial Group reported total carbon emissions of approximately 679,402,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 679,402,000 kg CO2e. Specifically, Scope 1 emissions were about 13,429,000 kg CO2e, and Scope 2 emissions totalled approximately 112,383,000 kg CO2e. The combined Scope 1 and 2 emissions reached about 125,812,000 kg CO2e. KB Financial Group has set ambitious climate commitments, aiming for a 42% reduction in greenhouse gas emissions (Scope 1 and 2) by 2030, relative to a 2020 baseline. Additionally, the group is targeting net-zero operational emissions by 2040. For Scope 3 emissions, the company aims to achieve net-zero financed emissions by 2050. The group has also committed to Science-Based Targets (SBTs) for its corporate instruments, including equity, bonds, and loans, with a target to cover approximately 12.89% of its total investment and lending activities by 2030, based on a 2019 baseline. These targets are aligned with the 1.5°C scenario, reflecting a commitment to significant climate action within the financial sector. Overall, KB Financial Group's emissions data and climate commitments demonstrate a proactive approach to addressing climate change and reducing its carbon footprint.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 14,868,690 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 42,836,850 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
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.
Kb Financial is participating in some of the initiatives that 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.
