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KB Financial Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, KB Financial Group disclosed greenhouse gas emissions of 125.8K tCO2eq (Scope 1&2 in 2023). By scope: Scope 3: 49.22 million tons (end of 2022). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
125.8K tCO2eq (Scope 1&2 in 2023)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 49.22 million tons (end of 2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 125.8K tCO2eq (Scope 1&2 in 2023) |
| 2022 | 129.0K tCO2e/year (Scope 1&2) |
| 2021 | 139.9K tCO2e (2020) |
| 2020 | 139.9K tCO2e (Scope 1+2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational emissions (Scope 1&2) by approximately 3,175 tCO2eq year-on-year in 2023. This is attributable to active energy-saving programs, including increased installation of renewable energy power generation facilities, increased business vehicle conversion to eco-friendly vehicles, and resource circularity and enhanced energy efficiency.
- Declared “anti-coal financing” in 2020, ending new investments in coal-fired power plant construction.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Assess and potentially adjust climate change and win-win financing targets based on market conditions.
📅 Medium-term
- Achieve a 42% reduction in operational emissions (Scope 1&2) compared to 2020 levels by 2030 and net-zero by 2040.
- Achieve a 33.3% reduction in financed emissions compared to 2019 levels by 2030, 61% by 2040, and net-zero by 2050.
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate Change MitigationFinancial Health & Inclusion (Win-Win Financing)