- Transition risks (policy and legal, technology, market, reputation), Physical risks (acute and chronic)
- Data uncertainties in emissions information for Land-Use, Land-Use Change, and Forestry (LULUCF).
Shinhan Financial Group
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Shinhan Financial Group disclosed greenhouse gas emissions of 100.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 14.7K tCO2e/year; Scope 2: 85.4K tCO2e/year; Scope 3: 51.0M tCO2e/year (financed emissions). 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
100.1K tCO2e/year (Scope 1 & 2)
2022
Energy Use
22.0K TOE/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 14.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 85.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 51.0M tCO2e/year (financed emissions) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 emissions from 101,188 tCO2eq in 2021 to 100,080 tCO2eq in 2022. Achieved a 33.7% reduction in financed emissions by 2030, aiming for net-zero by 2050.
- Joined RE100 to reduce internal carbon emissions.
🎯 Climate & Sustainability Targets
📅 Medium-term
- 33.7% reduction in financed emissions by 2030
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate Change