- Growing environmental footprint due to increasing data volume
- Rising threats against convenient mobile finance (voice phishing, fraud)
- Maintaining stable service operations while expanding as a platform
KakaoBank Corp.
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, KakaoBank Corp. disclosed greenhouse gas emissions of 3.0K tCO2e/year. By scope: Scope 2: 3.0K tCO2e/year. 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
3.0K tCO2e/year
2021
Water Usage
1.7K m3/year
2021
Energy Use
61.8M MJ/year
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.0K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced carbon emissions from 1,256 tCO2eq to 179 tCO2eq through server virtualization (equivalent to planting 100,000 trees annually)
- Implemented paperless services, reducing paper consumption
- Launched the Cardless Project to reduce plastic card issuance
🎯 Climate & Sustainability Targets
🔜 Short-term
- Establishing company-wide environmental management policies; Establishing green procurement guidelines
📅 Medium-term
- Establishing environmental management organizations and systems; Management systems for environmental risks including climate change; Scope 1 and 2 greenhouse gases management
🔭 Long-term
- Establishing environmental impact assessment systems; Environmental accounting and internal carbon pricing to manage environmental costs; Scope 3 greenhouse gases management; Increasing use of new and renewable energy; Establishing foundations for green bonds issuance
🌱 ESG Focus Areas
Extending AccessProtecting the EnvironmentExpanding Social ResponsibilitiesIncreasing Transparency