Industrial Bank of Korea
Industrial Bank of Korea's Climate Target Data Preview
As of 2024, Industrial Bank of Korea has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 4 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Industrial Bank of Korea ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  | 2035 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data.  | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy restricted. Please purchase to unlock this data. | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | Copy restricted. Please purchase to unlock this data.  | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | Copy restricted. Please purchase to unlock this data.  | 2030 |
This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Industrial Bank of Korea's Greenhouse Gas Emissions Pathways
As of 2024, Industrial Bank of Korea has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.
Does Industrial Bank of Korea have a target to reduce the emissions from its operations?
As of 2024, Industrial Bank of Korea has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.
Industrial Bank of Korea's most ambitious operational target is to reduce these emissions by 77% by 2035, compared to a baseline of 59,554 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020.
As of 2023, Industrial Bank of Korea is lagging behind on its operational emissions reduction target, having achieved 10.1% of the planned reduction.
Industrial Bank of Korea's Operational (Scope 1+2) Emissions Pathway
Does Industrial Bank of Korea have a target to reduce the emissions from its value chain?
As of 2024, Industrial Bank of Korea has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.
Industrial Bank of Korea's most ambitious value chain target is to reduce these emissions by 75% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2021.
Instead of reducing value chain emissions, Industrial Bank of Korea has increased them, with 2022 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target.