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Industrial Bank of Korea
Industrial Bank of Korea's GHG Emissions Data Preview
In 2023, Industrial Bank of Korea completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Industrial Bank of Korea has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Industrial Bank of Korea’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Industrial Bank of Korea’s data sources below and access millions more through our Disclosure Search.
Insights into Industrial Bank of Korea's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofIndustrial Bank of Korea amounted to55,233metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Industrial Bank of Koreadecreased by 1.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Industrial Bank of Korea's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Industrial Bank of Korea's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Industrial Bank of Korea were 6,242 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Industrial Bank of Korea reduced its Scope 1 emissions over time?
Since 2019, Industrial Bank of Korea's Scope 1 emissions have decreased by 45.17%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2022), Industrial Bank of Korea's Scope 1 emissions decreased by 5.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Industrial Bank of Korea's Scope 2 emissions?
In 2023, Industrial Bank of Korea reported Scope 2 greenhouse gas (GHG) emissions of 48,991 tCOâ‚‚e without specifying the calculation method.a
Has Industrial Bank of Korea reduced its Scope 2 emissions over time?
Since 2019, Industrial Bank of Korea's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have remained relatively stable, indicating that Industrial Bank of Korea's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year(2022), Industrial Bank of Korea's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Industrial Bank of Korea's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Industrial Bank of Korea use for Scope 2 reporting?
In 2023, Industrial Bank of Korea reported its Scope 2 emissions using an unspecified methodology.a
Industrial Bank of Korea's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Industrial Bank of Korea's Value Chain Emissions
In 2023, Industrial Bank of Korea reported 16,720.08 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Industrial Bank of Korea includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,down from 5 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Industrial Bank of Korea's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Industrial Bank of Korea's Scope 3 emissions?
In 2023, Industrial Bank of Korea reported total Scope 3 emissions of 16,720.08 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Industrial Bank of Korea reduced its Scope 3 emissions over time?
Since 2019, Industrial Bank of Korea's Scope 3 emissionshave decreased by 25.26%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2022), Industrial Bank of Korea's Scope 3 emissions decreased by 99.94%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Industrial Bank of Korea disclose?
In 2023, Industrial Bank of Korea reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Industrial Bank of Korea's Scope 3 emissions?
In 2023, the largest contributors to Industrial Bank of Korea's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 11,774.25 tCOâ‚‚e(70.42%)
- Business Travel (Cat. 6): 3,485.34 tCOâ‚‚e(20.85%)
- Purchased Goods and Services (Cat. 1): 1,214.25 tCOâ‚‚e(7.26%)
Industrial Bank of Korea's Scope 3 Emissions by Categories
Insights into Industrial Bank of Korea’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Industrial Bank of Korea reported Scope 1 greenhouse gas (GHG) emissions of 6,242 tCOâ‚‚e and total revenues of USD 7,767 millions. This translates into an emissions intensity of 0.8 tCOâ‚‚e per millions USD.a
Industrial Bank of Korea's Scope 1 Emissions Intensity Compared to Peers
How does Industrial Bank of Korea's GHG emissions intensity compare to its peers?
In 2023, Industrial Bank of Korea reported a Scope 1 emissions intensity of 0.8 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Industrial Bank of Korea rank on GHG emissions intensity within its industry?
In 2023, Industrial Bank of Korea ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Industrial Bank of Korea is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Industrial Bank of Korea's Total Carbon Footprint
In 2023, Industrial Bank of Korea reported a total carbon footprint of 71,953.08 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.76% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Industrial Bank of Korea's total carbon footprint was Scope 2 emissions, accounting for 68.09% of the company's total carbon footprint, followed by Scope 3 emissions at 23.24%.a