KakaoBank Corp
KakaoBank's GHG Emissions Data Preview
In 2023, KakaoBank 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).
KakaoBank 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.  | 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. | 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. | 0000000 |
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Verified Sources Behind KakaoBank’s Greenhouse Gas (GHG) Emissions Data
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Insights into KakaoBank's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of KakaoBank amounted to 4,934.892 metric 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 KakaoBank increased by 26.12%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
KakaoBank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are KakaoBank's Scope 1 emissions?
In 2023, the total Scope 1 emissions of KakaoBank were 48.743 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2022), KakaoBank's Scope 1 emissions increased by 6.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are KakaoBank's Scope 2 emissions?
In 2023, KakaoBank reported Scope 2 greenhouse gas (GHG) emissions of 4,886.149 tCO₂e without specifying the calculation method. a
Has KakaoBank reduced its Scope 2 emissions over time?
Since 2019, KakaoBank's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 220.36%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), KakaoBank's Scope 2 emissions (Unspecified Calculation Method) rose by 26.35% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does KakaoBank use for Scope 2 reporting?
In 2023, KakaoBank reported its Scope 2 emissions using an unspecified methodology. a
KakaoBank's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into KakaoBank's Value Chain Emissions
In 2023, KakaoBank reported 1,253,639.232 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of KakaoBank includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
KakaoBank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are KakaoBank's Scope 3 emissions?
In 2023, KakaoBank reported total Scope 3 emissions of 1,253,639.232 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.05% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.95% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), KakaoBank's Scope 3 emissions increased by 24,555.61%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does KakaoBank disclose?
In 2023, KakaoBank reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of KakaoBank's Scope 3 emissions?
In 2023, the largest contributors to KakaoBank's Scope 3 emissions were: a
- Investments (Cat. 15): 1,252,758.042 tCO₂e (99.93%)
- Waste Generated in Operations (Cat. 5): 313.398 tCO₂e (0.02%)
- Use of Sold Products (Cat. 11): 308.895 tCO₂e (0.02%)
KakaoBank's Scope 3 Emissions by Categories
Insights into KakaoBank's Total Carbon Footprint
In 2023, KakaoBank reported a total carbon footprint of 1,258,574.124 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13,887.89% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to KakaoBank's total carbon footprint was Scope 3 emissions, accounting for 99.61% of the company's total carbon footprint, followed by Scope 2 emissions at 0.39%. a