KB Financial Group Inc
KB Financial Group's GHG Emissions Data Preview
In 2023, KB Financial Group 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).
KB Financial Group has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions 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 KB Financial Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of KB Financial Group amounted to 155,446 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of KB Financial Group increased by 20.51%, suggesting that the company faced challenges in reducing its emissions from its core operations.
KB Financial Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are KB Financial Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of KB Financial Group were 23,325 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has KB Financial Group reduced its Scope 1 emissions over time?
Since 2019, KB Financial Group's Scope 1 emissions have increased by 22.89%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), KB Financial Group's Scope 1 emissions increased by 66.69%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are KB Financial Group's Scope 2 emissions?
In 2023, KB Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 132,121 tCOâ‚‚e without specifying the calculation method.
Has KB Financial Group reduced its Scope 2 emissions over time?
Since 2019, KB Financial Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 18.25%, reflecting a rising long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), KB Financial Group's Scope 2 emissions (Unspecified Calculation Method) rose by 14.89% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does KB Financial Group use for Scope 2 reporting?
In 2023, KB Financial Group reported its Scope 2 emissions using an unspecified methodology.
KB Financial Group's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into KB Financial Group's Value Chain Emissions
In 2023, KB Financial Group reported 49,900,666 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of KB Financial Group includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
KB Financial Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are KB Financial Group's Scope 3 emissions?
In 2023, KB Financial Group reported total Scope 3 emissions of 49,900,666 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 0.08% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.92% came from downstream activities like product use, distribution, and end-of-life treatment.
Has KB Financial Group reduced its Scope 3 emissions over time?
Since 2019, KB Financial Group's Scope 3 emissions have increased by 311,214.9%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), KB Financial Group's Scope 3 emissions decreased by 11.36%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does KB Financial Group disclose?
In 2023, KB Financial Group reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of KB Financial Group's Scope 3 emissions?
In 2023, the largest contributors to KB Financial Group's Scope 3 emissions were:
- Investments (Cat. 15): 49,221,262 tCOâ‚‚e (98.64%)
- Downstream Leased Assets (Cat. 13): 617,196 tCOâ‚‚e (1.24%)
- Use of Sold Products (Cat. 11): 23,539 tCOâ‚‚e (0.05%)
KB Financial Group's Scope 3 Emissions by Categories
Insights into KB Financial Group's Total Carbon Footprint
In 2023, KB Financial Group reported a total carbon footprint of 50,056,112 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.28% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to KB Financial Group's total carbon footprint was Scope 3 emissions, accounting for 99.69% of the company's total carbon footprint, followed by Scope 2 emissions at 0.26%.