Meritz Financial Group Inc

Common Name
Meritz Financial Group
Country
South Korea
Sector
Financial Services
Industry
Capital Markets
Employees
21
Ticker
138040
Exchange
KOREA EXCHANGE
Description
Meritz Financial Group Inc., a prominent financial holding company, serves as a key player within the South Korean finance industry. The primary function of this entity is to manage its subsidiaries, ...

Meritz Financial Group's GHG Emissions Data Preview

In 2024, Meritz 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).

Meritz Financial Group has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Meritz Financial Group’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 Meritz Financial Group’s data sources below and access millions more through our Disclosure Search.

a. Meritz Financial Group's Sustainability Report 2024
a. Meritz Financial Group's Sustainability Report 2024
b. Meritz Financial Group's Sustainability Report 2023
b. Meritz Financial Group's Sustainability Report 2023

Insights into Meritz Financial Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Meritz Financial Group amounted to 21,640.439 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 2023, the total operational greenhouse gas (GHG) emissions of Meritz Financial Group increased by 127.65%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Meritz Financial Group's Scope 1 Emissions Over Time

202120222023202401.5 k3 k4.5 k6 ktCO2e+30%-4%+111%
  • Total Scope 1
  • Year-over-Year Change

What are Meritz Financial Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Meritz Financial Group were 5,468.419 metric tons of CO₂ equivalent (tCO₂e). a

Has Meritz Financial Group reduced its Scope 1 emissions over time?

Since 2021, Meritz Financial Group's Scope 1 emissions have increased by 163.67%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Meritz Financial Group's Scope 1 emissions increased by 111.22%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Meritz Financial Group's Scope 2 emissions?

In 2024, Meritz Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 16,172.02 tCO₂e without specifying the calculation method. a

Has Meritz Financial Group reduced its Scope 2 emissions over time?

Since 2021, Meritz Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 138.88%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Meritz Financial Group's Scope 2 emissions (Unspecified Calculation Method) rose by 133.8% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Meritz Financial Group use for Scope 2 reporting?

In 2024, Meritz Financial Group reported its Scope 2 emissions using an unspecified methodology. a

Meritz Financial Group's Scope 2 Emissions Over Time

202120222023202404.5 k9 k13.5 k18 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Meritz Financial Group's Value Chain Emissions

In 2024, Meritz Financial Group reported 1,147 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 2024 disclosure of Meritz Financial Group includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Meritz Financial Group's Scope 3 Emissions Over Time

202120222023202402 k4 k6 k8 ktCO2e-87%+9%+23%
  • Total Scope 3
  • Year-over-Year Change

What are Meritz Financial Group's Scope 3 emissions?

In 2024, Meritz Financial Group reported total Scope 3 emissions of 1,147 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 27.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 72.8% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Meritz Financial Group reduced its Scope 3 emissions over time?

Since 2021, Meritz Financial Group's Scope 3 emissions have decreased by 82.88%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Meritz Financial Group's Scope 3 emissions increased by 22.81%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Meritz Financial Group disclose?

In 2024, Meritz Financial Group reported emissions for 2 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 Meritz Financial Group's Scope 3 emissions?

In 2024, the largest contributors to Meritz Financial Group's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 835 tCO₂e (72.8%)
  • Waste Generated in Operations (Cat. 5): 312 tCO₂e (27.2%)

Meritz Financial Group's Scope 3 Emissions by Categories

Waste Generated inOperations (Cat. 5)(27.2%)Downstream LeasedAssets (Cat. 13)(72.8%)

Insights into Meritz Financial Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Meritz Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 5,468.419 tCO₂e and total revenues of USD 2,886 millions. This translates into an emissions intensity of 1.89 tCO₂e per millions USD. a

Meritz Financial Group's Scope 1 Emissions Intensity Compared to Peers

2202002,00010,000Scope 1 Emissions (tCO2e)2005002,00010,00020,000Revenues (Millions of USD)OCCSIG Group HoldingsYear: 2024Scope 1: 180 tCO2eRevenue: $M 1,085Scope 1 Intensity: 0.17 tCO2e/$MOOOrient SecuritiesYear: 2023Scope 1: 373 tCO2eRevenue: $M 2,322Scope 1 Intensity: 0.16 tCO2e/$MMotilal Oswal Financial ServicesYear: 2024Scope 1: 3 tCO2eRevenue: $M 610Scope 1 Intensity: 0.01 tCO2e/$MEverbright SecuritiesYear: 2024Scope 1: 176 tCO2eRevenue: $M 1,300Scope 1 Intensity: 0.14 tCO2e/$MPJT PartnersYear: 2023Scope 1: 298 tCO2eRevenue: $M 1,153Scope 1 Intensity: 0.26 tCO2e/$MKiwoom SecuritiesYear: 2023Scope 1: 520 tCO2eRevenue: $M 1,447Scope 1 Intensity: 0.36 tCO2e/$MMirae Asset SecuritiesYear: 2024Scope 1: 858 tCO2eRevenue: $M 2,139Scope 1 Intensity: 0.40 tCO2e/$MMarketaxess HoldingsYear: 2024Scope 1: 177 tCO2eRevenue: $M 817Scope 1 Intensity: 0.22 tCO2e/$MCCChina Merchants SecuritiesYear: 2024Scope 1: 669 tCO2eRevenue: $M 2,659Scope 1 Intensity: 0.25 tCO2e/$MMacquarie GroupYear: 2025Scope 1: 482 tCO2eRevenue: $M 4,243Scope 1 Intensity: 0.11 tCO2e/$MGF SecuritiesYear: 2024Scope 1: 2,041 tCO2eRevenue: $M 3,618Scope 1 Intensity: 0.56 tCO2e/$MHuatai SecuritiesYear: 2023Scope 1: 4,432 tCO2eRevenue: $M 4,783Scope 1 Intensity: 0.93 tCO2e/$MInteractive Brokers GroupYear: 2023Scope 1: 170 tCO2eRevenue: $M 7,788Scope 1 Intensity: 0.02 tCO2e/$MShenwan Hongyuan GroupYear: 2024Scope 1: 498 tCO2eRevenue: $M 3,304Scope 1 Intensity: 0.15 tCO2e/$MCCChina Galaxy SecuritiesYear: 2023Scope 1: 861 tCO2eRevenue: $M 2,618Scope 1 Intensity: 0.33 tCO2e/$MKorea Investment HoldingsYear: 2024Scope 1: 129 tCO2eRevenue: $M 2,051Scope 1 Intensity: 0.06 tCO2e/$MBanco BTG PactualYear: 2024Scope 1: 67 tCO2eRevenue: $M 6,108Scope 1 Intensity: 0.01 tCO2e/$MChina International CapitalYear: 2024Scope 1: 85 tCO2eRevenue: $M 4,229Scope 1 Intensity: 0.02 tCO2e/$MNomura HoldingsYear: 2025Scope 1: 2,513 tCO2eRevenue: $M 11,085Scope 1 Intensity: 0.23 tCO2e/$MJefferies Financial GroupYear: 2022Scope 1: 4,223 tCO2eRevenue: $M 7,149Scope 1 Intensity: 0.59 tCO2e/$MSSSDIC CapitalYear: 2023Scope 1: 789 tCO2eRevenue: $M 2,457Scope 1 Intensity: 0.32 tCO2e/$MSamsung SecuritiesYear: 2024Scope 1: 866 tCO2eRevenue: $M 1,543Scope 1 Intensity: 0.56 tCO2e/$MNH Investment & SecuritiesYear: 2024Scope 1: 830 tCO2eRevenue: $M 1,452Scope 1 Intensity: 0.57 tCO2e/$MMeritz Financial GroupYear: 2024Scope 1: 5,468 tCO2eRevenue: $M 2,886Scope 1 Intensity: 1.89 tCO2e/$M

How does Meritz Financial Group's GHG emissions intensity compare to its peers?

In 2024, Meritz Financial Group reported a Scope 1 emissions intensity of 1.89 tCO₂e per millions USD. Compared to the peer group median of 0.23 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Meritz Financial Group rank on GHG emissions intensity within its industry?

In 2024, Meritz Financial Group ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Meritz Financial Group among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Meritz Financial Group's Total Carbon Footprint

In 2024, Meritz Financial Group reported a total carbon footprint of 22,787.439 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 118.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Meritz Financial Group's total carbon footprint was Scope 2 emissions, accounting for 70.97% of the company's total carbon footprint, followed by Scope 1 emissions at 24%. a

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