Meritz Financial Group Inc

Common Name
Meritz Financial Group
Country
South Korea
Sector
Financial Services
Industry
Capital Markets
Employees
20
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 2023, 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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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 Meritz Financial Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Meritz Financial Group amounted to 8,494 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 Meritz Financial Group decreased by 4.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Meritz Financial Group's Scope 1 Emissions Over Time

20212022202305501.1 k1.65 k2.2 ktCO2e-1%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Meritz Financial Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Meritz Financial Group were 1,967 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2021, Meritz Financial Group's Scope 1 emissions have decreased by 5.16%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Meritz Financial Group's Scope 1 emissions decreased by 4.51%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Meritz Financial Group's Scope 2 emissions?

In 2023, Meritz Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 6,527 tCOâ‚‚e without specifying the calculation method.

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 remained relatively stable, indicating that Meritz Financial Group 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Meritz Financial Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Meritz Financial Group 's emissions have plateaued with no significant change in its energy consumption footprint.

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

In 2023, Meritz Financial Group reported its Scope 2 emissions using an unspecified methodology.

Meritz Financial Group's Scope 2 Emissions Over Time

20212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Meritz Financial Group's Value Chain Emissions

In 2023, Meritz Financial Group reported 6,837 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 Meritz Financial Group includes a breakdown across 3 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.

Meritz Financial Group's Scope 3 Emissions Over Time

20212022202302 k4 k6 k8 ktCO2e0%+2%
  • Total Scope 3
  • Year-over-Year Change

What are Meritz Financial Group's Scope 3 emissions?

In 2023, Meritz Financial Group reported total Scope 3 emissions of 6,837 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 1.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.26% came from downstream activities like product use, distribution, and end-of-life treatment.

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

Since 2021, Meritz Financial Group's Scope 3 emissions have remained relatively stable, indicating that Meritz Financial Group 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2022), Meritz Financial Group's Scope 3 emissions remained relatively stable, indicating that Meritz Financial Group 's emissions have plateaued with no significant change in its value chain footprint.

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

In 2023, Meritz Financial Group reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Meritz Financial Group's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 6,718 tCOâ‚‚e (98.26%)
  • Purchased Goods and Services (Cat. 1): 94 tCOâ‚‚e (1.37%)
  • Waste Generated in Operations (Cat. 5): 25 tCOâ‚‚e (0.37%)

Meritz Financial Group's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(98.3%)Purchased Goods andServices (Cat. 1)(1.4%)

Insights into Meritz Financial Group's Total Carbon Footprint

In 2023, Meritz Financial Group reported a total carbon footprint of 15,331 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.94% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Meritz Financial Group's total carbon footprint was Scope 3 emissions, accounting for 44.6% of the company's total carbon footprint, followed by Scope 2 emissions at 42.57%.

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