Shinhan Financial Group Co Ltd
Shinhan Financial Group's Climate Target Data Preview
As of 2023, Shinhan Financial Group has disclosed 25 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 17 absolute reduction targets and 8 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Shinhan Financial Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2026 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2026 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2026 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2030 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2030 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a, b | 2030 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2034 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2036 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2036 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2038 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2040 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2040 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. a | 2040 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a, b | 2040 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2042 |
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2046 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2026 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2030 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2034 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2038 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2040 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2042 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data.  a | 2044 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2046 |
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Verified Sources Behind Shinhan Financial Group’s Climate Targets Data
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Insights into Shinhan Financial Group's Greenhouse Gas Emissions Pathways
As of 2023, Shinhan Financial Group has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b
Does Shinhan Financial Group have a target to reduce the emissions from its operations?
As of 2023, Shinhan Financial Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Shinhan Financial Group's most ambitious operational target is to reduce these emissions by 84% by 2040, compared to a baseline of 81,392 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a
As of 2023, Shinhan Financial Group is ahead of schedule on its operational emissions reduction target, having achieved 38.9% of the planned reduction. a
Shinhan Financial Group's Operational (Scope 1+2) Emissions Pathway
Does Shinhan Financial Group have a target to reduce the emissions from its value chain?
As of 2023, Shinhan Financial Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a b
Shinhan Financial Group's most ambitious value chain target is to reduce these emissions by 73.62% by 2046, compared to a baseline of 43,820,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a b
Instead of reducing value chain emissions, Shinhan Financial Group has increased them, with 2023 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a b