In 2024, Shinhan Financial Group disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Shinhan Financial Group disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 1,894,100a | 1,983,600a | 2,032,100a | |
Non-Renewable Energy Consumption | 1,356,100a | 1,397,600a | 2,032,150a | |
Renewable Energy Consumption | 538,000a | 586,000a | N/A |
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In 2024, Shinhan Financial Group consumed a total of 1.89 million Gigajoules of energy across its operations. Of this total, 28.4% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 71.6% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Shinhan Financial Group consumed a total of 1.89 million Gigajoules of energy, of which 28.4% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This moderate level of renewable energy adoption indicates that Shinhan Financial Group is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Since 2022, Shinhan Financial Group's total energy consumption decreased by 6.79%, including a further 4.51% drop in 2024, highlighting a continued decline in energy use.a
Over the same period, the share of renewable energy in Shinhan Financial Group's consumption decreased by 3.85%, showing a recent negative trend in clean energy adoption.a