Woori Financial Group Inc

Common Name
Woori Financial Group
Country
South Korea
Sector
Financial Services
Industry
Banks - Regional
Employees
68
Ticker
316140
Exchange
KOREA EXCHANGE
Description
Woori Financial Group Inc. operates as one of South Korea's leading financial holding companies. It was established to provide an integrated platform offering diversified financial services to its cli...

Woori Financial Group Energy Data Preview

In 2023, Woori 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.

Woori Financial Group disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Woori Financial Group also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Woori Financial Group's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Verified Sources Behind Woori Financial Group’s Energy Management Data

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a. Woori Financial Group's Sustainability Report 2023
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Insights into Woori Financial Group's Energy Renewability

In 2023, Woori Financial Group consumed a total of 1.51 million Gigajoules of energy across its operations. Of this total, 0.04% 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 99.96% 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

Woori Financial Group's Energy Renewability Rate

0%

How much of Woori Financial Group's energy consumed is renewable?

In 2023, Woori Financial Group consumed a total of 1.51 million Gigajoules of energy, of which 0.04% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Woori Financial Group has considerable room to improve its energy sustainability strategy.

Are Woori Financial Group's energy practices becoming more sustainable?

Since 2021, Woori Financial Group's total energy consumption decreased by 2.85%, yet rose by 2% in 2023, pointing to a potential reversal in recent energy-saving progress. a

Over the same period, the share of renewable energy increased by 796.96%, but declined by 5.08% in 2023, suggesting recent volatility or sourcing constraints. a

Overall, Woori Financial Group’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

Woori Financial Group's Renewable vs Non-renewable Energy Over Time

1.71 M806.21 k93.79 k1.71 MGigajoules (GJ)202120222023100%100%100%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Woori Financial Group's Energy Consumption & Production Mix

In 2023, Woori Financial Group disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Woori Financial Group's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies. a

Woori Financial Group's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)(79.2%)Other Sources(8.8%)Gasoline (Petrol)(5.7%)

What are the main sources and generation technologies behind Woori Financial Group's energy consumption?

In 2023, Woori Financial Group's total energy consumption was primarily sourced from a

  • Electricity (Unspecified Source) (79.18%)
  • Other Sources (8.85%)
  • Gasoline (Petrol) (5.74%)

How diverse is Woori Financial Group’s energy consumption mix?

In 2023, Woori Financial Group consumed energy from 5 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 79.18% of total consumption. a

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