Woori Financial Group Inc
Woori Financial Group's GHG Emissions Data Preview
In 2023, Woori 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).
Woori Financial Group has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Woori Financial Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Woori Financial Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Woori Financial Group amounted to 72,855 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 2022, the total operational greenhouse gas (GHG) emissions of Woori Financial Group increased by 1.94%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Woori Financial Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Woori Financial Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Woori Financial Group were 10,954 metric tons of CO₂ equivalent (tCO₂e). a
Has Woori Financial Group reduced its Scope 1 emissions over time?
Since 2019, Woori Financial Group's Scope 1 emissions have decreased by 14.15%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Woori Financial Group's Scope 1 emissions increased by 1.77%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Woori Financial Group's Scope 2 emissions?
In 2023, Woori Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 61,901 tCO₂e using the location-based method. a
Has Woori Financial Group reduced its Scope 2 emissions over time?
Since 2019, Woori Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 10.19%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Woori Financial Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Woori Financial Group 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Woori Financial Group use for Scope 2 reporting?
In 2023, Woori Financial Group reported its Scope 2 emissions using the market-based method and using the location-based method. a
Woori Financial Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Woori Financial Group's Value Chain Emissions
In 2023, Woori Financial Group reported 58,174,658.3 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 2023 disclosure of Woori Financial Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Woori Financial Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Woori Financial Group's Scope 3 emissions?
In 2023, Woori Financial Group reported total Scope 3 emissions of 58,174,658.3 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.01% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Woori Financial Group's Scope 3 emissions increased by 1,437,766.93%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Woori Financial Group disclose?
In 2023, Woori Financial Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Woori Financial Group's Scope 3 emissions?
In 2023, the largest contributors to Woori Financial Group's Scope 3 emissions were: a
- Investments (Cat. 15): 58,170,000 tCO₂e (99.99%)
- Upstream Transportation and Distribution (Cat. 4): 1,676.4 tCO₂e (0%)
- Purchased Goods and Services (Cat. 1): 1,141.7 tCO₂e (0%)
Woori Financial Group's Scope 3 Emissions by Categories
Insights into Woori Financial Group’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Woori Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 10,954 tCO₂e and total revenues of USD 9,235 millions. This translates into an emissions intensity of 1.19 tCO₂e per millions USD. a
Woori Financial Group's Scope 1 Emissions Intensity Compared to Peers
How does Woori Financial Group's GHG emissions intensity compare to its peers?
In 2023, Woori Financial Group reported a Scope 1 emissions intensity of 1.19 tCO₂e per millions USD. Compared to the peer group median of 1.12 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Woori Financial Group rank on GHG emissions intensity within its industry?
In 2023, Woori Financial Group ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Woori Financial Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Woori Financial Group's Total Carbon Footprint
In 2023, Woori Financial Group reported a total carbon footprint of 58,247,513.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 77,031.76% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Woori Financial Group's total carbon footprint was Scope 3 emissions, accounting for 99.87% of the company's total carbon footprint, followed by Scope 2 emissions at 0.11%. a