We strive to realize sustainable and eco-friendly finance by reducing carbon emissions and contributing to a low-carbon economy

Greenhouse Gas (GHG) Emission Reduction

Woori Bank has established its Environmental Management Policy and promotes systematic eco-friendly management through ISO 14001 Environmental Management System certification, in pursuit of achieving "Net Zero emissions across the Group’s operations and asset portfolio by 2050."

In line with the "Framework Act on Carbon Neutrality and Green Growth for Coping with the Climate Crisis", Woori Bank is contributing to the achievement of Korea’s Nationally Determined Contribution (NDC) by implementing a wide range of eco-friendly initiatives - including the replacement of conventional energy facilities with green alternatives, the introduction of renewable energy systems, and the transition of business vehicles to electric vehicles (EVs). In addition, the Bank continues to reduce greenhouse gas emissions by utilizing renewable energy through "Power Purchase Agreements (PPAs)" and the Green Premium Program.

Greenhouse Gas (GHG) Emissions

Scope 1 + Scope 2

( Unit : tCO₂-eq )

2022 71,501 Increase of 1,000 tCO₂-eq 2023 72,501 Reduction of 1,000 tCO2-eq 5,922 tCO₂-eq 2024 66,579 2022 71,501 Increase of 1,000 tCO₂-eq 2023 72,501 Reduction of 1,000 tCO2-eq 5,922 tCO₂-eq 2024 66,579

Financed Emissions
Reduction

Woori Bank recognizes climate risk as a critical issue and has established a systematic management framework to reduce financed emissions through proactive climate risk management.

In alignment with Woori Financial Group’s "2050 Net Zero" commitment and the "Science Based Targets initiative (SBTi)", the Bank has set carbon reduction targets and measures financed emissions in accordance with the "Partnership for Carbon Accounting Financials (PCAF)" methodology.

Financed Emissions Reduction Target

2022 44780000 tCO₂-eq. By 2030 27% Reduction. By 2050 Net-Zero 2022 44780000 tCO₂-eq. By 2030 27% Reduction. By 2050 Net-Zero

Carbon Neutrality
Resource