Industrial Bank of KoreaIndustrial Bank of Korea - ESG Rating & Company Profile powered by AI

Industry Group:Banks

This report of Industrial Bank of Korea uses information from across the web and also from available disclosures by Industrial Bank of Korea. This Disclosure score covers seventeen United Nations SDGs including: 'Clean Water & Sanitation', 'Climate Action' and 'Partnerships for the Goals'. This article contains a questions and answers section for Industrial Bank of Korea.

Industrial Bank of Korea in the Banks industry gained a UN SDG ESG Transparency Score of 7.3; made up of an environmental score of 6.0, social score of 8.0 and governance score of 8.0.

SDG Transparency Score for Industrial Bank of Korea 
Low
0 - 3
Medium
4 - 6

7.3

High Impact
7 - 10
Last Score Update: 2023-07-01
What drives the score for Industrial Bank of Korea 
6.0

Environmental

8.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
1UniCredit Bank Austria AG
9.5
High
359Piraeus Financial Holdings SA
7.4
High
359Popular Inc
7.4
High
372Industrial Bank of Korea
7.3
High
372BNP Paribas Bank Polska SA
7.3
High
372Banco Popolare Sc
7.3
High
.........
2219sakartvelos bank'i ss
0.0
Low
2219AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
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Frequently Asked Questions

Does Industrial Bank of Korea have an accelerator or VC vehicle to help deliver innovation?

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Does Industrial Bank of Korea disclose current and historical energy intensity?

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Does Industrial Bank of Korea report the average age of the workforce?

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Does Industrial Bank of Korea reference operational or capital allocation in relation to climate change?

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Does Industrial Bank of Korea disclose its ethnicity pay gap?

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Does Industrial Bank of Korea disclose cybersecurity risks?

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Does Industrial Bank of Korea offer flexible work?

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Does Industrial Bank of Korea have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Industrial Bank of Korea disclose the number of employees in R&D functions?

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Does Industrial Bank of Korea conduct supply chain audits?

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Does Industrial Bank of Korea disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Industrial Bank of Korea conduct 360 degree staff reviews?

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Does Industrial Bank of Korea disclose the individual responsible for D&I?

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Does Industrial Bank of Korea disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Industrial Bank of Korea disclose current and / or historical scope 2 emissions?

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Does Industrial Bank of Korea disclose water use targets?

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Does Industrial Bank of Korea have careers partnerships with academic institutions?

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Did Industrial Bank of Korea have a product recall in the last two years?

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Does Industrial Bank of Korea disclose incidents of discrimination?

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Does Industrial Bank of Korea allow for Work Councils/Collective Agreements to be formed?

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Has Industrial Bank of Korea issued a profit warning in the past 24 months?

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Does Industrial Bank of Korea disclose parental leave metrics?

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Does Industrial Bank of Korea disclose climate scenario or pathway analysis?

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Does Industrial Bank of Korea disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Industrial Bank of Korea disclose the pay ratio of women to men?

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Does Industrial Bank of Korea support suppliers with sustainability related research and development?

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Does Industrial Bank of Korea disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Industrial Bank of Korea reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Industrial Bank of Korea involved in embryonic stem cell research?

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Does Industrial Bank of Korea disclose GHG and Air Emissions intensity?

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Does Industrial Bank of Korea disclose its waste policy?

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Does Industrial Bank of Korea report according to TCFD requirements?

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Does Industrial Bank of Korea disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Industrial Bank of Korea disclose energy use targets?

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Does Industrial Bank of Korea disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Industrial Bank of Korea have a policy relating to cyber security?

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Potential Risks for Industrial Bank of Korea
These potential risks are based on the size, segment and geographies of the company.

Industrial Bank of Korea operates as a small and medium-sized enterprise (SME) financing bank in China, Indonesia, Russia, Japan, Vietnam, Myanmar, Hong Kong, India, the Philippines, Cambodia, the United States, and the United Kingdom. It operates through five segments: Retail Banking, Corporate Banking, Money Market, IB, and Others. The company offers current accounts, savings, deposits, retail and mortgage loans, overdrafts, other credit facilities, and services relating to import/exports; and advisory services, including consulting on the introduction and implementation of computer systems. It is also involved in the treasury management of local/foreign currency and investments; installment financing and venture capital business; investment trust asset management and consultation, entrusted investment, and future funds management; loan collection and credit research; trading of security and futures; information system development and sales; retirement insurance and pension contracts, annuity insurance contracts, and others; protecting depositors in accordance with depositor protection act; management of investment association under the commercial code of the Republic of Korea; and management and capital distribution of new technology investment association and Korean venture investment association. As of December 31, 2021, the company operated 603 branches and 32 depositary offices in Korea, and 9 branches and 1 office internationally. The company was founded in 1961 and is headquartered in Seoul, South Korea.

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