Potential offtaker

KB Financial Group

www.kbfg.com/Kor/index.jsp

N/A
N/A

KB Financial Group is a leading financial services provider in South Korea, operating in the banking sector. The company has a strong presence in the country, with a wide range of financial products and services, including retail banking, investment banking, insurance, and asset management. KB Financial Group is committed to sustainable growth and is actively involved in decarbonisation efforts, corporate energy management, corporate power purchase agreements (PPAs), and renewable energy development.

Decarbonisation is a key priority for KB Financial Group, and the company has set ambitious targets to reduce its carbon footprint. The company has pledged to reduce its greenhouse gas emissions by 30% by 2025, compared to its 2018 baseline. To achieve this goal, KB Financial Group is implementing a range of measures, including energy efficiency improvements, renewable energy adoption, and carbon offsetting.

Corporate energy management is another important aspect of KB Financial Group's sustainability strategy. The company is committed to reducing its energy consumption and improving its energy efficiency across all its operations. KB Financial Group has implemented a range of energy-saving measures, such as upgrading its lighting systems, installing energy-efficient HVAC systems, and implementing smart building technologies. The company has also established an energy management system to monitor and optimize its energy use.

Corporate power purchase agreements (PPAs) are an important tool for KB Financial Group to support the development of renewable energy. The company has signed several long-term PPAs with renewable energy developers, which allow it to purchase renewable energy at a fixed price over a specified period. These agreements provide a stable revenue stream for renewable energy projects, which in turn helps to drive down the cost of renewable energy and accelerate its adoption.

Renewable energy development is a key focus area for KB Financial Group, and the company is actively investing in renewable energy projects. The company has invested in a range of renewable energy technologies, including solar, wind, and hydro power. KB Financial Group has also established a green bond program to finance renewable energy projects and other sustainable initiatives.

KB Financial Group's commitment to sustainability is reflected in its corporate culture and governance. The company has established a sustainability committee, which is responsible for overseeing the company's sustainability strategy and initiatives. KB Financial Group also publishes an annual sustainability report, which provides detailed information on its sustainability performance and goals.

In conclusion, KB Financial Group is a leading financial services provider in South Korea, with a strong commitment to sustainability. The company is actively involved in decarbonisation efforts, corporate energy management, corporate power purchase agreements (PPAs), and renewable energy development. KB Financial Group's sustainability strategy is reflected in its corporate culture and governance, and the company is committed to driving sustainable growth in the financial sector.

✓ Re100 member
✓ Science Based Targets member