Public data, as of October 2026

Company profile

Shinhan Financial Group Co., Ltd.

055550.KSshinhangroup.comLatest disclosure 2023

Shinhan Financial Group Co., Ltd. reported about 50 million tCO₂e for 2023, and 100% of it sits in Scope 3, in the value chain beyond the company's own operations.

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SBTi statusValidated Targets

Near-term status: Validated Targets. Net-zero status: no net-zero target on record.

Where insetting fits

Scope 3 is 100% of the footprint, the part of the value chain that supplier emissions reductions can reach.

Peer position

Scope 3 is 100% of the footprint, close to the peer median of 100%.

Voluntary retirements

No voluntary retirement names this company as beneficiary yet.

Emissions

How the reported footprint breaks down by scope and year.

tCO₂e, GHG Protocol scopes
Source: published disclosure, FY2023

Peer benchmark

How Shinhan Financial Group Co., Ltd. compares with its industry peers on Scope 3.

Peers: companies in the SBTi industry "Banks, Diverse Financials, Insurance", by Scope 3 share of the latest reported footprint.

CompanyScope 3 share%

Shinhan Financial Group Co., Ltd.This company100%
BNP Paribas100%

Company profile

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Related projects

None yet

Inset projects on Carbon3None yet

Reported emissions by year

Scope 1
Scope 2
Scope 3

FY2023

Scope 1, direct	14,967<1%
Scope 2, purchased energy	82,831<1%
Scope 3, value chain	50,060,685100%
Total	50,158,483

Years without a matched disclosure stay open until a published source is matched.

Source document: shinhangroup.com

Scope 3 by category, 2023

1 categories itemized

C15InvestmentsLargest category50.1 Mt100%

Climate targets

What the SBTi listing says about the company's targets.

Status as published by the SBTi

Primary SBTi record: Shinhan Financial Group

Near-term targetValidated Targets

Classification: 1.5°C
Target year: 2025

Net-zero targetNot listed

Net-zero year: Not listed

Carbon3 shows each record exactly as the SBTi publishes it, and does not assess, rate or endorse targets. A validated target says nothing about any market instrument.

Voluntary retirements

Voluntary credits retired for this company on public registries.

Registry records naming the company as beneficiary

No voluntary credit retirements linked to this company

Carbon3 has not found a retirement in the public voluntary carbon market registry data it tracks that names this company as the beneficiary.

Woori Financial Group

100%

UnitedHealth Group Incorporated98%

E.Sun Financial Holding Company, Limited100%

Eurazeo SE100%

Wendel SE91%

Peer median: 100%Scope 3 boundaries differ between reports, so compare shares with care.

Scope 3 position

Near the peer median

The company's Scope 3 share is 100%, against a peer median of 100%.

Disclosure coverage

6 of 6 disclose

6 of 6 named peers report all three scopes, so their Scope 3 share can be compared.

Research summary

What the public record says about this company's decarbonization.

No report has been generated for this company yet

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Related projects

Decarbonization projects that name the company as a partner.

Emerging projects catalog, status as reported by each project

No projects linked to this company yet

Carbon3 has not yet found a public decarbonization project that names this company.

No inset projects are listed for this company yet.

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