IBK Industrial Bank, Obtains International Certification for 'Carbon Neutral Goal'

Certified by the Global Initiative 'SBTi'
First Policy Financial Institution to Receive Certification

IBK Industrial Bank announced on the 19th that it has received certification for its carbon emission reduction targets from the global initiative 'SBTi (Science Based Targets initiative)'.

SBTi is a leading carbon emission certification organization that scientifically verifies the carbon emission reduction targets set by companies to limit the global temperature rise to within 1.5℃.

After a series of phased preparations including the '2040 Carbon Neutrality Declaration' and the '2050 Financial Asset Carbon Neutrality Roadmap Establishment,' Industrial Bank succeeded in obtaining the certification. This is the first achievement by a policy financial institution.

To achieve its carbon emission reduction goals, Industrial Bank plans to gradually implement measures such as expanding the use of renewable energy and conducting building energy diagnostics. A representative of Industrial Bank stated, “We will continue to take the lead as a policy financial institution in the transition to a carbon-neutral society.”

Meanwhile, in addition to 'SBTi,' Industrial Bank is active in various carbon neutrality-related alliances such as the 'Glasgow Financial Alliance for Net Zero (GFANZ)' and is also leading efforts in the transition to a low-carbon society, including support for the green transition of small and medium-sized enterprises.

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