Industrial Bank of Korea (IBK) is a leading financial institution based in South Korea that operates in the corporate banking sector. The bank has a strong focus on sustainability and is committed to supporting the transition to a low-carbon economy through its various financial products and services.

Decarbonisation is a key priority for IBK, and the bank has set ambitious targets to reduce its own carbon footprint. IBK has pledged to achieve carbon neutrality by 2050, and has implemented a range of measures to reduce its energy consumption and greenhouse gas emissions. These include upgrading its buildings to improve energy efficiency, investing in renewable energy, and promoting sustainable transportation options for its employees.

In addition to reducing its own carbon footprint, IBK is also actively supporting corporate clients in their efforts to decarbonise. The bank offers a range of financial products and services that enable companies to invest in renewable energy and reduce their reliance on fossil fuels. These include corporate energy loans, which provide financing for energy efficiency upgrades and renewable energy projects, and corporate Power Purchase Agreements (PPAs), which enable companies to purchase renewable energy directly from generators.

Corporate energy loans are a key offering from IBK, and the bank has a strong track record of supporting energy efficiency and renewable energy projects. IBK provides financing for a range of projects, including solar, wind, and hydroelectric power plants, as well as energy efficiency upgrades for buildings and industrial facilities. The bank's financing is tailored to meet the specific needs of each project, and can include long-term loans, project finance, and other financial instruments.

Corporate PPAs are another important tool for companies looking to transition to renewable energy. IBK offers a range of PPA options, including fixed-price and floating-price contracts, as well as contracts with varying terms and conditions. These contracts enable companies to purchase renewable energy directly from generators, providing a reliable and cost-effective source of clean energy.

Renewable energy is a key focus for IBK, and the bank has made significant investments in this sector. IBK has invested in a range of renewable energy projects, including solar, wind, and hydroelectric power plants, as well as energy storage systems. The bank's investments are focused on projects that have a positive impact on the environment and society, and that contribute to the transition to a low-carbon economy.

In addition to its focus on renewable energy, IBK is also committed to supporting sustainable development more broadly. The bank has implemented a range of initiatives to promote sustainable business practices among its clients, including providing training and support for sustainable supply chain management, and promoting the adoption of sustainable business practices through its lending and investment activities.

Overall, IBK is a leading financial institution in South Korea that is committed to supporting the transition to a low-carbon economy. The bank offers a range of financial products and services that enable companies to invest in renewable energy and reduce their reliance on fossil fuels, and has made significant investments in renewable energy projects. With its strong focus on sustainability and commitment to decarbonisation, IBK is well positioned to support the transition to a more sustainable future.