Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Woori Bank’s fossil fuel policy below.

BankTrack assessed Woori Bank in its 2022 Asia Human Rights Benchmark, where it achieved 5 points out of 14 and was ranked as a follower. More information is detailed in the "Accountability" section of this profile.

Woori Bank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

BankTrack is keeping track of the public response of Woori Financial Group to Russia's illegal invasion of Ukraine. Woori Financial Group did not publicly condemn the war. Woori Financial Group is considered by the Korea Times to be "scaling back" its operations in Russia. We consider its exposure to Russia as limited, with over $218m of financial assets. Woori Financial Group supports the Russian fossil fuel industry through investments. For further details, see the table linked below.