Samsung Fire And Marine Insurance
Samsung Fire and Marine Insurance Co., Ltd., commonly referred to as Samsung Fire, is a leading player in the South Korean insurance industry, headquartered in Seoul, South Korea (KR). Established in 1952, the company has grown significantly, expanding its operations across major regions in Asia and beyond. Specialising in property, casualty, and marine insurance, Samsung Fire distinguishes itself through innovative risk management solutions and a customer-centric approach. The company has achieved notable milestones, including recognition for its financial stability and comprehensive service offerings. With a strong market position, Samsung Fire continues to set industry standards, providing tailored insurance products that meet the diverse needs of individuals and businesses alike. Its commitment to excellence and continuous improvement solidifies its reputation as a trusted insurance provider in the competitive landscape.
DitchCarbon Score
How does Samsung Fire And Marine Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Samsung Fire And Marine Insurance's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Samsung Fire And Marine Insurance's reported carbon emissions
In 2023, Samsung Fire and Marine Insurance reported total carbon emissions of approximately 31,441,120 kg CO2e. This figure includes 3,144,120 kg CO2e from Scope 1 emissions, 11,985,840 kg CO2e from Scope 2 emissions, and a significant 26,510,500 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions encompass various categories, including 2,169,640 kg CO2e from employee commuting and 1,238,990 kg CO2e from business travel. Comparatively, in 2022, the company recorded total emissions of about 30,389,500 kg CO2e, with Scope 1 emissions at 3,038,950 kg CO2e and Scope 2 emissions at 11,718,140 kg CO2e. The Scope 3 emissions for that year were significantly lower at 3,708,320 kg CO2e. Despite these figures, Samsung Fire and Marine Insurance has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the insurance sector, particularly as global awareness of climate change intensifies. Overall, while the company has made strides in emissions reporting, further transparency regarding their climate action plans would be beneficial for stakeholders and the environment alike.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,316,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,762,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Samsung Fire And Marine Insurance is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
