BOC Samsung Life Insurance Company Limited Sustainability Profile
BOC Samsung Life Insurance Company Limited, a prominent player in the insurance sector, is headquartered in China (CN) and operates extensively across various regions. Founded in 2005, the company has established itself as a key provider of life insurance and financial services, catering to a diverse clientele. Specialising in life insurance products, BOC Samsung Life offers unique solutions that combine traditional insurance with innovative financial planning. Its core offerings include individual life insurance, health insurance, and investment-linked products, designed to meet the evolving needs of customers. With a strong market position, BOC Samsung Life has achieved significant milestones, including recognition for its customer service excellence and financial stability. The company continues to enhance its reputation as a trusted insurer, committed to delivering value and security to its policyholders.
DitchCarbon Score
How does BOC Samsung Life Insurance Company Limited'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
BOC Samsung Life Insurance Company Limited's score of 46 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BOC Samsung Life Insurance Company Limited currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Bank of China Limited, which may influence its climate commitments and emissions reporting. As part of its corporate family relationship, BOC Samsung Life Insurance inherits emissions data and sustainability initiatives from Bank of China Limited. However, no specific reduction targets or climate pledges have been documented for BOC Samsung Life Insurance. The absence of detailed emissions data and reduction initiatives suggests that the company may still be in the early stages of developing its climate strategy. In the broader context, the insurance industry is increasingly focusing on sustainability and climate commitments, with many firms setting science-based targets to reduce emissions. BOC Samsung Life Insurance may align with these industry trends as it develops its own climate action framework.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 88,718,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,498,463,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 |
How Carbon Intensive is BOC Samsung Life Insurance Company Limited's Industry?
How Carbon Intensive is BOC Samsung Life Insurance Company Limited's Location?
BOC Samsung Life Insurance Company Limited's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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BOC Samsung Life Insurance Company Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BOC Samsung Life Insurance Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
