Db Insurance Sustainability Profile
Db Insurance, officially known as DB Insurance Co., Ltd., is a prominent player in the South Korean insurance industry, headquartered in Seoul. Established in 1962, the company has evolved significantly, marking key milestones in its journey, including the expansion of its service offerings and technological advancements in insurance solutions. Specialising in a diverse range of products, Db Insurance provides comprehensive coverage options, including life, health, and property insurance. What sets them apart is their commitment to customer-centric services and innovative risk management solutions tailored to meet the unique needs of their clients. With a strong market position, Db Insurance is recognised for its reliability and financial stability, making it a trusted choice for individuals and businesses alike in South Korea and beyond.
DitchCarbon Score
How does Db 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
Db Insurance's score of 58 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Db Insurance's reported carbon emissions
In 2024, DB Insurance reported total carbon emissions of approximately 3,699,839,933 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99.4% of the total. Specifically, Scope 1 emissions were about 2,366,134 kg CO2e, and Scope 2 emissions were approximately 25,119,615 kg CO2e. In 2023, the company recorded total emissions of about 3,573,330,000 kg CO2e, with Scope 1 at 2,606,000 kg CO2e and Scope 2 at 24,031,000 kg CO2e. DB Insurance has set ambitious climate commitments, aiming to reduce carbon emissions by 40% by 2030, with interim targets established for both Scope 1 and Scope 2 emissions. The company previously aimed to lower CO2 emissions by 5% by 2020, a target that was achieved. Their climate strategy is aligned with national greenhouse gas reduction goals, and they are committed to transparency in their sustainability reporting. The emissions data is sourced directly from DB Insurance Co., Ltd., with no cascading from a parent organization. The company actively discloses its emissions across all relevant scopes, demonstrating a comprehensive approach to climate accountability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,444,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 23,322,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 697,000 | 000,000 | 000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Db Insurance's Industry?
How Carbon Intensive is Db Insurance's Location?
Db Insurance's Scope 3 Categories Breakdown
Db Insurance's Scope 3 emissions, which increased by 4% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Db Insurance'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.
Db Insurance 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.
