Db Insurance
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 47 is higher than 71% 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 2023, DB Insurance reported total carbon emissions of approximately 3,600,143,000 kg CO2e. This figure includes Scope 1 emissions of about 2,606,019 kg CO2e, Scope 2 emissions of approximately 24,031,246 kg CO2e, and significant Scope 3 emissions totalling around 3,573,506,053 kg CO2e, primarily from investments (about 3,573,330,290 kg CO2e) and business travel (approximately 176,000 kg CO2e). DB Insurance has set ambitious climate commitments, aiming to reduce carbon emissions by 40% by 2030, with short-term targets being established gradually. This goal is part of their mid- to long-term strategy initiated in 2018. Additionally, they previously aimed to lower CO2 emissions by 5% by 2020, a target they have been tracking since 2015. The company’s emissions data is sourced directly from DB Insurance Co., Ltd., with no cascading from a parent organization. Their climate initiatives are aligned with national greenhouse gas reduction goals, and specific targets are disclosed in their sustainability reports.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,444,000 | 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 |
| Scope 3 | 697,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000,000 |
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.
Db Insurance is not participating in any 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.
