Hana Life Insurance Co., Ltd. Sustainability Profile
Hana Life Insurance Co., Ltd., a prominent player in the South Korean insurance sector, is headquartered in Seoul, South Korea (KR). Established in 2005, the company has rapidly evolved, focusing on life insurance and financial services tailored to meet the diverse needs of its clients. Hana Life offers a range of core products, including term life, whole life, and critical illness insurance, distinguished by their customer-centric approach and innovative coverage options. With a commitment to financial security and peace of mind, the company has garnered a strong market position, recognised for its reliability and service excellence. As a subsidiary of the Hana Financial Group, Hana Life continues to achieve significant milestones, reinforcing its reputation as a trusted insurance provider in the region.
DitchCarbon Score
How does Hana Life Insurance Co., Ltd.'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
Hana Life Insurance Co., Ltd.'s score of 51 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hana Life Insurance Co., Ltd., headquartered in South Korea (KR), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Hana Financial Group Inc., which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Hana Life Insurance, it is important to note that any climate initiatives or targets would likely be aligned with those set by its parent company, Hana Financial Group Inc. This group has been involved in various sustainability initiatives, including commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). As a subsidiary, Hana Life Insurance may inherit climate strategies and performance metrics from Hana Financial Group, which could include broader industry-standard practices aimed at reducing carbon footprints and enhancing sustainability. However, without specific data or targets from Hana Life Insurance itself, the details of their individual commitments remain unclear.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,189,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 60,886,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 11,206,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hana Life Insurance Co., Ltd.'s Industry?
How Carbon Intensive is Hana Life Insurance Co., Ltd.'s Location?
Hana Life Insurance Co., Ltd.'s Scope 3 Categories Breakdown
Hana Life Insurance Co., Ltd.'s Scope 3 emissions, which decreased by 13% last year and increased by approximately 17% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 16% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 83% of Scope 3 emissions.
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Hana Life Insurance Co., Ltd.'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.
Hana Life Insurance Co., Ltd. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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