hanwha general insurance

Hanwha General Insurance, a company within the insurance and pension funding services sector in South Korea, has reported its greenhouse gas emissions for 2023. In 2023, the company's total emissions amounted to approximately 762.1 million kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 755,000 kg CO2e, and Scope 2 emissions at approximately 4.3 million kg CO2e. Scope 3 emissions were substantial, including approximately 753.2 million kg CO2e from investments and about 37,100 kg CO2e from employee commutes.

Looking at previous years, Hanwha General Insurance reported total emissions of approximately 5.3 billion kg CO2e in 2022 and around 2.4 billion kg CO2e in 2021.

The company has set several climate commitments. A near-term target aims for a 40% reduction in Scope 1 and Scope 2 emissions by 2025, compared to 2018 levels. Furthermore, a target is in place to achieve a 40% reduction in Scope 1 and Scope 2 emissions by 2030, with interim goals of 5% reduction by 2024, 10% by 2025, and 20% by 2026, all relative to a 2022 base year. While specific targets for Scope 3 emissions are not detailed here, the company discloses significant investment-related emissions, which represent the largest portion of its overall carbon footprint.