hanwha general insurance
Hanwha General Insurance, a prominent player in the South Korean insurance industry, is headquartered in Seoul, South Korea (KR). Established in 1946, the company has evolved significantly, marking key milestones in its journey towards becoming a trusted provider of comprehensive insurance solutions. Specialising in a range of services, including property, casualty, and life insurance, Hanwha General Insurance distinguishes itself through innovative products tailored to meet diverse customer needs. The company is recognised for its robust market position, consistently ranking among the top insurers in South Korea. With a commitment to customer satisfaction and a focus on technological advancements, Hanwha General Insurance continues to set industry standards, ensuring clients receive reliable coverage and exceptional service.
DitchCarbon Score
How does hanwha general 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
hanwha general insurance's score of 38 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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hanwha general insurance's reported carbon emissions
In 2023, Hanwha General Insurance reported total carbon emissions of approximately 5081000 kg CO2e from Scope 1 and Scope 2 sources combined. Specifically, Scope 1 emissions accounted for about 755000 kg CO2e, while Scope 2 emissions were significantly higher at approximately 4327000 kg CO2e. Additionally, the company reported substantial Scope 3 emissions, with investments contributing about 753161000 kg CO2e and employee commuting adding approximately 37100 kg CO2e. Hanwha General Insurance has set ambitious climate commitments, aiming for a 40% reduction in Scope 1 and Scope 2 emissions compared to 2018 levels by 2025. This target reflects the company's proactive approach to mitigating its carbon footprint. The reduction strategy includes a phased approach, with interim targets of 5% reductions by 2025, 10% by 2026, and reaching 40% by 2030. The emissions data and reduction targets are sourced directly from Hanwha General Insurance Co., Ltd., with no cascading from a parent or related organization. The company is committed to transparency in its sustainability efforts, as evidenced by its detailed reporting on emissions and reduction initiatives.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | 000,000 |
| Scope 2 | - | - | 0,000,000 |
| Scope 3 | 661,500,000 | 000,000,000 | 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.
hanwha general 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.
