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Organisationshanwha general insurance
hanwha general insurance logo

hanwha general insurance

Insurance ServicesSouth Korea
Last verified 21 days agohwgeneralins.com

Hanwha General Insurance, a prominent player in the insurance and pension funding services sector, is headquartered in South Korea (KR). Established in 1946, the company has evolved significantly, marking key milestones in its journey to becoming a trusted provider in the industry.

Specialising in a range of insurance products, including life, health, and property insurance, Hanwha General Insurance distinguishes itself through innovative solutions tailored to meet diverse customer needs. With a strong presence in both domestic and international markets, the company has garnered a reputation for reliability and customer-centric service.

Recognised for its robust financial stability and commitment to excellence, Hanwha General Insurance continues to solidify its market position, making it a noteworthy choice for individuals and businesses seeking comprehensive insurance solutions.

37
DitchCarbon score

-2 vs industry average

hanwha general insurance’s score of 37 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.058
20182025

The Insurance Services industry has reduced its overall emissions by 25% since 2018

Emissions trajectory 2020 – 2026

000M000M000M000M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

hanwha general insurance's reported carbon emissions

Hanwha General Insurance, based in South Korea and operating within the insurance and pension funding services sector, has disclosed its carbon emissions and climate commitments.

For the year 2023, the company reported total Scope 1 and 2 emissions of approximately 5.08 million kg CO2e. Scope 1 emissions were around 755,000 kg CO2e, while Scope 2 emissions totalled approximately 4.33 million kg CO2e. Additionally, Scope 3 emissions, specifically from investments and employee commutes, amounted to approximately 753.16 million kg CO2e and 37,100 kg CO2e respectively.

In 2022, total Scope 1 and 2 emissions were approximately 5.18 million kg CO2e, with Scope 1 at about 709,000 kg CO2e and Scope 2 at around 4.47 million kg CO2e. Scope 3 emissions from investments were approximately 601.72 million kg CO2e.

For 2021, the company's Scope 1 and 2 emissions combined were approximately 2.40 million kg CO2e, comprising about 51,000 kg CO2e for Scope 1 and 2.35 million kg CO2e for Scope 2. Scope 3 emissions from investments were approximately 661.50 million kg CO2e.

Hanwha General Insurance has set targets for emission reductions. They aim for a 40% reduction in Scope 1 and Scope 2 emissions by 2025, compared to 2018 levels. Further emission reduction targets are in place, with a goal of achieving a 40% reduction by 2030, with interim targets set for intervening years. These initiatives indicate a commitment to reducing their environmental impact within their operational boundaries and investment portfolios. The company has disclosed data for scopes 1, 2, and 3.

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hanwha general insurance’s Climate Goals (2030 & 2050)

2025

Near-zero scope 1 & 2

Target to achieve near-zero emissions for direct operations and purchased energy

On track94%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

2 of 15 categories disclosed
Investments100%
Employee Commuting0%
Investments100%
Employee Commuting0%

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Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
hanwha general insurance logohanwha general insurance
KRInsurance Services
21 days ago
37
Zurich logoZurich
CHInsurance Services
6 days ago
100
View
Axa logoAxa
FRDirect Life Insurance Carriers
3 days ago
100
View
Prudential Financial logoPrudential Financial
GBInsurance Services
1 day ago
79
View
ALLIANZ GROUP logoALLIANZ GROUP
DEInsurance Services
6 days ago
77
View
Metlife logoMetlife
USInsurance Services
6 days ago
72
View
Travelers logoTravelers
USInsurance Services
1 day ago
68
View

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