hanwha general insurance

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.