Hanwha Life Insurance
Hanwha Life Insurance, a prominent player in the insurance industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 1946, the company has established itself as a leader in life insurance, offering a diverse range of products including individual and group life insurance, health insurance, and retirement plans. With a commitment to innovation, Hanwha Life Insurance stands out for its customer-centric approach and advanced digital solutions, catering to the evolving needs of policyholders. The company has achieved significant milestones, including recognition for its financial strength and stability, positioning it as a trusted choice in the market. As a subsidiary of the Hanwha Group, Hanwha Life continues to enhance its reputation through strategic growth and a focus on sustainable practices.
DitchCarbon Score
How does Hanwha Life 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 Life Insurance's score of 49 is higher than 95% 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 Life Insurance's reported carbon emissions
In 2023, Hanwha Life Insurance reported total carbon emissions of approximately 32,203,000 kg CO2e, comprising 4,894,000 kg CO2e from Scope 1, 27,317,000 kg CO2e from Scope 2, and 6,872,000 kg CO2e from Scope 3. This represents a significant reduction from 2022, where total emissions were about 54,220,000 kg CO2e, with Scope 1 emissions at 5,604,000 kg CO2e, Scope 2 at 31,391,000 kg CO2e, and Scope 3 at 17,242,000 kg CO2e. Hanwha Life has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company has established greenhouse gas reduction targets that align with national carbon reduction goals. Specifically, they aim for a 32.8% reduction in emissions from 2022 levels by 2030 for both Scope 1 and Scope 2 emissions. In 2022, they successfully reduced their GHG emissions by 1.6% from the previous year, equating to a reduction of approximately 661,000 kg CO2e. These initiatives reflect Hanwha Life's commitment to sustainability and its proactive approach to addressing climate change within the insurance industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 5,572,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 33,213,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 11,263,000 | 00,000,000 | 0,000,000 |
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 Life 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.
