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.
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.
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.
Hanwha Life Insurance's score of 41 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 emissions. This reflects a commitment to transparency in their emissions reporting, as they have disclosed data across all three scopes. In 2022, the company recorded total emissions of 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. This indicates a significant reduction in total emissions from 2022 to 2023. Despite these figures, Hanwha Life Insurance has not publicly set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests that while the company is actively monitoring its emissions, it may not yet have formalised a comprehensive strategy for significant emissions reductions in line with industry standards.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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 committed to any reduction initiatives 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.