Hyundai Marine & Fire Insurance Co., Ltd.
Hyundai Marine & Fire Insurance Co., Ltd., commonly referred to as Hyundai Insurance, is a prominent player in the South Korean insurance industry, headquartered in Seoul, KR. Established in 1955, the company has built a strong reputation for its comprehensive range of insurance products, including marine, fire, and general liability insurance. With a focus on innovation and customer service, Hyundai Insurance has achieved significant milestones, positioning itself as a leader in the market. Its unique offerings, such as tailored marine insurance solutions, cater to the specific needs of businesses engaged in international trade. The company’s commitment to excellence is reflected in its robust financial standing and a growing presence in major operational regions across Asia.
DitchCarbon Score
How does Hyundai Marine & Fire Insurance Co., Ltd.'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
Hyundai Marine & Fire Insurance Co., Ltd.'s score of 24 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyundai Marine & Fire Insurance Co., Ltd.'s reported carbon emissions
Hyundai Marine & Fire Insurance Co., Ltd., headquartered in South Korea (KR), has reported its carbon emissions data for the years 2018 to 2022. In 2022, the company emitted approximately 23,695,990 kg CO2e, comprising 2,689,060 kg CO2e from Scope 1 and 21,006,930 kg CO2e from Scope 2 emissions. The total emissions for 2021 were about 23,595,020 kg CO2e, with Scope 1 emissions at 2,546,540 kg CO2e and Scope 2 at 21,048,480 kg CO2e. In 2020, the company reported total emissions of approximately 23,734,250 kg CO2e, including 2,477,610 kg CO2e from Scope 1 and 21,256,640 kg CO2e from Scope 2, along with 77,700 kg CO2e from Scope 3. The trend shows a slight increase in emissions from 2019, where total emissions were about 22,775,230 kg CO2e, with Scope 1 at 2,838,380 kg CO2e and Scope 2 at 19,936,850 kg CO2e. In 2018, the total emissions were approximately 22,653,400 kg CO2e, with Scope 1 emissions of 3,343,900 kg CO2e and Scope 2 emissions of 19,309,510 kg CO2e. Despite these figures, Hyundai Marine & Fire Insurance has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction strategies suggests a need for further engagement in climate action within the insurance industry context.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 3,343,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,309,510 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000 | 00,000 | 00,000 |
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.
Hyundai Marine & Fire Insurance Co., Ltd. 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.
