Hyundai Marine & Fire Insurance Co., Ltd. Sustainability Profile
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 26 is lower than 61% 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
In 2022, Hyundai Marine & Fire Insurance Co., Ltd. reported total carbon emissions of approximately 26,890,600 kg CO2e. This figure includes 2,689,060 kg CO2e from Scope 1 emissions, 21,006,930 kg CO2e from Scope 2 emissions, and 95,900 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 23,695,990 kg CO2e. Comparatively, in 2021, the company recorded total emissions of approximately 25,495,020 kg CO2e, with Scope 1 emissions at 2,546,540 kg CO2e and Scope 2 emissions at 21,048,480 kg CO2e. The Scope 3 emissions for that year were about 69,700 kg CO2e. Hyundai Marine & Fire Insurance has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from a parent organization, indicating that it operates independently in its reporting and climate commitments. Overall, while the company has made strides in emissions reporting, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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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 |
How Carbon Intensive is Hyundai Marine & Fire Insurance Co., Ltd.'s Industry?
How Carbon Intensive is Hyundai Marine & Fire Insurance Co., Ltd.'s Location?
Hyundai Marine & Fire Insurance Co., Ltd.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hyundai Marine & Fire Insurance Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
