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 26 is lower than 51% 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 26,890,630 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 emitted approximately 25,495,540 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 around 69,700 kg CO2e. Hyundai Marine & Fire Insurance has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further engagement in climate action strategies within the insurance sector. The company has consistently reported emissions across all three scopes, indicating a comprehensive approach to tracking their 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 |
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 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.
