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 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 2019 to 2022. In 2022, the company emitted approximately 2,689,060 kg CO2e from Scope 1 emissions, 21,006,930 kg CO2e from Scope 2 emissions, and 95,890 kg CO2e from Scope 3 emissions. The previous years show a trend of fluctuating emissions, with 2021 reporting 2,546,540 kg CO2e (Scope 1), 21,048,480 kg CO2e (Scope 2), and 69,670 kg CO2e (Scope 3). In 2020, emissions were approximately 2,477,610 kg CO2e (Scope 1), 21,256,640 kg CO2e (Scope 2), and 77,650 kg CO2e (Scope 3). The highest recorded emissions were in 2019, with 3,052,000 kg CO2e (Scope 1), 20,261,400 kg CO2e (Scope 2), and 22,234,570 kg CO2e (Scope 3). Despite these figures, Hyundai Marine & Fire Insurance has not publicly committed to specific reduction targets or initiatives, indicating a potential area for future development in their climate strategy. The company’s emissions profile reflects the broader industry context, where insurance firms are increasingly expected to address climate change impacts and enhance sustainability practices.
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Get Started| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 3,052,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,261,400 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 22,234,570 | 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.
