Korean Reinsurance Company
Korean Reinsurance Company, often referred to as Korean Re, is a leading player in the global reinsurance industry, headquartered in Seoul, South Korea. Established in 1963, the company has grown to become a prominent provider of reinsurance solutions across Asia and beyond, with a strong presence in key markets including Japan, China, and Southeast Asia. Korean Re offers a diverse range of products and services, specialising in property, casualty, and life reinsurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive landscape. The company has achieved significant milestones, including being the first Korean reinsurer to be listed on the Korea Exchange, solidifying its market position. With a robust financial foundation and a reputation for reliability, Korean Re continues to play a vital role in supporting the insurance industry’s growth and stability.
DitchCarbon Score
How does Korean Reinsurance Company'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 Coal Tar Production 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
Korean Reinsurance Company's score of 25 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Korean Reinsurance Company's reported carbon emissions
In 2023, the Korean Reinsurance Company reported total carbon emissions of approximately 997,600 kg CO2e, comprising 292,400 kg CO2e from Scope 1 and 705,200 kg CO2e from Scope 2 emissions. This marks a decrease from 2022, when total emissions were about 1,079,600 kg CO2e, with Scope 1 emissions at 301,300 kg CO2e and Scope 2 emissions at 778,300 kg CO2e. The company has consistently disclosed emissions data for Scope 1 and Scope 2 over the past three years, with 2021 emissions recorded at approximately 1,035,900 kg CO2e. Despite these figures, the Korean Reinsurance Company has not set specific reduction targets or climate pledges, nor does it report on Scope 3 emissions. The absence of reduction initiatives or commitments indicates a potential area for future development in their climate strategy. The company’s emissions data is independently reported and not cascaded from any parent organisation. Overall, while the Korean Reinsurance Company has made strides in reducing its carbon footprint, further commitments and targets could enhance its climate action profile.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 282,800 | 000,000 | 000,000 |
| Scope 2 | 753,100 | 000,000 | 000,000 |
| Scope 3 | - | - | - |
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.
Korean Reinsurance Company 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.
