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 11 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Korean Reinsurance Company's reported carbon emissions
In 2023, Korean Reinsurance Company reported total carbon emissions of approximately 1,290,000 kg CO2e, comprising 292,400 kg CO2e from Scope 1 and 997,600 kg CO2e from Scope 2. This reflects a slight decrease in Scope 2 emissions compared to 2022, where total emissions were about 1,080,000 kg CO2e, with Scope 1 emissions at 301,300 kg CO2e and Scope 2 at 1,079,600 kg CO2e. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, it continues to monitor and report its emissions, indicating a commitment to transparency in its climate impact. Korean Reinsurance Company’s emissions intensity metrics for 2023 show a greenhouse gas emissions intensity of 0.065 per square metre and a financed emissions intensity of 0.259 per unit of revenue. These figures suggest ongoing efforts to manage and potentially reduce their carbon footprint in alignment with industry standards.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 282,800 | 000,000 | 000,000 |
| Scope 2 | 1,035,900 | 0,000,000 | 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 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.
