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 14 is lower than 95% 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 greenhouse gas emissions intensity of approximately 0.065 kg CO2e per square metre, with financed emissions intensity at about 0.259 kg CO2e per unit of revenue (KRW). This data indicates a slight decrease in emissions intensity compared to 2022, where the figures were approximately 0.069 kg CO2e per square metre and 0.245 kg CO2e per unit of revenue, respectively. The company has not disclosed specific Scope 1, 2, or 3 emissions data, nor have they set formal reduction targets or climate pledges. However, their ongoing commitment to monitoring and reporting emissions reflects an awareness of climate impact and a potential pathway towards future sustainability initiatives. Overall, while specific emissions data is limited, the Korean Reinsurance Company's focus on emissions intensity metrics suggests a proactive approach to understanding and managing their carbon footprint in the context of global climate commitments.
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.
