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 88% 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 emissions of approximately 997,600 kg CO2e, which includes 705,200 kg CO2e from Scope 2 emissions related to purchased electricity. This marks a slight decrease from 2022, where total emissions were about 1,079,600 kg CO2e, with Scope 2 emissions at 778,300 kg CO2e. The company has not disclosed any Scope 1 emissions data. Despite the emissions data, Korean Reinsurance Company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company’s climate strategy appears to be in its early stages, with no significant pledges or initiatives reported. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by the Korean Reinsurance Company. The company continues to monitor its carbon footprint and may develop more comprehensive climate commitments in the future.
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.
