Kyobo Life Insurance Sustainability Profile
Kyobo Life Insurance, a leading player in the South Korean insurance sector, is headquartered in Seoul, South Korea (KR). Established in 1958, the company has grown to become a prominent provider of life insurance and financial services, catering to a diverse clientele across the nation and beyond. Kyobo Life offers a range of core products, including life insurance, health insurance, and retirement plans, distinguished by their customer-centric approach and innovative solutions. The company has achieved significant milestones, such as being one of the first in the industry to introduce digital insurance services, enhancing accessibility for policyholders. With a strong market position, Kyobo Life Insurance is recognised for its commitment to financial stability and customer satisfaction, making it a trusted choice for individuals seeking comprehensive insurance solutions in South Korea and the wider region.
DitchCarbon Score
How does Kyobo Life Insurance'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
Kyobo Life Insurance's score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kyobo Life Insurance's reported carbon emissions
In 2023, Kyobo Life Insurance reported total carbon emissions of approximately 30,764,000 kg CO2e, comprising 4,989,000 kg CO2e from Scope 1 and 25,775,000 kg CO2e from Scope 2. This marks a slight increase from 2022, when emissions totalled about 29,925,000 kg CO2e, with Scope 1 at 4,614,000 kg CO2e and Scope 2 at 25,311,000 kg CO2e. Over the past few years, the company has maintained a consistent level of emissions, with Scope 1 and 2 emissions showing minor fluctuations. Kyobo Life Insurance has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company has not reported any formal climate pledges or reduction initiatives, indicating a potential area for future commitment. The emissions data is sourced directly from Kyobo Life Insurance Co., Ltd., with no cascaded data from parent or related organizations. The company continues to operate within the insurance sector in South Korea, where climate commitments are increasingly becoming a focus for sustainability efforts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,704,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,415,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Kyobo Life Insurance's Industry?
How Carbon Intensive is Kyobo Life Insurance's Location?
Kyobo Life Insurance's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kyobo Life Insurance has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
