Kyobo Life Insurance
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 37 is higher than 85% 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. This figure includes about 4,989,000 kg CO2e from Scope 1 emissions, 25,775,000 kg CO2e from Scope 2 emissions, and 6,263,000 kg CO2e from Scope 3 emissions. The company's emissions have shown fluctuations over recent years. In 2022, total emissions were about 29,925,000 kg CO2e, with Scope 1 at approximately 4,614,000 kg CO2e, Scope 2 at around 25,311,000 kg CO2e, and Scope 3 at about 3,243,000 kg CO2e. In 2021, emissions were slightly lower at about 29,793,000 kg CO2e, while in 2020, they were approximately 30,406,000 kg CO2e. Kyobo Life Insurance has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to monitor and report its emissions across Scopes 1, 2, and 3, indicating a commitment to transparency in its climate impact. Overall, while Kyobo Life Insurance has made strides in tracking its carbon footprint, further details on reduction strategies and commitments would enhance its climate action profile.
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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 | - | - | - | 0,000,000 | 0,000,000 |
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.
Kyobo Life Insurance 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.
