Samsung Fire And Marine Insurance
Samsung Fire and Marine Insurance Co., Ltd., commonly referred to as Samsung Fire, is a leading player in the South Korean insurance industry, headquartered in Seoul, South Korea (KR). Established in 1952, the company has grown significantly, expanding its operations across major regions in Asia and beyond. Specialising in property, casualty, and marine insurance, Samsung Fire distinguishes itself through innovative risk management solutions and a customer-centric approach. The company has achieved notable milestones, including recognition for its financial stability and comprehensive service offerings. With a strong market position, Samsung Fire continues to set industry standards, providing tailored insurance products that meet the diverse needs of individuals and businesses alike. Its commitment to excellence and continuous improvement solidifies its reputation as a trusted insurance provider in the competitive landscape.
DitchCarbon Score
How does Samsung Fire And Marine 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
Samsung Fire And Marine Insurance's score of 40 is higher 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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Samsung Fire And Marine Insurance's reported carbon emissions
In 2023, Samsung Fire and Marine Insurance reported total carbon emissions of approximately 28,418,560 kg CO2e, with Scope 1 emissions at about 3,144,120 kg CO2e and Scope 2 emissions at approximately 11,985,840 kg CO2e. The company has disclosed emissions data across Scopes 1, 2, and 3, demonstrating a comprehensive approach to tracking its carbon footprint. Over the years, Samsung Fire and Marine Insurance has shown a trend of decreasing emissions. For instance, total emissions decreased from about 32,044,000 kg CO2e in 2014 to the latest figure in 2023. This represents a significant reduction in emissions, highlighting the company's commitment to improving its environmental performance. Despite these reductions, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment. The company has not disclosed any initiatives under the Science Based Targets initiative (SBTi) or other formal reduction targets, which could enhance its climate strategy. Overall, Samsung Fire and Marine Insurance's emissions data reflects a proactive stance towards managing its carbon footprint, although further commitments could strengthen its climate action framework.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,316,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,762,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
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.
Samsung Fire And Marine Insurance is participating in some 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.
