Samsung Fire And Marine Insurance Sustainability Profile
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 43 is higher than 61% 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 41.6 million kg CO2e. This figure includes Scope 1 emissions of about 3.1 million kg CO2e, Scope 2 emissions of approximately 11.9 million kg CO2e, and Scope 3 emissions of around 26.5 million kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In 2022, the total emissions were approximately 18.5 million kg CO2e, indicating a significant increase in emissions in 2023. The breakdown for 2022 shows Scope 1 emissions at about 3.0 million kg CO2e, Scope 2 emissions at approximately 11.7 million kg CO2e, and Scope 3 emissions at around 3.7 million kg CO2e. Samsung Fire and Marine Insurance has not reported any specific science-based targets (SBTi) or other formal reduction initiatives. The emissions data is sourced directly from Samsung Fire & Marine Insurance Co., Ltd., with no cascading from a parent organization. The company continues to engage in industry-standard climate practices, although further details on their climate commitments remain vague.
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| 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,550,000 | 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 | 27,555,000 | 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 |
How Carbon Intensive is Samsung Fire And Marine Insurance's Industry?
How Carbon Intensive is Samsung Fire And Marine Insurance's Location?
Samsung Fire And Marine Insurance's Scope 3 Categories Breakdown
Samsung Fire And Marine Insurance's Scope 3 emissions, which increased by 615% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 8% of Scope 3 emissions.
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Samsung Fire And Marine 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.
Samsung Fire And Marine Insurance has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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