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 69 is higher than 81% 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 2024, Samsung Fire and Marine Insurance reported total carbon emissions of approximately 1,950,000 kg CO2e, with Scope 1 emissions at about 762,172 kg CO2e, Scope 2 emissions at approximately 1,178,314 kg CO2e, and Scope 3 emissions at about 9,742 kg CO2e. This marks a significant reduction from 2023, where total emissions were approximately 15,129,960 kg CO2e, with Scope 1 at about 3,144,120 kg CO2e, Scope 2 at approximately 11,985,840 kg CO2e, and Scope 3 at about 26,510,500 kg CO2e. The company has set ambitious climate commitments, including a phased implementation plan to replace its entire fleet of business vehicles (156 units) with zero-emission vehicles (ZEVs) by 2030, targeting both Scope 1 and Scope 2 emissions. This initiative reflects a commitment to achieving net-zero emissions in the near term. Samsung Fire and Marine Insurance's emissions data is sourced directly from the company, with no cascading from a parent organization. The company actively participates in sustainability initiatives, including the Carbon Disclosure Project (CDP) and the RE100 initiative, demonstrating its commitment to transparency and accountability in its climate actions.
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| 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000 |
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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.
