Shinhan Life Insurance Co.,Ltd. Sustainability Profile
Shinhan Life Insurance Co., Ltd., headquartered in South Korea (KR), is a prominent player in the life insurance industry, offering a diverse range of financial protection and investment products. Founded in 2001, the company has rapidly established itself as a trusted provider, with significant operations across major regions in South Korea. Specialising in life insurance, health insurance, and retirement planning, Shinhan Life distinguishes itself through innovative solutions tailored to meet the evolving needs of its clients. The company has achieved notable milestones, including recognition for its customer service excellence and robust financial performance, positioning it as a leader in the competitive insurance market. With a commitment to sustainability and customer-centric practices, Shinhan Life continues to enhance its reputation as a reliable partner in securing financial futures.
DitchCarbon Score
How does Shinhan Life Insurance Co.,Ltd.'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
Shinhan Life Insurance Co.,Ltd.'s score of 55 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shinhan Life Insurance Co., Ltd., headquartered in South Korea (KR), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Shinhan Financial Group Co., Ltd., which may influence its climate commitments and initiatives. While there are no documented reduction targets or climate pledges specific to Shinhan Life Insurance, it is important to note that any potential climate strategies or targets would likely be aligned with those of its parent company, Shinhan Financial Group Co., Ltd. This group has been involved in various sustainability initiatives, including commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP). As a subsidiary, Shinhan Life Insurance may benefit from the overarching climate strategies and performance metrics established by Shinhan Financial Group, which could include goals for reducing Scope 1, 2, and 3 emissions. However, without specific data or targets from Shinhan Life Insurance itself, the details remain vague. In summary, while Shinhan Life Insurance Co., Ltd. does not currently provide emissions data or specific climate commitments, it is positioned within a corporate family that is actively engaged in sustainability efforts. Further information may be available through the parent company's disclosures.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 14,086,500 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 76,108,400 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 20,891,700 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Shinhan Life Insurance Co.,Ltd.'s Industry?
How Carbon Intensive is Shinhan Life Insurance Co.,Ltd.'s Location?
Shinhan Life Insurance Co.,Ltd.'s Scope 3 Categories Breakdown
Shinhan Life Insurance Co.,Ltd.'s Scope 3 emissions, which increased by 2% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Shinhan Life Insurance Co.,Ltd.'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.
Shinhan Life Insurance Co.,Ltd. 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.
