Shinsegae
Shinsegae, officially known as Shinsegae Co., Ltd., is a leading South Korean retail giant headquartered in Seoul, South Korea (KR). Founded in 1930, the company has established itself as a pioneer in the department store industry, with a significant presence across major urban regions in South Korea. Shinsegae operates primarily in the retail sector, offering a diverse range of products including fashion, cosmetics, electronics, and gourmet food. Its unique blend of luxury and accessibility sets it apart from competitors, making it a preferred shopping destination for consumers. Notably, Shinsegae is recognised for its innovative approach to retail, including the introduction of the first department store in Korea. With a strong market position, it continues to achieve remarkable milestones, solidifying its reputation as a leader in the retail landscape.
DitchCarbon Score
How does Shinsegae'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 Business 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
Shinsegae's score of 31 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shinsegae's reported carbon emissions
In 2023, Shinsegae reported total carbon emissions of approximately 15158000 kg CO2e for Scope 1 and 110724000 kg CO2e for Scope 2. Additionally, Scope 3 emissions included about 671000 kg CO2e from business travel and 4000 kg CO2e from waste generated in operations. This data indicates a significant commitment to transparency in their emissions reporting. Comparatively, in 2022, Shinsegae's emissions were approximately 14290000 kg CO2e for Scope 1 and 108931000 kg CO2e for Scope 2, with Scope 3 emissions of about 294000 kg CO2e from business travel and 3000 kg CO2e from waste. The figures show a slight increase in Scope 1 emissions and a stable trend in Scope 2 emissions year-on-year. Despite these emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from Shinsegae, indicating a potential area for improvement in their climate strategy. The company has not set specific science-based targets (SBTi) or documented reduction initiatives, which are critical for aligning with global climate goals. Overall, while Shinsegae demonstrates a commitment to emissions reporting, the absence of reduction targets suggests a need for enhanced climate action strategies moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 17,278,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 120,150,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000 | 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.
Shinsegae 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.
