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 60% 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 126,580,000 kg CO2e, comprising 15,158,000 kg CO2e from Scope 1 and 110,724,000 kg CO2e from Scope 2 emissions. Additionally, the company recorded Scope 3 emissions of about 675,000 kg CO2e, which includes 671,000 kg CO2e from business travel and 4,000 kg CO2e from waste generated in operations. Comparatively, in 2022, Shinsegae's emissions were approximately 131,830,000 kg CO2e, with Scope 1 emissions at 14,290,000 kg CO2e and Scope 2 emissions at 108,931,000 kg CO2e. Scope 3 emissions for that year were about 297,000 kg CO2e. Shinsegae has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not appear to have cascaded emissions data from a parent organisation, and all reported figures are derived directly from Shinsegae Inc. Overall, Shinsegae's emissions data reflects its operational impact on climate change, with a significant portion of emissions stemming from energy use in its operations. The absence of formal reduction targets indicates a potential area for future commitment to sustainability and climate action.
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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.
