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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 34 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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Shinsegae's reported carbon emissions
In 2024, Shinsegae's total carbon emissions amounted to approximately 565,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which totalled about 556,000,000 kg CO2e. This includes emissions from purchased goods and services (approximately 244,000,000 kg CO2e) and downstream leased assets (around 171,000,000 kg CO2e). The company's Scope 1 emissions were about 8,726,300 kg CO2e, while Scope 2 emissions (market-based) reached approximately 26,474,400 kg CO2e. In 2023, Shinsegae reported total emissions of about 3,566,675,500 kg CO2e, with Scope 3 emissions again being the largest contributor at approximately 3,566,675,500 kg CO2e. The Scope 1 emissions for that year were around 9,287,400 kg CO2e, and Scope 2 emissions (market-based) were about 27,203,300 kg CO2e. Shinsegae has set ambitious climate commitments, aiming to reduce Scope 1 and 2 emissions by 30,000 tonnes (42%) by 2030 and to achieve net-zero emissions by 2040. These targets are part of their long-term strategy to address climate change and align with global sustainability goals. The emissions data is sourced directly from Shinsegae Inc., with no cascading from a parent or related organization. The company is actively working towards enhancing its sustainability practices and reducing its carbon footprint across all scopes of emissions.
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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.
