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 29 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shinsegae's reported carbon emissions
In 2023, Shinsegae reported total carbon emissions of approximately 126,000,000 kg CO2e, comprising 15,158,000 kg CO2e from Scope 1 and 110,724,000 kg CO2e from Scope 2. Additionally, the company recorded Scope 3 emissions of about 675,000 kg CO2e, which included 671,000 kg CO2e from business travel and 4,000 kg CO2e from waste generated in operations. Over the past few years, Shinsegae has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were approximately 123,212,000 kg CO2e, indicating a slight increase in 2023. The company has disclosed emissions data for Scope 1, 2, and 3, but currently has no specific reduction targets or climate pledges in place. Shinsegae's emissions intensity, measured as kg CO2e per unit of revenue, reflects its operational efficiency and commitment to sustainability. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to any reduction initiatives 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.
