Shinsegae Sustainability Profile
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 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 556,215,900 kg CO2e. This includes emissions from purchased goods and services (about 243,970,200 kg CO2e) and downstream leased assets (approximately 170,747,300 kg CO2e). The company's Scope 1 emissions were about 8,726,300 kg CO2e, while Scope 2 emissions were approximately 26,474,400 kg CO2e (market-based). In 2023, Shinsegae reported total emissions of around 3,566,675,500 kg CO2e, with Scope 3 emissions again being the largest contributor at about 3,566,675,500 kg CO2e. Scope 1 emissions were approximately 9,287,400 kg CO2e, and Scope 2 emissions were about 27,203,300 kg CO2e (market-based). Despite the substantial emissions figures, there are currently no specific reduction targets or climate pledges documented for Shinsegae. The company has not disclosed any initiatives under the Science Based Targets initiative (SBTi) or other reduction frameworks. The absence of formal reduction commitments suggests a need for enhanced climate action strategies within the organisation. Shinsegae's emissions data is not cascaded from a parent company, indicating that the figures are independently reported. The company is actively engaged in sustainability reporting, as evidenced by its disclosures to the Carbon Disclosure Project (CDP).
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 |
How Carbon Intensive is Shinsegae's Industry?
How Carbon Intensive is Shinsegae's Location?
Shinsegae's Scope 3 Categories Breakdown
Shinsegae's Scope 3 emissions, which increased by 127% last year and increased by approximately 127% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Shinsegae'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.
Shinsegae 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.
