Shinsegae, officially known as Shinsegae Co., Ltd., is a prominent player in the South Korean business landscape, headquartered in Seoul, KR. Established in 1930, the company has evolved significantly, becoming a leader in the retail and other business services sector (NAICS 74). With a strong presence across major operational regions in South Korea, Shinsegae is renowned for its department stores, hypermarkets, and online retail platforms.
The company offers a diverse range of products and services, including fashion, cosmetics, and home goods, distinguished by their commitment to quality and customer experience. Notably, Shinsegae has achieved remarkable milestones, such as the launch of its flagship store in Gangnam, which showcases innovative retail concepts. As a market leader, Shinsegae continues to set trends in the industry, solidifying its reputation as a pioneer in the retail sector.
+1 vs industry average
Shinsegae’s score of 35 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services is among the least carbon-intensive industries
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Shinsegae's reported carbon emissions
Shinsegae, a South Korean company in the other business services sector, has disclosed its carbon emissions data for several years. In 2024, the company reported total Scope 1 and Scope 2 emissions of approximately 8.87 million kg CO2e, with Scope 1 emissions totalling about 54,000 kg CO2e and Scope 2 emissions around 8.81 million kg CO2e. Scope 3 emissions for 2024 were approximately 1.05 million kg CO2e.
For 2023, Shinsegae's total Scope 1 and 2 emissions were approximately 8.25 million kg CO2e, comprising about 72,000 kg CO2e of Scope 1 and 8.17 million kg CO2e of Scope 2. Scope 3 emissions in 2023 were approximately 979,000 kg CO2e.
In 2022, the company's Scope 1 and 2 emissions totalled approximately 6.82 million kg CO2e, with Scope 1 at about 49,000 kg CO2e and Scope 2 at 6.77 million kg CO2e. Scope 3 emissions were approximately 807,000 kg CO2e.
Looking further back, in 2021, Shinsegae reported Scope 1 emissions of approximately 12.65 million kg CO2e and Scope 2 emissions of approximately 106.35 million kg CO2e. Scope 3 data was not disclosed for this year. Similarly, for 2020, Scope 1 emissions were approximately 13.95 million kg CO2e and Scope 2 emissions were about 109.04 million kg CO2e, with Scope 3 data not provided. In 2019, Scope 1 emissions were approximately 17.28 million kg CO2e and Scope 2 emissions were about 120.15 million kg CO2e.
Shinsegae's ESG reports indicate that data for certain Scope 3 categories, including purchased goods and services, business travel, and employee commute, are missing for the reported periods. The company has not publicly announced specific reduction targets or commitments to initiatives such as SBTi or RE100.
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Shinsegae’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Shinsegae yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Shinsegae
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