- Increased claims and loss rates for insurance portfolios vulnerable to climate change.
- Increased volatility or decline in the value of investment assets due to climate change.
- Legal disputes from external stakeholders and resulting damage to reputation.
- Increased costs for investment companies developing eco-friendly and low-carbon technologies.
Samsung Fire & Marine Insurance Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Samsung Fire & Marine Insurance Co., Ltd. disclosed greenhouse gas emissions of 15.1K tCO2eq. By scope: Scope 1: 3.1K tCO2eq; Scope 2: 12.0K tCO2eq; Scope 3: 26.5K tCO2eq. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
15.1K tCO2eq
2023
Renewable Energy
2.37%
of total energy
Water Usage
206.0K m3
2023
Waste
380 tons
2023
Energy Use
86.6K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.1K tCO2eq |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 12.0K tCO2eq |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 26.5K tCO2eq |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 15.1K tCO2eq |
| 2022 | 14.8K tCO2e/year (Scope 1 & 2) |
| 2021 | 14.7K tCO2e/year (2021) |
| 2020 | 15.2K tCO2eq/year |
| 2018 | 20.2K tCO2e/year |
| 2016 | 28.7K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installed solar panels at the Goyang City Global Campus (training center) in 2018, preventing 293.79tCO2eq of GHG emissions per year.
- Significantly reduced GHG emissions from paper use by about 30.7%.
- Started procurement of renewable energy electricity through the Korean Green Premium System in 2023.
- Deployed 2 additional zero-emission electric vehicles and installed 25 new electric vehicle charging stations by the end of 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 7% by 2023 (target achieved)
- Reduce paper usage by 7%, totaling 1,487 tons from 2022 paper usage (target achieved)
- Achieve KRW 2 billion in eco-friendly product purchases by 2025
📅 Medium-term
- Achieve 100% renewable energy use by 2040 (RE100)
- Achieve KRW 10.5 trillion (cumulative) in ESG investment by 2030
- Achieve Net Zero for financed emissions by 2050
🔭 Long-term
- Achieve Net Zero emissions by 2050
🌱 ESG Focus Areas
Customer-centric ManagementInformation Security and Privacy ProtectionEnhancement of efforts to achieve carbon neutralityOverseas business advancement and global portfolio diversificationEthics & compliance managementDigital innovationBiodiversity and ecosystem restorationClear identification of the business impact of climate change