- Climate change-related natural disasters
- Global decarbonization transition
- New solvency regulations (IFRS17, K-ICS)
- Geopolitical and socio-political uncertainties
Korean Reinsurance Company
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Korean Reinsurance Company disclosed greenhouse gas emissions of 997 tCO2e/year. By scope: Scope 1: 292.4 tCO2e/year; Scope 2: 705.2 tCO2e/year. 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
997 tCO2e/year
2023
Water Usage
10.3K tons/year
2023
Waste
57.1 tons/year
2023
Energy Use
20.1K GJ/year
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). | 292.4 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 705.2 tCO2e/year |
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 | 997 tCO2e/year |
| 2022 | 57.8K tCO2eq/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy consumption by 8% (2023 vs 2022)
- Reduced greenhouse gas emissions by 7.5% (2023 vs 2022)
- Increased recycling rate of waste by 9.2% (2023 vs 2022)
- Achieved over 20% renewable energy share in new building construction plan (2025)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions by 3% annually until 2027
- Increase employee volunteer participation rate to 95% by 2030
📅 Medium-term
- Achieve 6.5% ESG investment share of total general insurance assets by 2050
- Reduce coal-related portfolio share by 94% by 2050
🔭 Long-term
- Achieve net-zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeWorkforce DiversityGovernanceSocial ContributionWork-Life BalanceSustainable Society