Hanwha Life Insurance Co Ltd

Common Name
Hanwha Life Insurance
Country
South Korea
Sector
Financial Services
Industry
Insurance - Life
Employees
1,105
Ticker
088350
Exchange
KOREA EXCHANGE
Description
Hanwha Life Insurance Co., Ltd. is a prominent life insurance company operating primarily in South Korea. Its primary function is providing a comprehensive range of insurance products including life, ...

Hanwha Life Insurance's GHG Emissions Data Preview

In 2023, Hanwha Life Insurance completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Hanwha Life Insurance has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hanwha Life Insurance's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hanwha Life Insurance amounted to 32,211 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hanwha Life Insurance decreased by 12.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Hanwha Life Insurance's Scope 1 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 ktCO2e+19%+119%+1%-13%
  • Total Scope 1
  • Year-over-Year Change

What are Hanwha Life Insurance's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hanwha Life Insurance were 4,894 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Hanwha Life Insurance reduced its Scope 1 emissions over time?

Since 2019, Hanwha Life Insurance's Scope 1 emissions have increased by 128.42%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Hanwha Life Insurance's Scope 1 emissions decreased by 12.67%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Hanwha Life Insurance's Scope 2 emissions?

In 2023, Hanwha Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 27,317 tCOâ‚‚e without specifying the calculation method.

Has Hanwha Life Insurance reduced its Scope 2 emissions over time?

Since 2019, Hanwha Life Insurance's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 101.14%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Hanwha Life Insurance's Scope 2 emissions (Unspecified Calculation Method) fell by 12.98% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Hanwha Life Insurance use for Scope 2 reporting?

In 2023, Hanwha Life Insurance reported its Scope 2 emissions using an unspecified methodology.

Hanwha Life Insurance's Scope 2 Emissions Over Time

2019202020212022202308.5 k17 k25.5 k34 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hanwha Life Insurance's Value Chain Emissions

In 2023, Hanwha Life Insurance reported 6,872 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Hanwha Life Insurance includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 1 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.

Hanwha Life Insurance's Scope 3 Emissions Over Time

20212022202305 k10 k15 k20 ktCO2e+47%-63%
  • Total Scope 3
  • Year-over-Year Change

What are Hanwha Life Insurance's Scope 3 emissions?

In 2023, Hanwha Life Insurance reported total Scope 3 emissions of 6,872 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Hanwha Life Insurance's Scope 3 emissions decreased by 62.69%, highlighting the company's efforts to lower indirect emissions from its value chain.

Insights into Hanwha Life Insurance's Total Carbon Footprint

In 2023, Hanwha Life Insurance reported a total carbon footprint of 39,083 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 29.47% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Hanwha Life Insurance's total carbon footprint was Scope 2 emissions, accounting for 69.89% of the company's total carbon footprint, followed by Scope 3 emissions at 17.58%.

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