In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 4,390.884a | 4,894a | 5,604a | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 8,471.833a | 10,266,872a | 11,787,242a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3868a | 0.3641a | 0.5016a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hanwha Life Insurance amounted to 29,847.35 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hanwha Life Insurance decreased by 7.34%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Hanwha Life Insurance were 4,390.884 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hanwha Life Insurance's Scope 1 emissions have increased by 104.94%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hanwha Life Insurance's Scope 1 emissions decreased by 10.28%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hanwha Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 25,456.466 tCO₂e using the location-based method.a
Compared to the previous year (2023), Hanwha Life Insurance's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hanwha Life Insurance's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Hanwha Life Insurance reported its Scope 2 emissions using the location-based method.a
In 2024, Hanwha Life Insurance reported 8,471.833 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 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 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Hanwha Life Insurance reported total Scope 3 emissions of 8,471.833 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Hanwha Life Insurance's Scope 3 emissions decreased by 99.92%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Hanwha Life Insurance reported Scope 1 greenhouse gas (GHG) emissions of 4,390.884 tCO₂e and total revenues of USD 11,352 millions. This translates into an emissions intensity of 0.39 tCO₂e per millions USD.a
In 2024, Hanwha Life Insurance reported a Scope 1 emissions intensity of 0.39 tCO₂e per millions USD. Compared to the peer group median of 0.3, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Hanwha Life Insurance ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hanwha Life Insurance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hanwha Life Insurance reported a total carbon footprint of 38,319.183 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.63% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hanwha Life Insurance's total carbon footprint was Scope 2 emissions, accounting for 66.43% of the company's total carbon footprint, followed by Scope 3 emissions at 22.11%.a