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Hyundai Marine & Fire Insurance Co Ltd
Hyundai Marine & Fire Insurance's GHG Emissions Data Preview
In 2024, Hyundai Marine & Fire 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).
Hyundai Marine & Fire Insurance has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Hyundai Marine & Fire Insurance’s Greenhouse Gas (GHG) Emissions Data
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Insights into Hyundai Marine & Fire Insurance's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHyundai Marine & Fire Insurance amounted to22,886.66metric 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 Hyundai Marine & Fire Insurancedecreased by 4.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hyundai Marine & Fire Insurance's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hyundai Marine & Fire Insurance's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hyundai Marine & Fire Insurance were 2,581.97 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hyundai Marine & Fire Insurance reduced its Scope 1 emissions over time?
Since 2019, Hyundai Marine & Fire Insurance's Scope 1 emissions have decreased by 9.03%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Hyundai Marine & Fire Insurance's Scope 1 emissions decreased by 2.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Hyundai Marine & Fire Insurance's Scope 2 emissions?
In 2024, Hyundai Marine & Fire Insurance reported Scope 2 greenhouse gas (GHG) emissions of 20,304.69 tCOâ‚‚e using the location-based method.a
Has Hyundai Marine & Fire Insurance reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Hyundai Marine & Fire Insurance's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Hyundai Marine & Fire Insurance's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Hyundai Marine & Fire Insurance use for Scope 2 reporting?
In 2024, Hyundai Marine & Fire Insurance reported its Scope 2 emissions using the location-based method.a
Hyundai Marine & Fire Insurance's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hyundai Marine & Fire Insurance's Value Chain Emissions
In 2024, Hyundai Marine & Fire Insurance reported 160.83 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hyundai Marine & Fire Insurance includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Hyundai Marine & Fire Insurance's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hyundai Marine & Fire Insurance's Scope 3 emissions?
In 2024, Hyundai Marine & Fire Insurance reported total Scope 3 emissions of 160.83 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hyundai Marine & Fire Insurance's Scope 3 emissions increased by 14.32%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Hyundai Marine & Fire Insurance disclose?
In 2024, Hyundai Marine & Fire Insurance reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Hyundai Marine & Fire Insurance's Scope 3 emissions?
In 2024, the largest contributors to Hyundai Marine & Fire Insurance's Scope 3 emissions were:a
- Business Travel (Cat. 6): 160.83 tCOâ‚‚e(100%)
Hyundai Marine & Fire Insurance's Scope 3 Emissions by Categories
Insights into Hyundai Marine & Fire Insurance’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hyundai Marine & Fire Insurance reported Scope 1 greenhouse gas (GHG) emissions of 2,581.97 tCOâ‚‚e and total revenues of USD 9,692 millions. This translates into an emissions intensity of 0.27 tCOâ‚‚e per millions USD.a
Hyundai Marine & Fire Insurance's Scope 1 Emissions Intensity Compared to Peers
How does Hyundai Marine & Fire Insurance's GHG emissions intensity compare to its peers?
In 2024, Hyundai Marine & Fire Insurance reported a Scope 1 emissions intensity of 0.27 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.27, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Hyundai Marine & Fire Insurance rank on GHG emissions intensity within its industry?
In 2024, Hyundai Marine & Fire Insurance ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hyundai Marine & Fire Insurance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hyundai Marine & Fire Insurance's Total Carbon Footprint
In 2024, Hyundai Marine & Fire Insurance reported a total carbon footprint of 23,047.49 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.11% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hyundai Marine & Fire Insurance's total carbon footprint was Scope 2 emissions, accounting for 88.1% of the company's total carbon footprint, followed by Scope 1 emissions at 11.2%.a