In 2024, Samsung Fire & Marine 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).
Samsung Fire & Marine Insurance has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,793.81a | 5,716.63a | 6,370.93a | |
Total Scope 2 | ||||
Market-Based | 26,134.51a | 0a | 0a | |
Location-Based | 28,139.25a | 28,630.33a | 26,853.43a | |
Total Scope 3 | 8,571,041.7a | 9,497,510.5a | 15,930,708.31a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4498a | 0.4104a | 0.4771a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Samsung Fire & Marine Insurance amounted to 33,933.06 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 Samsung Fire & Marine Insurance decreased by 1.21%, 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 Samsung Fire & Marine Insurance were 5,793.81 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Samsung Fire & Marine Insurance's Scope 1 emissions have increased by 79.21%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Samsung Fire & Marine Insurance's Scope 1 emissions increased by 1.35%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Samsung Fire & Marine Insurance reported Scope 2 greenhouse gas (GHG) emissions of 26,134.51 tCO₂e using the market-based method and 28,139.25 tCO₂e using the location-based method.a
Since 2020, Samsung Fire & Marine Insurance's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 136.07%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Samsung Fire & Marine Insurance's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Samsung Fire & Marine Insurance's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Samsung Fire & Marine Insurance reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Samsung Fire & Marine Insurance reported 8,571,041.7 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 Samsung Fire & Marine Insurance includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Samsung Fire & Marine Insurance reported total Scope 3 emissions of 8,571,041.7 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.14% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.86% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Samsung Fire & Marine Insurance's Scope 3 emissions have increased by 209,923.08%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Samsung Fire & Marine Insurance's Scope 3 emissions remained relatively stable, indicating that Samsung Fire & Marine Insurance's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Samsung Fire & Marine Insurance reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Samsung Fire & Marine Insurance's Scope 3 emissions were:a
In 2024, Samsung Fire & Marine Insurance reported Scope 1 greenhouse gas (GHG) emissions of 5,793.81 tCO₂e and total revenues of USD 12,881 millions. This translates into an emissions intensity of 0.45 tCO₂e per millions USD.a
In 2024, Samsung Fire & Marine Insurance reported a Scope 1 emissions intensity of 0.45 tCO₂e per millions USD. Compared to the peer group median of 0.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Samsung Fire & Marine Insurance ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Samsung Fire & Marine Insurance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Samsung Fire & Marine Insurance reported a total carbon footprint of 8,604,974.76 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.72% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Samsung Fire & Marine Insurance's total carbon footprint was Scope 3 emissions, accounting for 99.61% of the company's total carbon footprint, followed by Scope 2 emissions at 0.33%.a