In 2024, Samsung Fire & Marine Insurance conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 929a | 730a | 769a | |
Total Waste Recovered | 445a | 342a | 357a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2024, Samsung Fire & Marine Insurance generated a total of 929metric tonnes of waste.a
Of this amount, 47.9% of Samsung Fire & Marine Insurance's total waste generated was recovered through methods such as recycling, reuse, or composting, while 51.13% was disposed of through landfilling, incineration, or combustion.a
In 2024, Samsung Fire & Marine Insurance reported a total waste generation of 929 metric tonnes, of which 47.9% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Samsung Fire & Marine Insurance is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2022, Samsung Fire & Marine Insurance's total waste generation increased by 20.81%, including a 27.26%increase in 2024, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a
Over the same period, Samsung Fire & Marine Insurance's waste recovery rate increased by 3.18%, including a 2.24% rise in 2024, indicating growing emphasis on circularity and improved operational practices for diverting waste from disposal.a
Overall, Samsung Fire & Marine Insurance has seen a consistent rise in waste generation both over the long term and in the year 2024. However, the company has also steadily improved its waste recovery performance, suggesting that it is actively working to offset the environmental consequences of increased production through enhanced circularity efforts.