In 2024, Samsung 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).
Samsung Life Insurance has also provided a category-level breakdown for 9 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | 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 |
Location-Based | 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 |
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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 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 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Samsung Life Insurance amounted to 66,862 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 Life Insurance decreased by 0.21%, 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 Life Insurance were 32,288 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2023), Samsung Life Insurance's Scope 1 emissions remained relatively stable, indicating that Samsung Life Insurance's emissions have plateaued with no significant change in its operational footprint. a
In 2024, Samsung Life Insurance reported Scope 2 greenhouse gas (GHG) emissions of 31,688 tCO₂e using the market-based method and 34,574 tCO₂e using the location-based method. a
In 2024, Samsung Life Insurance reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Samsung Life Insurance reported 27,736,095 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 Life Insurance includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, Samsung Life Insurance reported total Scope 3 emissions of 27,736,095 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.9% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2020, Samsung Life Insurance's Scope 3 emissions have increased by 1,445,241.06%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Samsung Life Insurance's Scope 3 emissions remained relatively stable, indicating that Samsung Life Insurance 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, Samsung Life 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 Life Insurance's Scope 3 emissions were: a
In 2024, Samsung Life Insurance reported Scope 1 greenhouse gas (GHG) emissions of 32,288 tCO₂e and total revenues of USD 16,285 millions. This translates into an emissions intensity of 1.98 tCO₂e per millions USD. a
In 2024, Samsung Life Insurance reported a Scope 1 emissions intensity of 1.98 tCO₂e per millions USD. Compared to the peer group median of 0.37 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, Samsung Life Insurance ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Samsung Life Insurance among the least efficient performers, with one of the highest emissions intensities in its sector. a
In 2024, Samsung Life Insurance reported a total carbon footprint of 27,802,957 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.32% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Samsung Life Insurance's total carbon footprint was Scope 3 emissions, accounting for 99.76% of the company's total carbon footprint, followed by Scope 2 emissions at 0.12%. a