Kyobo Life Insurance
Kyobo Life Insurance, a leading player in the South Korean insurance sector, is headquartered in Seoul, South Korea (KR). Established in 1958, the company has grown to become a prominent provider of life insurance and financial services, catering to a diverse clientele across the nation and beyond. Kyobo Life offers a range of core products, including life insurance, health insurance, and retirement plans, distinguished by their customer-centric approach and innovative solutions. The company has achieved significant milestones, such as being one of the first in the industry to introduce digital insurance services, enhancing accessibility for policyholders. With a strong market position, Kyobo Life Insurance is recognised for its commitment to financial stability and customer satisfaction, making it a trusted choice for individuals seeking comprehensive insurance solutions in South Korea and the wider region.
DitchCarbon Score
How does Kyobo Life Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kyobo Life Insurance's score of 27 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kyobo Life Insurance's reported carbon emissions
In 2023, Kyobo Life Insurance reported total carbon emissions of approximately 30,764,000 kg CO2e, comprising about 4,989,000 kg CO2e from Scope 1 and about 25,775,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2022, when total emissions were about 29,925,000 kg CO2e, with Scope 1 emissions at approximately 4,614,000 kg CO2e and Scope 2 emissions at about 25,311,000 kg CO2e. Over the past few years, Kyobo Life Insurance has demonstrated a commitment to monitoring and managing its carbon footprint, although no specific reduction targets or initiatives have been disclosed. The company has not reported any Scope 3 emissions, indicating a focus on direct and indirect emissions from its operations and energy use. Kyobo Life Insurance's emissions data is self-reported and does not appear to be cascaded from a parent or related organization. The company continues to engage in sustainability practices, as evidenced by its annual sustainability reports, which provide insights into its emissions and environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,704,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,415,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kyobo Life Insurance is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
