Climate Change Data

Dongbu Insurance Co.,Ltd.

Climate Impact & Sustainability Data (2006-04-01 to 2007-03-31)

Reporting Period: 2006-04-01 to 2007-03-31

Environmental Metrics

Total Carbon Emissions:1610 tCO2e/year (main office)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:1259 tCO2e/year (main office)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:8996 MWh/year
Water Consumption:605 m3/year
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Management Innovation
  • Ethical Management
  • Stakeholder Value
  • Social Contribution
  • Environmental Protection

Environmental Achievements

  • Reduced CO2 emissions by 3.8% year-on-year to 1,610 tons (main office only).
  • Reduced water usage by 22.1% year-on-year through energy saving campaigns and wastewater reclamation and recycling systems.
  • Reduced gas consumption through more efficient air conditioning management and fewer operating hours.
  • Reduced paper usage by 63% year-on-year through the implementation of an Electronic Data Management System (EDMS).

Social Achievements

  • Launched the Promy Volunteer Corps with 843 active members participating in various community service activities.
  • Improved Customer Satisfaction Index (CSI) scores.
  • Improved Employee Satisfaction Index (ESI) by 2 points.
  • Increased hiring of differently-abled employees by 41%.

Governance Achievements

  • Promulgated a charter of corporate governance in 2006.
  • Implemented an internal control system for financial reports to guarantee transparency.
  • Won the Korea Business Ethics Award in 2006.

Climate Goals & Targets

Long-term Goals:
  • Become a world-class insurance company that creates customer values and is globally competitive.
Medium-term Goals:
  • Become Korea’s ‘No.1’ non-life insurer in terms of customer, shareholder, and employee values.
  • Achieve global standards of competitiveness in main businesses.
Short-term Goals:
  • Obtain a certificate for ‘outstanding consumer protection’ from the FSS.
  • Expand the Promy Volunteer Corps and increase social involvement activities.

Environmental Challenges

  • Intense competition and growing loss ratios in the auto insurance sector.
  • Increasingly complex customer needs and competition with other financial sectors.
  • Weakening moral standards leading to increased insurance crimes.
  • Need to improve transparency and ethical awareness in society.
Mitigation Strategies
  • Implementing 'Change & Challenge (C&C) No.1' management innovation strategy.
  • Incorporating ethical management into organizational culture.
  • Building mutual trusting partnerships with business partners.
  • Participating in social contribution efforts.
  • Implementing Great Work Place (GWP) programs to improve employee work environment and satisfaction.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Selection of business affiliates and suppliers based on their commitment to the environment.
  • Preference for green products and products bearing the ‘Korea Eco-Label’.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G3 Guidelines, BSR B.E.S.T. Sustainability Reporting Guideline

Certifications: Null

Third-party Assurance: Institute for Industrial Policy Studies (IPS)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Gomduri auto insurance for the disabled
  • Windstorm and flood insurance
  • Crop insurance

Awards & Recognition

  • Korea Business Ethics Award
  • Korea National Quality Management Awards
  • Trust Company Awards
  • Korea Great Place to Work Awards
  • Corporate Innovation Awards
  • Dasan Financial Award
  • and many others