Samsung Fire & Marine was the first Asian insurer to adopt modest coal restrictions but needs to phase out its support for coal companies not aligned with a credible 1.5ºC pathway.
Samsung FM
2024 Scorecard on Insurance, Fossil Fuels and the Climate Emergency
| Company | Country | ceo | Underwriting | Investment | Renewables : Fossils Premiums (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | Coal | Oil & Gas | Total | Coal | Oil & Gas | |||||||
Samsung FM | | Hong Won-Hak | 1.21 / 10 Rank 18 Total 1.21 / 10 Coal 1.36 / 10 Oil & Gas 1.06 / 10 Total Rank 18 Coal Rank 16 Oil & Gas Rank 18 | 1.36 / 10 Rank 16 | 1.06 / 10 Rank 18 | 2.0 / 10 Rank 18 Total 2.0 / 10 Coal 2.5 / 10 Oil & Gas 1.9 / 10 Total Rank 18 Coal Rank 12 Oil & Gas Rank 18 | 2.5 / 10 Rank 12 | 1.9 / 10 Rank 18 | 16:84 | |||
CEO: Hong Won-Hak
South KoreaUnderwriting Score
Total
1.21 / 10
Rank 18
Coal
1.36 / 10
Rank 16
Oil & Gas
1.06 / 10
Rank 18
Investment Score
Total
2.0 / 10
Rank 18
Coal
2.5 / 10
Rank 12
Oil & Gas
1.9 / 10
Rank 18
Rank over time
The companies were ranked from 1 (best) to 30 (worst) based on their scores, companies with the same score were given the same rank. Data was not collected on oil & gas until 2020.
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