SFMI participates in various initiatives to advance ESG goals
UNEP FI(United Nations Environment Programme Finance Initiative)
The United nations Environment Programme Finance Initiative(UNEP FI) is a public-private partnership between the UNEP and financial institutions. SFMI has been part of the effort since 2010 to promote sustainable finance together with the international community.
PSI(Principles for Sustainable Insurance)
The Principles for Sustainable Insurance(PSI) is a global framework and initiative aimed at promoting the sustainability management of insurers. After becoming the first Korean insurer to join the framework in 2015, SFMI has been making efforts to promote the sustainability of the insurance industry.
CDP(Carbon Disclosure Project)
The CDP is a consultative organization that evaluates GHG emission reduction activities of major listed companies in the world and provides relevant reports to investors. SFMI has been participating in carbon information disclosure as an institutional investor and information provider since 2010.
UN SDGs(SDGs: Sustainable Development Goals)
The UN SDGs(Sustainable Development Goals) consist of 17 goals and 169 targets that all stakeholders, including governments, businesses, and civil society, should achieve to enable the sustainable development of all countries. As a global corporate citizen, SFMI is committed to accomplishing the UN SDGs by aligning the goals with its sustainability management activities.
TCFD(Task Force on Climate-Related Financial Disclosures)
Established by the Financial Stability Board(FSB), the Task Force on Climate-Related Financial Disclosures(TCFD) recommends that companies disclose climate-related information in the categories of corporate governance, strategy, risk management, and goals and indicators. Starting with the disclosure recommended by the TCFD, SFMI intends to improve the business integration of climate change risks and opportunities.
RE100(Renewable Electricity 100%)
The RE100 is a global campaign to convert 100% of a company's enterprise power into renewable electricity. Samsung Fire & Marine Insurance is participating in global efforts to procure 100% renewable electricity at its workplace.
PCAF(Partnership for Carbon Accounting Financial)
The PCAF is an initiative that provides a unified carbon accounting standard to measure and disclose greenhouse gas emissions from investment/financial transactions by financial institutions. Samsung Fire & Marine Insurance calculates and discloses financial emissions according to PCAF standards.
TNFD(Taskforce on Nature-related Financial Disclosures)
TNFD is a global initiative which is established to provide companies with a framework to quantify and disclose financial risks, and financial opportunities that relate to nature. SFMI joined TNFD in August 2023 and will disclose natural capital on biodiversity in accordance with TNFD's recommendations.