Samsung Fire & Marine Insurance Establishes ESG Committee to Strengthen Sustainable Management

Samsung Fire & Marine Insurance Headquarters

[Asia Economy Reporter Oh Hyung-gil] Samsung Fire & Marine Insurance announced on the 22nd that it has established an ESG (Environmental, Social, and Governance) Committee to strengthen sustainable management.

Samsung Fire & Marine Insurance has established the highest decision-making system for major ESG policy decisions under the board of directors, creating a foundation for swift decision-making on ESG management issues. It is expected to effectively respond to the demands of various stakeholders related to diverse ESG activities.

To internalize ESG management, Samsung Fire & Marine Insurance has been expanding sales of eco-friendly insurance products, realizing paperless insurance contracts, and conducting greenhouse gas reduction activities. In accordance with the principles of socially responsible investment, it has declared a coal phase-out policy and is continuously expanding investments related to renewable energy.

It is the only domestic insurance company to be included in the Dow Jones Sustainability World Index for seven consecutive years and has achieved a comprehensive A rating in the ESG evaluation by the Korea Corporate Governance Service, demonstrating excellent results in both domestic and international assessments.

A Samsung Fire & Marine Insurance official said, "We have gained momentum in establishing company-wide ESG strategies and policies," adding, "We will take the lead in ESG management that fulfills the corporate social responsibility."

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