Climate Change Response Strategy
DB Insurance operates environmental management strategies based on three principles of the environmental management including specialization of environmental risk management, minimization of environmental footprint, and the expansion of green finance and environmental project. The company is committed to ensure more sustainable recycling of resources by establishing and operating environmental management guidelines, thereby minimizing environmental impact of its management activities
Periodically collects weather data
DB Insurance periodically collects weather data(on heavy rain, strong winds, typhoons, snow, and earthquakes)
from the Korea Meteorological Administration(“Comprehensive National Weather Information”) and the Korea Fire Protection Association,
and broadcasts it company-wide on a weather information screen(risk of heavy rain or typhoon and information on regional climate extremes).
We support decision-making on insurance contract U/W reviews by assessing natural disaster risks. For risk management, we prevent damage to the life
and property of customers by consulting with business sites that are vulnerable to natural disasters and providing them with reports.
Establish Company-wide Disaster Response System
DB Insurance monitors business sites in real time to identify risks, using rapid notifications to prevent the spread of risks in cases of emergencies.
We replicate data in real time to achieve system switch to the Songdo Disaster Recovery Center in cases of disasters, and conduct disaster recovery mock drills twice a year to enable system re-activation within 3 hours. Also, through establishment of IT development projects’ KPIs and systematic inspection activities, we make stronger efforts to improve IT performance. And by doing that, we can minimize damage from risks and quickly normalize operations.
Expansion of Socially-responsible Investment
DB Insurance conducts sustainable investments in consideration of environmental and social impacts as well as short-term profitability.
In accordance with our own internal review criteria, we invest in moral, transparent corporations and eco-friendly corporations and exclude corrupt and unethical corporations and
corporations that offer gambling, tobacco, and alcoholic beverages(“negative screening”), thus endeavoring to fulfill our social responsibility. In addition, we contribute to infrastructure development, such as strengthening investment in renewable energy and SOC businesses which can create eco-friendly value as well as generate stable profitability
Status of Socially-responsible Investment
Unit: KRW 100million, %
| Category |
Scale of Operation |
Revenue |
Rate of Return |
|---|---|---|---|
| Renewable energy |
3,522 |
168 |
4.8 |
| Green(eco-friendly) power generation |
6,350 |
278 |
4.4 |
| SOC |
10,071 |
428 |
4.3 |
| Total |
19,943 |
874 |
4.4 |
Energy Usage(Greenhouse Gas Emissions)
the company measures the performance of the nine domestic corporate buildings and leased offices in the country. In calculating the amounts of GHG emissions, the company applies coefficients set forth in the IPCC GL 2006; GHG emissions from sales branches and overseas offices are excluded. DB Insurance relies on bulk electrical supply by the Korea Electric Power Corporation(KEPCO) as its main energy source along with fossil fuels(LNG, diesel and petroleum) for heating and emergency power generators.
- Energy consumption was calculated in accordance with energy calorie conversion standards in the attached table of the Domestic Energy Act revised on December 30, 2011.
|
Indicators |
Unit |
2017 |
2018 |
2019 |
Remarks |
||
|---|---|---|---|---|---|---|---|
Energy |
Electricity |
N㎥ |
1,307,991 |
1,349,169 |
1,233,229 |
||
District heating |
ℓ |
90,973 |
94,988 |
69,850 |
|||
Fuel |
ℓ |
88,997 |
93,062 |
88,838 |
|||
Gasoline |
MWh |
46,469 |
50,027 |
48,361 |
|||
Greenhouse |
Scope 1(District heating, Fuel, Gasoline) |
tonCO2eq |
3,335 |
3,444 |
3,112 |
All business sites |
|
Scope 2(Electric power) |
tonCO2eq |
21,664 |
23,322 |
22,546 |
|||
Scope 3(Domestic business trips) |
tonCO2eq |
460 |
697 |
458 |
|||
Waste |
Discharge of landfill wastes |
ton |
876 |
1,028 |
1,223 |
||
Discharge of recycling wastes |
ton |
911 |
1,065 |
1,071 |
|||
Water Usage |
㎥ |
388,386 |
379,797 |
401,261 |
|||
Domestic business trips |
㎞ |
2,468,937 |
3,740,961 |
4,485,730 |
|||
Details of the Climate Change Response are disclosed in ‘Integrated Sustainability (Refer to ‘Sustainability Report’ menu)