Environment Management System

SFMI has established environment management system and guidelines.

Environment Management Strategy

Environment Management Strategy

Serving as Social Safety Net Minimization of Environmental Impact
by Company Management
Provision of environment-conscious insurance products and services & expansion of socially responsible investment Operation of Environment· Energy Management System
Investigation into climate change risk factors and prevention activities Expansion of Environment Management Activities with Business Partners

Environment Management Organization

  • CEO
  • Board of
    Directors
    • ESG Secretariat: Directs climate change response
      RM Planning Dept: Climate risk management
    • Global Loss Control Center
      Investigation and Research on Climate Change Risks

Environment·Energy Management Guidelines

  • 1. SFMI operates a company–wide environment / energy management system to boost corporate value in the environmental and social fields.
  • 2. SFMI willingly complies with international conventions and national, regional environment /energy laws and regulations, and seeks to continually improve its environment / energy management level through the process of due diligence by internal staff and expert groups.
  • 3. SFMI voluntarily participates in activities to improve environment / energy matters such as reduction of energy use, mitigation of greenhouse gas emissions, and saving and recycling of resources as part of its effort to minimize environmental impact throughout the entire business process from insurance product development, distribution, and sales to claims management.
  • 4. SFMI conducts R&D on environment / energy–related insurance products and, research on risk management, and asset management activities so as to contribute to realizing a sustainable society.
  • 5. SFMI periodically evaluates performances in the field of environment / energy and transparently discloses the results to internal and external stakeholders.
  • 6. SFMI extends robust cooperation to the environment / energy activities of stakeholders such as customers, shareholders, business partners and customers for mutual development.
  • 7. As part of corporate social responsibility, SFMI conducts activities to improve environment/energy in cooperation with local communities.

Climate Change Risk Management

SFMI Global Loss Control Center (GLCC) supports customers and local communities in climate change risk management through various research and development efforts on climate change. In October 2013, GLCC published “Carbon Management” booklet which emphasizes the importance of effective carbon management system for companies to tackle climate change risks, and more recently, it has conducted research and investigation into massive environment pollution risks in association with the Ministry of Environment, Korea Environmental Industry & Technology Institute, and Korea Insurance Development Institute.

Samsung Fire & Marine Insurance

Five Action Plans on Carbon Management for Sustainable Growth Proposed by GLCC

  1. 1. Evaluate the operating risks and business impact of climate change.
  2. 2. Identify new growth opportunities through carbon management.
  3. 3. Define and implement strategic projects on carbon management.
  4. 4. Create a low-carbon culture within the organization.
  5. 5. Secure communication channels wuth the government and actively participate in policy development.
See Carbon Management Booklet