ESG Management System
Under the company-wide future vision of “Hub of Expedition, Strive for Excellence” SFMI promotes sustainability management at the company level. Based on the company’s direction for sustainable value creation, we will lead to Practice of environmental management through climate change response, Realization of social value through finance. And also we’ll strengthen our competitive edge in sustainability by Securing customer trust through the proliferation of transparent corporate governance, establishment of a global ESG management system.
- Futurama-Hub of Expedition, Strive for Excellence
- Vision-Be the Future, Beyond Insurance
- Mission-Dedicated to the better future of customers, committed to achieving shared growth with employees, contributing to the development of society and humanity
- Strategy Direction-Business Aspects
- Lead the Market
- Connect with Customers
- Go Global
- Strategy Direction-Social Value Aspects
- Practice of environmental management through climate change response
- Realization of social value through finance
- Securing customer trust through the proliferation of transparent corporate governance
- Establishment of a global ESG management system
- employees Core Values F.1.T
- Fast Forward-Allow Bold Attempts and Failures
- 1 Team-One Samsung Fire&Marine Insurance without Silos
- Tren-Dynamics-Young, Trendy and Dynamic Organization Culture
Company-Wide Direction of ESG Management
SFMI Identified major tasks focusing on four areas aimed at achieving sustainable growth and mid-to long-term value creation.
: Response to climate change, practicing win-win management, establishing a transparent governance structure, and advancing the global ESG management system.
- Environment-Practice of environmental management through climate change response
- Realization of environmental value through carbon-neutral portfolio
- Expansion of the provision of climate change-linked financial products
- Achievement of 2050 Net Zero goal
- Society-Realization of social value through finance
- Dissemination of organizational culture of growth with employees
- Practice of customer-centered financial inclusion
- Responding to changes in societal population structure
- Governance-Securing customer trust through the proliferation of transparent corporate governance
- Full implementation of BOD-centered corporate governance
- Continuous improvement of shareholder value
- Practice of ethical and compliance management
- Advancement of enterprise risk management system
- Management System-Establishment of a global ESG management system
- Preemptive response to ESG information disclosure regulation
- Internalization of ESG management
ESG Management Organization
- Samsung Fire & Marine Insurance has established and is operating a broad decision-making system that encompasses all positions and departments, including the board of directors, management, and working-level staff, and is improving performance by holding regular council meetings, discussing related agendas, and identifying and responding to areas for improvement.
- Furthermore, continuity in promoting ESG management is being strengthened by establishing tasks based on mid- to long-term improvement areas and continuously carrying out related activities.
| ESG Committee | Highest decision-making body for ESG management |
|---|---|
| Sustainability Management Committee | Executive-level council |
| ESG Working Group | Working-level group for sustainability-advancing activities |
| ESG Secretariat | A dedicated team for sustainability-related activities and performance monitoring |
The ESG Committee
The ESG Committee serves to make management decisions that consider macro-level ESG trends and issues as well as sustainable value creation from a mid- to long-term perspective.
The Sustainability Management Committee
The Sustainable Management Committee, which consists of seven executives, discusses ESG management status and performance by company and department, major ESG trends inside and outside the company, and future directions.
The ESG Working Group
The ESG Working Group Composed of heads of major departments and staff in charge of each ESG area, Performs tasks and manages goals to promote ESG management by business sector.
The ESG Secretariat
The ESG Secretariat serves as dedicated department for ESG activities at the working level. and also Integrates management of goals and strategic tasks assigned to each department and their performance in response to related regulations.