Samsung Fire & Marine Insurance Included in Dow Jones Sustainability World Index

On December 19th, Samsung Fire & Marine Insurance was recognized for its outstanding commitment to sustainability. The company was added to the prestigious World Index of the 2024 Dow Jones Sustainability Indices (DJSI), which is a major achievement. The DJSI evaluates over 2,500 companies worldwide, measuring their performance not only based on financial success but also on their efforts towards sustainability. Being listed in the World Index means that Samsung Fire & Marine Insurance is among the top 10% of companies globally, making this an incredible recognition for the company.

What Is the DJSI and Why Is It Important?

The Dow Jones Sustainability Indices (DJSI) are a global benchmark that helps investors and companies understand how businesses are performing in terms of sustainability. Every year, the DJSI evaluates thousands of companies from different industries, looking at their efforts to reduce environmental harm, improve social conditions, and ensure strong governance practices. Companies that make it into the World Index are those that have excelled in all these areas, ranking them in the top 10% of all businesses considered.

For Samsung Fire & Marine Insurance, being selected for the DJSI World Index is a huge accomplishment. This recognition highlights how the company is embedding Environmental, Social, and Governance (ESG) principles into its daily operations. It is the only Korean insurance company to achieve this recognition in 2024, setting a standard for other companies in the sector. This milestone not only boosts the company’s reputation but also builds trust with customers and stakeholders who value sustainability in their business decisions.

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How DJSI Recognition Helps Samsung Fire & Marine Insurance

Being part of the DJSI World Index helps Samsung Fire & Marine Insurance in multiple ways. The recognition shows the company’s strong focus on sustainability, which can attract investors who want to support businesses that care about the planet and society. Many investors are looking for companies that align with their values, and this recognition from the DJSI will help Samsung Fire & Marine Insurance attract more investments and partnerships. This can result in long-term growth and more opportunities for the company, as it is seen as a leader in sustainable practices in the insurance industry.

Samsung’s Strong Commitment to ESG Efforts

Samsung Fire & Marine Insurance has made impressive strides in its efforts to promote sustainability. In terms of the environment, the company has been actively increasing its eco-friendly investments. It has also begun to release reports on its impact on biodiversity, which is an important step in fighting climate change. These actions show the company’s responsibility toward the environment and its proactive approach to sustainability.

On the social side, Samsung Fire & Marine Insurance is also making a difference. The company opened the ‘Quality of Life Research Center for Cancer Patients’ in collaboration with Samsung Medical Center. This center is focused on improving financial support and providing resources for cancer patients, showcasing the company’s commitment to social responsibility. As a result of these efforts, Samsung Fire & Marine Insurance has been ranked first in the National Customer Satisfaction Index (NCSI) for non-life insurance for 24 years in a row.

When it comes to governance, the company ensures transparency in its decision-making. It has focused on strengthening its corporate governance by establishing a board-centered structure. This helps to make the company’s operations more accountable and trustworthy. Samsung Fire & Marine Insurance is also working on improving its management systems through continuous changes to its structure. An official from the company stated, “Being included in the DJSI World Index signifies global recognition of our company’s sustainable management.” This recognition will continue to guide the company’s efforts to create value for society and the environment.