Overview

At Korean Re, we are committed to providing reinsurance services of the highest possible standards, with a focus on sound environmental, social, and governance (ESG) practices. Our commitment to ESG is based on the values of promoting transparency in corporate governance, protecting the environment, and being a socially responsible member of the communities we work and live in.

Upholding these values is not only the right thing to do but also helps us ensure sustainable business operations. Our success as a reinsurer will be driven not just by how well our business is operated commercially, but by how actively we participate in climate crisis response initiatives and support the communities in which we operate as well.

█ Sustainability Decision-Making Bodies

ESG Committee

The ESG Committee formulates the foundational policies and mid- to long-term goals for sustainable management. By continuously monitoring implementation outcomes and addressing areas for improvement, the committee plays a pivotal role in ensuring Korean Re’s fulfillment of its environmental and social responsibilities and in establishing transparent governance.

Comprised of two external directors with expertise in insurance and finance, the committee is structured to effectively carry out its mandate and actively seeks advice from external experts as needed.

As the cornerstone of Korean Re’s ESG governance, the ESG Committee identifies key sustainability issues, assesses associated risks and opportunities, and develops appropriate response strategies.

 

ESG Management Committee

The ESG Management Committee, comprising all managing directors, serves as a consultative body for the ESG Committee’s resolutions and reporting matters.

It reviews the ESG Committee’s deliberations and coordinates the detailed strategies, goals, and initiatives for sustainable management. By promoting alignment across operational functions, the committee helps ensure the consistent execution of the company’s sustainability strategies and reinforces enterprise-wide implementation.

ESG Function

The Strategic Planning Office identifies core issues related to sustainable management and develops company-wide ESG policies and strategies. It also sets phased goals—short-, mid-, and long-term—and detailed implementation plans, which are then submitted to the ESG Committee and ESG Management Committee for deliberation and approval.

At the same time, the Strategic Planning Office regularly shares updates on the company’s ESG activities, performance, and plans with all employees, while also running ESG training programs to enhance employees’ competencies and support their informed, responsible decision-making.

Korean Re achieved an ESG integrated rating of A (Outstanding) in a 2025 ESG evaluation conducted by the Korean Institute of Corporate Governance and Sustainability (KCGS), maintaining this rating for the third year in a row.

█ Korean Re’s ESG Ratings from KCGS