Amorepacific Corporation Sustainability Profile
Amorepacific Corporation, a leading name in the beauty and skincare industry, is headquartered in South Korea (KR) and operates extensively across Asia and beyond. Founded in 1945, the company has established itself as a pioneer in innovative beauty solutions, focusing on skincare, cosmetics, and personal care products. Renowned for its commitment to research and development, Amorepacific offers a diverse range of products, including its popular brands such as Sulwhasoo and Laneige, which are celebrated for their unique formulations that blend traditional Asian ingredients with modern technology. With a strong market position, Amorepacific has achieved numerous accolades, solidifying its reputation as a global leader in the beauty sector. The company continues to push boundaries, setting trends and redefining beauty standards worldwide.
DitchCarbon Score
How does Amorepacific Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Amorepacific Corporation's score of 44 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Amorepacific Corporation's reported carbon emissions
In 2022, Amorepacific Corporation reported total greenhouse gas emissions of approximately 28,675,000 kg CO2e. This figure includes 970,000 kg CO2e from Scope 1 emissions and 18,748,000 kg CO2e from Scope 3 emissions, with no reported Scope 2 emissions. The company's emissions have significantly decreased from 87,627,000 kg CO2e in 2017, indicating a positive trend in their carbon management efforts. Amorepacific has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2050. This long-term target is complemented by near-term goals, including a 48.9% reduction in absolute Scope 1 emissions by 2030 from a 2020 baseline, and a 90% reduction in absolute Scope 1 and 2 emissions by 2050. Additionally, the company plans to increase its sourcing of renewable electricity from 3.4% in 2020 to 100% by 2025. For Scope 3 emissions, Amorepacific commits to a 25% reduction by 2030 and a 90% reduction by 2050, specifically targeting emissions from purchased goods and services as well as the end-of-life treatment of sold products. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the consumer durables sector.
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| 2015 | 2016 | 2017 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 29,644,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 2 | 54,537,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | - | 0,000,000 | 0,000,000 | 00,000,000 |
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Amorepacific Corporation's Scope 3 Categories Breakdown
Amorepacific Corporation's Scope 3 emissions, which increased by 431% last year and increased by approximately 460% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 13% of Scope 3 emissions.
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Amorepacific Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Amorepacific Corporation has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
