Daewoo E And C Sustainability Profile
Daewoo Engineering & Construction Co., Ltd. (commonly known as Daewoo E&C) is a prominent player in the construction and engineering industry, headquartered in South Korea (KR). Founded in 1973, the company has established a strong presence in various operational regions, including Asia, the Middle East, and Africa. Specialising in civil engineering, architecture, and construction management, Daewoo E&C is renowned for its innovative approach and commitment to quality. The company offers a diverse range of services, including infrastructure development, residential projects, and industrial facilities, setting itself apart with advanced technology and sustainable practices. With a solid market position, Daewoo E&C has achieved numerous accolades, reflecting its dedication to excellence and its significant contributions to landmark projects worldwide.
DitchCarbon Score
How does Daewoo E And C'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 Construction Work 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
Daewoo E And C's score of 37 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Daewoo E And C's reported carbon emissions
In 2023, Daewoo Engineering & Construction Co., Ltd. (Daewoo E&C), headquartered in South Korea (KR), reported total carbon emissions of approximately 5.8 billion kg CO2e. This figure includes Scope 1 and 2 emissions totalling about 58,077,000 kg CO2e, while Scope 3 emissions accounted for approximately 5.7 billion kg CO2e, with significant contributions from the use of sold products (about 2.8 billion kg CO2e) and purchased goods and services (approximately 1.7 billion kg CO2e). For the previous year, 2022, Daewoo E&C's total emissions were approximately 4.5 billion kg CO2e, with Scope 1 emissions at about 6,266,000 kg CO2e and Scope 2 emissions at approximately 52,968,000 kg CO2e. The Scope 3 emissions for 2022 were also substantial, reflecting similar patterns in business travel, employee commute, and the use of sold products. Daewoo E&C has set ambitious climate commitments, aiming for a 37% reduction in greenhouse gas (GHG) emissions by 2030 compared to a Business As Usual (BAU) scenario. This target applies to both Scope 1 and Scope 2 emissions, indicating a proactive approach to mitigating their carbon footprint. The emissions data is not cascaded from any parent organization, and the company has not reported any Science-Based Targets Initiative (SBTi) targets. Daewoo E&C's commitment to reducing emissions aligns with industry standards and reflects a growing recognition of the importance of sustainability in construction and engineering sectors.
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| 2010 | 2011 | 2012 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 15,925,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - |
| Scope 2 | 47,521,000 | 00,000,000 | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | 109,200,000 | 00,000,000 | 00,000,000 | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Daewoo E And C's Industry?
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Daewoo E And C's Scope 3 Categories Breakdown
Daewoo E And C's Scope 3 emissions, which increased by 4% last year and increased significantly since 2010, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 61% of Scope 3 emissions.
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Daewoo E And C'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.
Daewoo E And C has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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