Hanwha Corporation, a prominent player in the chemicals nec industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1952, Hanwha has evolved into a diversified conglomerate, with significant milestones that underscore its growth and innovation in the chemical sector.
The company specialises in a range of core products, including advanced materials, specialty chemicals, and eco-friendly solutions, which distinguish it in a competitive market. Hanwha's commitment to sustainability and technological advancement has positioned it as a leader in the industry, earning recognition for its innovative approaches and high-quality offerings. With a strong market presence, Hanwha continues to drive progress in the chemicals sector, contributing to various industries worldwide.
-17 vs industry average
Hanwha’s score of 12 is lower than 21% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hanwha's reported carbon emissions
Hanwha, a chemicals company headquartered in South Korea (KR), has reported its carbon emissions for recent years. In 2023, the company's total reported emissions, encompassing Scope 1, 2, and 3, were approximately 7.52 billion kg CO2e. This figure breaks down into approximately 21.4 million kg CO2e for Scope 1, approximately 47.4 million kg CO2e for Scope 2, and a substantial approximately 7.45 billion kg CO2e for Scope 3.
The previous year, 2022, saw total emissions of approximately 4.32 billion kg CO2e, comprising approximately 20.4 million kg CO2e for Scope 1, approximately 43.9 million kg CO2e for Scope 2, and approximately 4.24 billion kg CO2e for Scope 3. In 2021, Hanwha's total emissions were approximately 3.98 billion kg CO2e, with Scope 1 emissions at approximately 24.6 million kg CO2e, Scope 2 at approximately 40.3 million kg CO2e, and Scope 3 at approximately 3.91 billion kg CO2e. For 2020, reported emissions covered Scope 1 and 2, totalling approximately 60.9 million kg CO2e, with Scope 1 at approximately 15.7 million kg CO2e and Scope 2 at approximately 45.1 million kg CO2e. Scope 3 data was not disclosed for 2020.
Hanwha's climate commitments are noted as being cascaded from the Hanwha Group. The provided data does not indicate any specific SBTi reduction targets or participation in climate initiatives like the Climate Pledge. Further details on specific reduction strategies and targets would be available in their sustainability reports.
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Hanwha’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Hanwha yet.
Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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