Hanwha
Hanwha Corporation, a leading South Korean conglomerate, is headquartered in Seoul, South Korea (KR). Founded in 1952, Hanwha has evolved into a prominent player across various industries, including defence, energy, and construction. The company is renowned for its innovative solutions in solar energy, aerospace, and chemical manufacturing, setting it apart with a commitment to sustainability and technological advancement. With a strong presence in Asia, North America, and Europe, Hanwha has achieved significant milestones, such as becoming one of the world's largest solar energy providers. Its core products, including advanced solar panels and defence systems, are distinguished by their quality and cutting-edge technology. Hanwha's market position is bolstered by its dedication to research and development, making it a trusted name in the global marketplace.
DitchCarbon Score
How does Hanwha'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
Hanwha's score of 20 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hanwha's reported carbon emissions
In 2023, Hanwha reported total carbon emissions of approximately 7,446,486,000 kg CO2e, with emissions distributed across various scopes: 21,389,000 kg CO2e (Scope 1), 47,359,000 kg CO2e (Scope 2), and a significant 7,446,600,000 kg CO2e (Scope 3). The combined emissions from Scope 1 and Scope 2 amounted to about 68,748,000 kg CO2e. In 2022, Hanwha's emissions were slightly lower, totalling around 4,236,881,000 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions at 64,263,000 kg CO2e. The previous year, 2021, saw total emissions of approximately 3,912,742,000 kg CO2e for Scope 3, with Scope 1 and Scope 2 emissions reaching about 64,822,000 kg CO2e. Despite these figures, Hanwha has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company operates under the broader climate context of the Hanwha Group, which may influence its sustainability strategies. Overall, Hanwha's emissions data reflects a substantial carbon footprint, particularly in Scope 3 emissions, which are critical for understanding the full impact of its operations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,749,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 45,102,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hanwha is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
