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 64% 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 2024, Hanwha's carbon emissions in South Korea totalled approximately 3,926,152,000 kg CO2e for Scope 1 and about 753,743,000 kg CO2e for Scope 2, resulting in a combined total of around 4,679,895,000 kg CO2e for both scopes. In 2023, the company reported similar figures, with Scope 1 emissions at about 3,786,004,000 kg CO2e and Scope 2 emissions at approximately 785,097,000 kg CO2e, leading to a total of around 4,571,101,000 kg CO2e. Hanwha has not disclosed any Scope 3 emissions data for its operations in South Korea. However, on a global scale, in 2023, the company reported Scope 3 emissions of approximately 7,446,486,000 kg CO2e, indicating significant upstream and downstream impacts. Despite the substantial emissions figures, Hanwha has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, Hanwha's emissions data reflects a considerable carbon footprint, particularly in Scope 1 and 2 emissions, highlighting the importance of future climate strategies and commitments to mitigate their environmental impact.
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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.
