Hanwha Sustainability Profile
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 753,743,000 kg CO2e for Scope 2, resulting in a combined total of about 4,679,895,000 kg CO2e for both scopes. In 2023, the company reported similar figures, with Scope 1 emissions at approximately 3,786,004,000 kg CO2e and Scope 2 emissions at about 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 2024 or 2023, indicating a focus on direct and indirect emissions from their operations. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for further commitment in this area. Overall, Hanwha's emissions data reflects significant operational outputs, with a clear opportunity for enhanced climate action and transparency in their sustainability efforts.
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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 |
How Carbon Intensive is Hanwha's Industry?
How Carbon Intensive is Hanwha's Location?
Hanwha's Scope 3 Categories Breakdown
Hanwha's Scope 3 emissions, which increased by 76% last year and increased by approximately 90% since 2021, 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 "Use of Sold Products" being the largest emissions source at 44% of Scope 3 emissions.
Top Scope 3 Categories
Hanwha'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.
Hanwha 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.
