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 25 is higher than 52% 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 7,486,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 7,446,486,000 kg CO2e. The breakdown of emissions includes 21,389,000 kg CO2e from Scope 1 and 47,359,000 kg CO2e from Scope 2. The combined total for Scope 1 and Scope 2 emissions was approximately 68,748,000 kg CO2e. In 2022, Hanwha's emissions were lower, totalling about 4,236,881,000 kg CO2e in Scope 3, with Scope 1 and Scope 2 emissions at approximately 64,263,000 kg CO2e. The company has shown a slight increase in Scope 1 emissions from 20,368,000 kg CO2e in 2022 to 21,389,000 kg CO2e in 2023, while Scope 2 emissions rose from 43,895,000 kg CO2e to 47,359,000 kg CO2e in the same period. Despite these figures, Hanwha has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any formal climate pledges. The absence of defined reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, Hanwha's emissions data highlights the significant impact of Scope 3 emissions, which predominantly arise from the use of sold products and purchased goods and services.
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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.
