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 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 emissions of approximately 3,786,004,000 kg CO2e for Scope 1 and about 785,097,000 kg CO2e for Scope 2 in South Korea, leading to a total of around 4,571,101,000 kg CO2e for these scopes. Globally, in 2023, Hanwha's emissions included approximately 21,389,000 kg CO2e for Scope 1, 47,359,000 kg CO2e for Scope 2, and a significant 7,446,486,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions encompass various categories, with the largest contributions from the use of sold products (about 3,309,699,000 kg CO2e) and purchased goods and services (approximately 2,930,820,000 kg CO2e). Despite the substantial emissions figures, Hanwha has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of SBTi reduction targets or documented climate pledges. The company’s emissions data is not cascaded from a parent organisation, and all figures are reported directly from Hanwha Group. Overall, Hanwha's emissions reflect a significant environmental footprint, with ongoing opportunities for improvement in carbon management and sustainability practices.
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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.
