Hanwha Q CELLS Co., Ltd. Sustainability Profile
Hanwha Q CELLS Co., Ltd., a leading player in the solar energy sector, is headquartered in South Korea (KR) and operates extensively across Europe, North America, and Asia. Founded in 1999, the company has achieved significant milestones, including becoming one of the largest solar cell manufacturers globally. Specialising in high-efficiency photovoltaic (PV) cells and modules, Hanwha Q CELLS is renowned for its innovative Q.ANTUM technology, which enhances energy yield and performance. The company’s commitment to quality and sustainability has solidified its market position, earning numerous accolades for its products and environmental initiatives. With a strong focus on research and development, Hanwha Q CELLS continues to lead the way in advancing solar technology and promoting renewable energy solutions worldwide.
DitchCarbon Score
How does Hanwha Q CELLS Co., Ltd.'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 Communication Equipment Manufacturing 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 Q CELLS Co., Ltd.'s score of 33 is higher than 61% 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 Q CELLS Co., Ltd., headquartered in South Korea (KR), currently does not report specific carbon emissions data, as no emissions figures are available. The company is part of a corporate family that includes Hanwha Solutions Corporation, which may influence its climate commitments and performance metrics. Despite the absence of direct emissions data, Hanwha Q CELLS is engaged in various climate initiatives. However, there are no documented reduction targets or specific commitments to the Science Based Targets initiative (SBTi) or other climate pledges at this time. The company's climate strategy may be informed by broader industry standards and practices, but specific details on their initiatives or targets are not provided. As a merged entity, Hanwha Q CELLS may inherit sustainability practices and performance metrics from its parent company, Hanwha Solutions Corporation, which could play a role in shaping its future climate commitments. Overall, while the company is positioned within the renewable energy sector, further information on its carbon emissions and reduction strategies is needed to assess its environmental impact comprehensively.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Hanwha Q CELLS Co., Ltd.'s Scope 3 Categories Breakdown
Hanwha Q CELLS Co., Ltd.'s Scope 3 emissions, which increased by 1% last year and increased by approximately 52% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 73% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 71% of Scope 3 emissions.
Top Scope 3 Categories
Hanwha Q CELLS Co., Ltd.'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 Q CELLS Co., Ltd. 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.
