Hanwha Solutions Sustainability Profile
Hanwha Solutions Corporation, a prominent player in the global energy and materials sector, is headquartered in South Korea (KR). Founded in 2018, the company has rapidly established itself as a leader in solar energy solutions, advanced materials, and chemical products. With a strong presence in Asia, Europe, and North America, Hanwha Solutions is committed to sustainability and innovation. The company’s core offerings include high-efficiency solar modules, eco-friendly materials, and cutting-edge chemical solutions, all designed to meet the evolving needs of its customers. Hanwha Solutions is recognised for its commitment to quality and technological advancement, positioning itself as a key contributor to the renewable energy landscape. Notable achievements include significant investments in solar technology and a robust portfolio that underscores its market leadership.
DitchCarbon Score
How does Hanwha Solutions'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 Solutions's score of 30 is higher than 55% 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 Solutions's reported carbon emissions
In 2024, Hanwha Solutions, headquartered in South Korea (KR), reported total carbon emissions of approximately 3,926,152,000 kg CO2e for Scope 1 and 753,743,000 kg CO2e for Scope 2, resulting in combined emissions of about 4,679,895,000 kg CO2e. This marks a slight increase from 2023, where emissions were approximately 3,786,004,000 kg CO2e for Scope 1 and 785,097,000 kg CO2e for Scope 2, totalling around 4,571,101,000 kg CO2e. The company has set ambitious climate commitments through its 2050 Net Zero Roadmap, aiming for a 35% reduction in greenhouse gas (GHG) emissions compared to 2018 levels by 2030. This target applies to both Scope 1 and Scope 2 emissions, reflecting a proactive approach to climate action. Hanwha Solutions has not disclosed any Scope 3 emissions data for the years reported, indicating a potential area for future transparency and improvement. The emissions data is sourced directly from Hanwha Solutions Corporation, with no cascading from a parent or related organization. Overall, Hanwha Solutions is actively working towards significant emissions reductions while maintaining transparency in its reporting practices.
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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 Solutions's Scope 3 Categories Breakdown
Hanwha Solutions'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.
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Hanwha Solutions'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 Solutions 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.
