Hanwha Solutions Corporation, a prominent player in the chemicals nec industry, is headquartered in South Korea (KR) and operates across various regions globally. Founded in 1965, the company has established itself as a leader in sustainable chemical solutions, focusing on innovative materials and eco-friendly products.
With a diverse portfolio that includes advanced materials, solar energy solutions, and specialty chemicals, Hanwha Solutions is committed to enhancing quality of life while prioritising environmental responsibility. The company’s unique approach to integrating cutting-edge technology with sustainable practices has positioned it as a key competitor in the global market.
Notable achievements include significant advancements in solar energy technology and a strong commitment to reducing carbon emissions, reinforcing Hanwha Solutions' reputation as a forward-thinking leader in the chemicals sector.
-3 vs industry average
Hanwha Solutions’s score of 27 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hanwha Solutions's reported carbon emissions
Hanwha Solutions, headquartered in KR and operating within the Chemicals nec industry, has disclosed significant carbon emissions data and ambitious climate commitments.
For the reporting year 2024, the company reported total emissions of approximately 12.86 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling about 378.6 million kg CO2e, Scope 2 emissions of approximately 2.12 billion kg CO2e, and substantial Scope 3 emissions amounting to about 8.74 billion kg CO2e. Within Scope 3, purchased goods and services accounted for the largest portion, at approximately 6.32 billion kg CO2e, followed by investments at approximately 2.01 billion kg CO2e.
In 2023, Hanwha Solutions reported total emissions of approximately 10.75 billion kg CO2e. This included Scope 1 emissions of about 362.2 million kg CO2e, Scope 2 emissions of approximately 2.11 billion kg CO2e, and Scope 3 emissions of around 8.03 billion kg CO2e. Purchased goods and services were the largest contributor to Scope 3 emissions, at approximately 6.08 billion kg CO2e, with investments at approximately 1.66 billion kg CO2e.
The company’s 2050 Net Zero Roadmap outlines a commitment to reduce greenhouse gas (GHG) emissions by 35% compared to 2018 levels by 2030. This target applies to both Scope 1 and Scope 2 emissions. This initiative demonstrates Hanwha Solutions' dedication to climate action and sustainable development within the chemical sector.
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Hanwha Solutions’s Climate Goals (2030 & 2050)
2 goals2030
35% reduction in Scope 1
Hanwha Solutions has established the 2050 Net Zero Roadmap, which aims to reduce GHG emissions by 35% compared to 2018 levels by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Hanwha Solutions
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