Hanwha Solutions
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 27 is higher than 57% 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 2023, Hanwha Solutions reported total carbon emissions of approximately 2,478,253,000 kg CO2e. This figure includes Scope 1 emissions of about 357,587,000 kg CO2e, Scope 2 emissions of approximately 2,120,666,000 kg CO2e, and significant Scope 3 emissions totalling around 6,789,036,000 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (approximately 4,836,043,000 kg CO2e) and investments (about 1,662,031,000 kg CO2e). The company has set ambitious climate commitments through its 2050 Net Zero Roadmap, aiming for a 35% reduction in greenhouse gas emissions by 2030 compared to 2018 levels. This target applies to both Scope 1 and Scope 2 emissions, reflecting a proactive approach to mitigating climate impact. Over the past few years, Hanwha Solutions has shown fluctuations in emissions, with a total of approximately 2,435,021,000 kg CO2e in 2022 and about 2,478,650,000 kg CO2e in 2021. The company is actively working towards its reduction goals while maintaining transparency in its emissions reporting, which is not cascaded from any parent organization. Overall, Hanwha Solutions is committed to addressing its carbon footprint and contributing to global climate efforts through its established reduction targets and ongoing sustainability initiatives.
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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 |
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 Solutions 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.
