Kakao Corporation, commonly referred to as Kakao, is a leading South Korean technology company headquartered in Jeju, South Korea. Founded in 2010, Kakao has rapidly evolved within the digital landscape, primarily focusing on mobile messaging, social networking, and various online services. The company is renowned for its flagship product, KakaoTalk, a widely used messaging app that integrates diverse functionalities, including payment services and gaming. Kakao's unique ecosystem also encompasses Kakao Games, Kakao Pay, and Kakao Music, positioning it as a significant player in the South Korean tech industry. With a strong market presence and a commitment to innovation, Kakao has achieved notable milestones, including strategic partnerships and expansions into international markets, solidifying its reputation as a pioneer in the digital communication and entertainment sectors.
How does Kakao'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.
Mean score of companies in the Recreation and Sports Services 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.
Kakao's score of 41 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Kakao reported total carbon emissions of approximately 60,238,000 kg CO2e, comprising 358,000 kg CO2e from Scope 1, 53,426,000 kg CO2e from Scope 2, and 60,238,000 kg CO2e from Scope 3 emissions. This reflects a significant increase from previous years, with total emissions rising from about 137,908,000 kg CO2e in 2022 and 154,713,000 kg CO2e in 2021. Kakao's emissions profile shows a consistent reliance on Scope 2 emissions, which accounted for the majority of their total emissions in recent years. The company has not committed to a net-zero target as of now, and their near-term reduction targets have been removed, indicating a lack of formalised short-term climate commitments. Despite these challenges, Kakao continues to engage in sustainability efforts within the software and services sector in South Korea. The company has disclosed its emissions data across all three scopes, demonstrating transparency in its environmental impact reporting. However, the absence of specific reduction targets or commitments raises questions about its long-term climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|
Scope 1 | 220,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 3,413,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 82,000 | 000,000 | 000,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Kakao is committed to some reduction initiatives 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.