Kakao
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Kakao's score of 52 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kakao's reported carbon emissions
In 2023, Kakao reported total carbon emissions of approximately 60,238,000 kg CO2e across all scopes. This includes 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. Notably, the Scope 3 emissions breakdown reveals significant contributions from capital goods (14,766,000 kg CO2e) and fuel and energy-related activities (4,237,000 kg CO2e). Comparatively, in 2022, Kakao's emissions were approximately 70,517,000 kg CO2e, with Scope 1 emissions at 248,000 kg CO2e and Scope 2 emissions at 67,143,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023, reflecting a commitment to improving their environmental impact. Kakao has not set specific near-term or long-term reduction targets, as indicated by the removal of previous commitments. However, they remain committed to ongoing climate initiatives, although they have not established a net-zero target. The company is actively involved in various sustainability initiatives, including participation in the Science Based Targets initiative (SBTi) and other corporate responsibility frameworks. Overall, Kakao's emissions data and climate commitments highlight a focus on transparency and a gradual approach to reducing their carbon footprint, with a significant emphasis on Scope 2 emissions, which are primarily linked to energy consumption.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 287,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 64,478,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 185,000 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Kakao is participating in some 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.
