Knoc
Knoc, officially known as Korea National Oil Corporation, is a prominent player in the energy sector, headquartered in South Korea (KR). Established in 1979, the company has significantly contributed to the nation's energy security and resource development, with a focus on oil and gas exploration, production, and refining. With operations extending across various regions, Knoc has made notable strides in enhancing its market position through strategic partnerships and investments in renewable energy. The company’s core offerings include upstream oil and gas services, which are distinguished by their commitment to sustainability and innovation. Recognised for its pivotal role in the energy landscape, Knoc continues to evolve, aiming to balance traditional energy needs with the growing demand for cleaner alternatives.
DitchCarbon Score
How does Knoc'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 Gas/Diesel Oil 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
Knoc's score of 15 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Knoc's reported carbon emissions
In 2023, KNOC reported total carbon emissions of approximately 6,537,000 kg CO2e, with Scope 1 emissions at about 553,000 kg CO2e and Scope 2 emissions at approximately 5,984,000 kg CO2e. This marks a reduction from 2022, where total emissions were about 7,067,000 kg CO2e, with Scope 1 at 605,000 kg CO2e and Scope 2 at 6,462,000 kg CO2e. In 2021, emissions were slightly higher at approximately 7,228,000 kg CO2e, with Scope 1 and Scope 2 emissions of about 589,000 kg CO2e and 6,639,000 kg CO2e, respectively. KNOC has set long-term carbon neutrality commitments, aiming for net-zero emissions by 2050. This commitment encompasses both Scope 1 and Scope 2 emissions, with strategies focused on continuous climate change countermeasures initiated in 2023. The company is actively working towards these targets, demonstrating a proactive approach to reducing its carbon footprint. The emissions data is not cascaded from any parent organization, and all figures are independently reported by KNOC. The company is also engaged with the Korea National Oil Corporation for performance tracking, ensuring accountability in its climate initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 612,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,798,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
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.
Knoc 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.
