Kolon Industries

Kolon Industries, a Chemicals company headquartered in South Korea, reported its Scope 1 and 2 greenhouse gas emissions for 2023. Scope 1 emissions were 116,962,000 kg CO2e, and Scope 2 emissions were 539,412,000 kg CO2e. This brings their combined Scope 1 and 2 emissions to 656,560,000 kg CO2e. For 2022, Scope 1 emissions were 140,694,000 kg CO2e and Scope 2 emissions were 577,452,000 kg CO2e, totalling 718,329,000 kg CO2e. In 2021, the company's Scope 1 emissions were 148,358,000 kg CO2e and Scope 2 emissions were 534,268,000 kg CO2e, resulting in 682,857,000 kg CO2e. For 2020, Scope 1 emissions were 130,005,000 kg CO2e and Scope 2 emissions were 480,920,000 kg CO2e, combining for a total of 610,917,000 kg CO2e. Data for Scope 3 emissions is not available for these reporting years.

Kolon Industries has established a carbon-neutral roadmap with a goal of achieving Net Zero by 2040. The company has also set Science Based Targets initiative (SBTi) approved targets. These include a commitment to reduce absolute Scope 1 and 2 GHG emissions by 54.6% by 2033 from a 2022 base year. Additionally, Kolon Industries aims to reduce absolute Scope 3 GHG emissions by 32.5% within the same timeframe. For the long term, the company commits to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2022 base year, aligning with its overall Net Zero target for 2050. The company is also aiming for a 20% reduction in Scope 1 and 2 greenhouse gas emissions by 2026, from a 2023 base year, by enhancing energy efficiency and exploring renewable energy options.