Korea Tobacco And Ginseng

KT&G Corporation, headquartered in South Korea, reported total gross carbon emissions of approximately 962.9 million kg CO2e in 2024. This figure includes Scope 1 emissions of about 68.3 million kg CO2e, Scope 2 emissions (market-based) of around 114.1 million kg CO2e, and Scope 3 emissions of approximately 780.5 million kg CO2e. In 2023, their total gross emissions were about 701.9 million kg CO2e, comprising Scope 1 emissions of roughly 72.1 million kg CO2e, Scope 2 emissions (market-based) of around 113.6 million kg CO2e, and Scope 3 emissions of approximately 516.2 million kg CO2e.

KT&G Corporation has set Science Based Targets initiative (SBTi) validated targets, committing to net-zero greenhouse gas emissions across its value chain by FY2045. As part of its near-term goals, the company aims to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2020 base year. Additionally, it commits to a 25% reduction in absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, and use of sold products by FY2030, using a FY2022 base year. For its long-term targets, KT&G Corporation aims to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2045 from a FY2020 base year, and absolute Scope 3 GHG emissions by 90% by FY2045 from a FY2022 base year. The target boundary includes land-related emissions and removals from bioenergy feedstocks.