Korea Tobacco And Ginseng
Korea Tobacco & Ginseng Corporation (KT&G), headquartered in South Korea, is a leading player in the tobacco and ginseng industries. Established in 1899, the company has evolved significantly, marking key milestones such as its expansion into international markets and diversification of product lines. KT&G operates primarily in the production and distribution of tobacco products, including cigarettes and heated tobacco, alongside its renowned ginseng products. The company is distinguished by its commitment to quality and innovation, utilising advanced technology in its manufacturing processes. With a strong market position, KT&G is recognised for its substantial contributions to the South Korean economy and its efforts in sustainable practices. The company continues to thrive, maintaining a competitive edge through its unique offerings and strategic global partnerships.
DitchCarbon Score
How does Korea Tobacco And Ginseng'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 Tobacco Products 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
Korea Tobacco And Ginseng's score of 71 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Korea Tobacco And Ginseng's reported carbon emissions
In 2023, Korea Tobacco and Ginseng (KT&G) reported total greenhouse gas emissions of approximately 701,909,000 kg CO2e. This figure includes 72,087,000 kg CO2e from Scope 1 emissions, 113,585,000 kg CO2e from Scope 2 emissions, and a significant 516,237,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions encompass various categories, with the largest contributions from purchased goods and services (224,444,000 kg CO2e) and capital goods (103,537,000 kg CO2e). KT&G has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 42% by FY2030 from a FY2020 baseline. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions from purchased goods and services, fuel and energy-related activities, and the use of sold products by FY2030, using FY2022 as the base year. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions by FY2045, as well as a 90% reduction in Scope 3 emissions by the same year. Furthermore, KT&G has committed to achieving net-zero greenhouse gas emissions across its entire value chain by FY2045. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the tobacco industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 36,372,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 78,436,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 85,199,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Korea Tobacco And Ginseng 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.
