Korea Zinc Sustainability Profile
Korea Zinc Co., Ltd., a leading player in the non-ferrous metal industry, is headquartered in the vibrant city of Ulsan, South Korea. Founded in 1974, the company has established itself as a global leader in zinc production, with significant operations across Asia, including facilities in Australia and the Philippines. Korea Zinc is renowned for its high-quality zinc products, which are essential in various applications, from galvanisation to battery manufacturing. The company’s commitment to innovation and sustainability sets it apart, as it continually invests in advanced technologies to enhance production efficiency and reduce environmental impact. With a strong market position, Korea Zinc has achieved notable milestones, including being one of the largest zinc producers worldwide. Its dedication to quality and sustainability has earned it a reputation as a trusted supplier in the global market.
DitchCarbon Score
How does Korea Zinc'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 Electrical Machinery Manufacturing 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 Zinc's score of 49 is higher than 67% 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 Zinc's reported carbon emissions
In 2023, Korea Zinc reported significant carbon emissions, totalling approximately 2,574,427,000 kg CO2e for Scope 1, 703,539,000 kg CO2e for Scope 2, and 4,693,476,000 kg CO2e for Scope 3 emissions globally. The combined total for Scope 1 and 2 emissions reached about 3,277,964,000 kg CO2e. The company has disclosed emissions data for all three scopes, indicating a comprehensive approach to carbon accounting. Notably, there are no specific reduction targets or initiatives outlined in their current commitments, as indicated by the absence of SBTi reduction targets or documented climate pledges. Korea Zinc's emissions data reflects a commitment to transparency, with detailed disclosures available for upstream and downstream categories. The company continues to engage in industry-standard practices for climate reporting, although it has not yet established formal reduction targets. Overall, Korea Zinc's emissions profile highlights the need for ongoing efforts in carbon management and climate action within the zinc production sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,215,366,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,629,583,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Korea Zinc's Industry?
How Carbon Intensive is Korea Zinc's Location?
Korea Zinc's Scope 3 Categories Breakdown
Korea Zinc's Scope 3 emissions, which decreased by 3% last year and decreased by approximately 1% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 52% of Scope 3 emissions.
Top Scope 3 Categories
Korea Zinc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Korea Zinc has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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