Kumho Chemicals, Inc. Sustainability Profile
Kumho Chemicals, Inc., a prominent player in the chemical industry, is headquartered in South Korea (KR) and operates extensively across Asia and beyond. Founded in 1960, the company has established itself as a leader in the production of high-performance materials, including synthetic rubber, specialty chemicals, and advanced polymer products. Kumho Chemicals is renowned for its innovative approach, particularly in the development of eco-friendly solutions that cater to diverse industries such as automotive, construction, and electronics. With a commitment to sustainability and quality, the company has achieved significant milestones, positioning itself as a trusted supplier in the global market. Its dedication to research and development ensures that Kumho Chemicals remains at the forefront of industry advancements, making it a key player in the chemical sector.
DitchCarbon Score
How does Kumho Chemicals, Inc.'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 Chemicals 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
Kumho Chemicals, Inc.'s score of 17 is lower 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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Kumho Chemicals, Inc.'s reported carbon emissions
In 2022, Kumho Chemicals, Inc. reported total carbon emissions of approximately 264,505,000 kg CO2e, comprising 89,900,000 kg CO2e from Scope 1 and 174,605,000 kg CO2e from Scope 2. The company has not disclosed any Scope 3 emissions data for this year. Kumho Chemicals is committed to reducing its carbon footprint through significant initiatives aimed at both Scope 1 and Scope 2 emissions. The company plans to install solar power facilities and expand the introduction of reduction technologies, such as steam turbine generators, with a long-term target set for 2045. This commitment reflects their strategy to achieve net-zero emissions in the future. The emissions data for 2022 is specific to the South Korean operations of Kumho Chemicals, while global emissions data from 2021 indicates a total of approximately 5,347,000,000 kg CO2e, including 3,128,818,000 kg CO2e from Scope 1, 344,400,000 kg CO2e from Scope 2, and 3,518,491,000 kg CO2e from Scope 3. Kumho Chemicals' climate commitments are part of a broader industry trend towards sustainability, aligning with global efforts to mitigate climate change impacts.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,108,304,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 391,427,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,311,681,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Kumho Chemicals, Inc.'s Industry?
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Kumho Chemicals, Inc.'s Scope 3 Categories Breakdown
Kumho Chemicals, Inc.'s Scope 3 emissions, which decreased by 5% last year and increased by approximately 6% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 140% of Scope 3 emissions.
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Kumho Chemicals, Inc.'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.
Kumho Chemicals, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
