Kumho Petrochemical Sustainability Profile
Kumho Petrochemical Co., Ltd., commonly referred to as Kumho Petrochemical, is a leading player in the petrochemical industry, headquartered in South Korea (KR). Established in 1970, the company has made significant strides in the production of synthetic rubber and various petrochemical products, serving diverse markets across Asia, Europe, and North America. Kumho Petrochemical is renowned for its innovative offerings, including high-performance synthetic rubbers and advanced materials that cater to the automotive, construction, and electronics sectors. The company’s commitment to research and development has positioned it as a key competitor in the global market, with notable achievements in sustainability and product quality. With a strong emphasis on technological advancement, Kumho Petrochemical continues to solidify its reputation as a trusted supplier in the petrochemical landscape.
DitchCarbon Score
How does Kumho Petrochemical'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 Petrochemical's score of 33 is higher than 57% 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 Petrochemical's reported carbon emissions
In 2023, Kumho Petrochemical reported total carbon emissions of approximately 3,322,947,000 kg CO2e. This figure includes Scope 1 emissions of about 3,009,402,000 kg CO2e, Scope 2 emissions of approximately 313,545,000 kg CO2e, and Scope 3 emissions amounting to about 5,271,699,000 kg CO2e. The company has set long-term commitments to reduce its carbon footprint, specifically targeting Scope 1 and Scope 2 emissions. Initiatives include the installation of solar power facilities and the expansion of steam turbine generators, with a timeline extending from 2023 to 2045. In 2022, Kumho Petrochemical's emissions were reported at approximately 3,473,210,000 kg CO2e globally, with Scope 1 emissions at about 3,128,818,000 kg CO2e, Scope 2 at approximately 344,400,000 kg CO2e, and Scope 3 emissions reaching about 5,779,332,000 kg CO2e. The company is actively working towards its climate commitments, although specific reduction targets under the Science Based Targets initiative (SBTi) have not been disclosed. Overall, Kumho Petrochemical is focused on enhancing its sustainability practices and reducing its environmental impact in the petrochemical industry.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,108,304,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 391,427,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,311,681,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Kumho Petrochemical's Industry?
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Kumho Petrochemical'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 Petrochemical 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.
