Kumho Petrochemical

Kumho Petrochemical, a KR-based company operating in the chemicals sector, reported its total greenhouse gas emissions for 2023 at approximately 3.32 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2022, the company's total emissions were around 3.47 billion kg CO2e, with Scope 1 emissions totalling approximately 3.13 billion kg CO2e and Scope 2 emissions at about 344.4 million kg CO2e. For 2021, total emissions were approximately 3.41 billion kg CO2e, comprising Scope 1 emissions of about 3.04 billion kg CO2e and Scope 2 emissions of roughly 372.4 million kg CO2e. The most recent data available for 2023 shows Scope 1 emissions at approximately 3.01 billion kg CO2e and Scope 2 emissions at about 313.5 million kg CO2e.

While specific broad reduction targets for Kumho Petrochemical were not detailed in the provided data, related entities within the Kumho group have established climate commitments. For instance, Kumho Tire has set targets to reduce Scope 1 and 2 emissions by 4.67% between 2018 and 2025, aiming to reduce emissions below allocated permits by the end of the third period. Furthermore, Kumho Tire plans to achieve net-zero emissions for Scope 1 and 2 by 2045 through initiatives such as installing solar power facilities and expanding the use of reduction technologies like steam turbine generators. The data indicates that Kumho Petrochemical's emissions reporting is not cascaded from a parent organisation, with the company self-reporting its performance.