Magnachip Semiconductor Corporation Sustainability Profile
Magnachip Semiconductor Corporation, a leading player in the semiconductor industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 2004, the company has established itself as a key provider of innovative semiconductor solutions, particularly in the areas of display drivers, power management, and sensor technologies. Magnachip's core products include high-performance display drivers for OLED and LCD screens, as well as advanced power management ICs that enhance energy efficiency. What sets Magnachip apart is its commitment to developing cutting-edge technologies that cater to the evolving needs of the consumer electronics and automotive markets. With a strong market position, the company has achieved significant milestones, including partnerships with major global brands, solidifying its reputation as a trusted semiconductor supplier.
DitchCarbon Score
How does Magnachip Semiconductor Corporation'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 Communication Equipment 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
Magnachip Semiconductor Corporation's score of 23 is lower than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnachip Semiconductor Corporation's reported carbon emissions
Magnachip Semiconductor Corporation, headquartered in South Korea (KR), currently does not report any specific carbon emissions data, as indicated by the absence of figures in the latest emissions data. Consequently, there are no recorded emissions in terms of Scope 1, 2, or 3 emissions. Furthermore, the company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments towards reducing carbon emissions or addressing climate change at this time. As there is no inherited emissions data from a parent or related organization, all information is based solely on Magnachip Semiconductor Corporation's own disclosures. The absence of specific climate initiatives or targets may reflect a broader industry context where semiconductor companies are increasingly being called upon to enhance their sustainability practices.
How Carbon Intensive is Magnachip Semiconductor Corporation's Industry?
How Carbon Intensive is Magnachip Semiconductor Corporation's Location?
Magnachip Semiconductor Corporation'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.
Magnachip Semiconductor Corporation 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.
