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Public Profile
Communication Equipment Manufacturing
KR
updated 6 months ago

MagnaChip Semiconductor, Ltd.

Company website

MagnaChip Semiconductor, Ltd., 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, MagnaChip has established itself as a key provider of innovative solutions in the fields of display drivers, power management, and RF (radio frequency) technologies. The company is renowned for its advanced semiconductor products, which cater to a diverse range of applications, including consumer electronics, automotive, and industrial sectors. MagnaChip's commitment to quality and innovation has positioned it as a trusted partner for major global brands. With a focus on high-performance and energy-efficient solutions, MagnaChip continues to achieve significant milestones, solidifying its reputation as a formidable force in the semiconductor market.

DitchCarbon Score

How does MagnaChip Semiconductor, Ltd.'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.

23

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.

24

Industry Benchmark

MagnaChip Semiconductor, Ltd.'s score of 23 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

40%

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MagnaChip Semiconductor, Ltd.'s reported carbon emissions

MagnaChip Semiconductor, Ltd., headquartered in South Korea (KR), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of MagnaChip Semiconductor Corporation, which may influence its climate commitments and reporting practices. As of now, MagnaChip has not established any documented reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets suggests that the company may still be in the early stages of formalising its climate strategy. Given the absence of reported emissions data and reduction commitments, it is essential for MagnaChip to develop a comprehensive approach to carbon management and sustainability. This could include setting measurable targets for reducing Scope 1, 2, and 3 emissions, which encompass direct emissions from owned or controlled sources, indirect emissions from the generation of purchased energy, and other indirect emissions in the value chain, respectively. In summary, while MagnaChip Semiconductor, Ltd. has not disclosed specific emissions data or reduction initiatives, the company is positioned within a corporate family that may influence its future climate commitments.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. MagnaChip Semiconductor, Ltd.'s primary industry is Radio, television and communication equipment and apparatus (32), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for MagnaChip Semiconductor, Ltd. is in KR, which we do not have grid emissions data for.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

MagnaChip Semiconductor, Ltd. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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