MagnaChip Semiconductor, Ltd. Sustainability Profile
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.
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, Ltd.'s score of 23 is lower than 68% 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, 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.
How Carbon Intensive is MagnaChip Semiconductor, Ltd.'s Industry?
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MagnaChip Semiconductor, Ltd.'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, Ltd. 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.
