Michang Oil Ind. Co., Ltd. Sustainability Profile
Michang Oil Ind. Co., Ltd., headquartered in South Korea (KR), is a prominent player in the oil and petrochemical industry. Established in 1995, the company has steadily expanded its operations across major regions, focusing on the production and distribution of high-quality lubricants and industrial oils. With a commitment to innovation, Michang Oil offers a diverse range of products, including engine oils, hydraulic fluids, and specialty lubricants, all designed to meet the evolving needs of various sectors. Their unique formulations are tailored to enhance performance and efficiency, setting them apart in a competitive market. Recognised for their dedication to quality and sustainability, Michang Oil has achieved significant milestones, solidifying its position as a trusted supplier in the industry. The company continues to strive for excellence, contributing to advancements in oil technology and environmental stewardship.
DitchCarbon Score
How does Michang Oil Ind. Co., 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 Petroleum Products 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
Michang Oil Ind. Co., Ltd.'s score of 22 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Michang Oil Ind. Co., Ltd.'s reported carbon emissions
Michang Oil Ind. Co., Ltd., headquartered in South Korea (KR), currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, the company has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments to reducing its carbon footprint at this time. As there are no emissions data or reduction initiatives available, it is unclear how Michang Oil Ind. Co., Ltd. aligns with industry standards for climate action. The absence of specific targets or commitments may reflect a broader context within the oil industry, where many companies are increasingly pressured to disclose emissions and set ambitious reduction goals in line with global climate agreements. Overall, without concrete emissions data or climate commitments, Michang Oil Ind. Co., Ltd. appears to have limited transparency regarding its environmental impact and sustainability efforts.
How Carbon Intensive is Michang Oil Ind. Co., Ltd.'s Industry?
How Carbon Intensive is Michang Oil Ind. Co., Ltd.'s Location?
Michang Oil Ind. Co., 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.
Michang Oil Ind. Co., 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.
