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 70% 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. Additionally, there are no documented reduction targets or climate pledges associated with the company. As a result, Michang Oil Ind. Co., Ltd. does not appear to have established any significant commitments towards reducing its carbon footprint or addressing climate change. The lack of emissions data and reduction initiatives suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the context of the oil industry, where carbon emissions are a critical concern, it is essential for companies like Michang Oil Ind. Co., Ltd. to consider implementing robust climate commitments and reduction targets to align with global sustainability goals.
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.
