Nonghyup Economic Holdings
Nonghyup Economic Holdings, often referred to as Nonghyup, is a prominent South Korean conglomerate headquartered in the heart of Korea. Established in 1961, the company has significantly contributed to the agricultural and financial sectors, primarily focusing on enhancing the livelihoods of farmers and rural communities. With a diverse portfolio that includes agricultural products, financial services, and food processing, Nonghyup stands out for its commitment to quality and sustainability. The company operates extensively across South Korea, with a strong presence in major agricultural regions, ensuring a robust supply chain from farm to table. Recognised for its innovative approach, Nonghyup has achieved notable milestones, including the development of a comprehensive cooperative system that empowers local farmers. As a leader in the agricultural industry, Nonghyup Economic Holdings continues to play a vital role in shaping the future of South Korea's economy.
DitchCarbon Score
How does Nonghyup Economic Holdings'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 Rice Paddies 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
Nonghyup Economic Holdings's score of 13 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nonghyup Economic Holdings's reported carbon emissions
In 2023, Nonghyup Economic Holdings reported total carbon emissions of approximately 9,578,000 kg CO2e across all scopes. This includes 7,025,000 kg CO2e from Scope 1, which covers direct emissions from owned or controlled sources, and 87,776,000 kg CO2e from Scope 2, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions totalled about 9,578,000 kg CO2e, with significant contributions from the use of sold products (8,581,000 kg CO2e) and business travel (142,000 kg CO2e). Comparatively, in 2022, the company emitted approximately 7,474,000 kg CO2e in Scope 1, 89,011,000 kg CO2e in Scope 2, and 6,632,000 kg CO2e in Scope 3. This indicates a slight increase in Scope 3 emissions year-on-year, while Scope 1 and Scope 2 emissions have decreased. Nonghyup Economic Holdings has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions across all scopes, reflecting a commitment to transparency in their environmental impact.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 7,474,000 | 0,000,000 |
| Scope 2 | 89,011,000 | 00,000,000 |
| Scope 3 | 6,632,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Nonghyup Economic Holdings is not committed to any reduction initiatives 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.
