OCI Holdings
OCI Holdings, a prominent player in the chemical and energy sectors, is headquartered in South Korea (KR). Founded in 1959, the company has established itself as a leader in the production of polysilicon, a critical material for solar energy applications, as well as various chemical products. With a strong operational presence in Asia and beyond, OCI Holdings has achieved significant milestones, including advancements in sustainable energy solutions. The company’s core offerings include high-purity polysilicon and specialty chemicals, distinguished by their quality and innovation. OCI Holdings is recognised for its commitment to sustainability and has made notable strides in reducing environmental impact. As a key contributor to the renewable energy market, OCI Holdings continues to strengthen its market position, driving growth and technological advancements in the industry.
DitchCarbon Score
How does OCI 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 Chemicals 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
OCI Holdings's score of 19 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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OCI Holdings's reported carbon emissions
In 2023, OCI Holdings reported total carbon emissions of approximately 2,519,695,000 kg CO2e, comprising about 1,969,776,000 kg CO2e from Scope 1 and about 549,926,000 kg CO2e from Scope 2 emissions. This marks a significant increase in emissions compared to 2022, where total emissions were approximately 1,209,974,000 kg CO2e, with Scope 1 emissions at about 644,402,000 kg CO2e and Scope 2 at about 565,572,000 kg CO2e. The company has not disclosed any Scope 3 emissions data for 2023, but in 2022, Scope 3 emissions were reported at approximately 1,608,064,000 kg CO2e. OCI Holdings has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment in climate action. Overall, OCI Holdings' emissions data reflects the challenges faced in reducing carbon footprints, particularly in the context of increasing operational demands. The absence of defined reduction targets suggests that the company may need to enhance its climate strategy to align with global sustainability goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 584,350,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 639,964,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | - |
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.
OCI Holdings 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.
