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 23 is lower than 53% 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, headquartered in South Korea (KR), reported total carbon emissions of approximately 2,519,695,000 kg CO2e. This figure includes 615,387,000 kg CO2e from Scope 1 emissions, 548,827,000 kg CO2e from Scope 2 emissions, and a significant 1,504,594,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals substantial contributions from fuel and energy-related activities (931,250,000 kg CO2e) and purchased goods and services (275,830,000 kg CO2e). Comparatively, in 2022, OCI Holdings emitted about 2,409,000,000 kg CO2e, with Scope 1 emissions at 644,402,000 kg CO2e, Scope 2 at 565,572,000 kg CO2e, and Scope 3 at 1,608,064,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year, despite an increase in Scope 1 and Scope 2 emissions. OCI Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of SBTi (Science Based Targets initiative) reduction targets or documented climate pledges. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of OCI Holdings' operations. Overall, OCI Holdings is actively monitoring its carbon footprint across all scopes, but further commitments and reduction strategies would enhance its climate action profile.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 584,350,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 639,964,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 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.
