OCI Holdings Sustainability Profile
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 26 is higher than 51% 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 4.02 billion kg CO2e. This figure includes Scope 1 emissions of about 615.4 million kg CO2e, Scope 2 emissions of approximately 548.8 million kg CO2e, and Scope 3 emissions totalling around 1.50 billion kg CO2e. The Scope 3 emissions breakdown reveals significant contributions from fuel and energy-related activities (about 931.3 million kg CO2e) and purchased goods and services (approximately 275.8 million kg CO2e). Comparatively, in 2022, OCI Holdings recorded total emissions of about 2.82 billion kg CO2e, with Scope 1 at approximately 644.4 million kg CO2e, Scope 2 at around 565.6 million kg CO2e, and Scope 3 emissions at about 1.61 billion kg CO2e. This indicates a rise in total emissions from 2022 to 2023. Despite the increase in emissions, OCI Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company does not appear to inherit emissions data from a parent organization, maintaining its own reporting standards. Overall, OCI Holdings is positioned within an industry context that increasingly prioritises carbon neutrality and sustainability, yet it currently lacks defined pathways for emissions reduction.
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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 |
How Carbon Intensive is OCI Holdings's Industry?
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OCI Holdings's Scope 3 Categories Breakdown
OCI Holdings's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 62% of Scope 3 emissions.
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OCI Holdings'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.
OCI Holdings 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.
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