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.
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.
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.
OCI Holdings's score of 23 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 2,409,974,000 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 these figures, OCI Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company does not appear to inherit emissions data from a parent organization, maintaining its own reporting standards. Overall, OCI Holdings' emissions profile highlights the need for enhanced climate commitments and strategies to address its substantial carbon footprint, particularly in Scope 3 emissions, which represent the largest share of its total emissions.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.