SK Chemicals

SK Chemicals, headquartered in South Korea (KR), has outlined ambitious climate commitments, aiming for Net Zero greenhouse gas (GHG) emissions by 2050. This long-term goal is supported by a Science Based Targets initiative (SBTi) approved target to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2032, using a 2021 baseline. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 30.0% within the same timeframe.

Recent emissions data reveals the following:

• 2024: Scope 1 emissions totalled approximately 408,724,000 kg CO2e, and Scope 2 emissions were around 130,825,000 kg CO2e, resulting in a combined Scope 1 and 2 total of approximately 539,549,000 kg CO2e. Scope 3 emissions data was not disclosed for this period.
• 2023: Scope 1 emissions were approximately 357,287,000 kg CO2e, with Scope 2 emissions at approximately 120,877,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to approximately 478,164,000 kg CO2e. Scope 3 emissions were not reported.
• 2022: The company reported Scope 1 emissions of approximately 372,861,000 kg CO2e and Scope 2 emissions of approximately 125,117,000 kg CO2e, making a combined total of approximately 497,978,000 kg CO2e. Scope 3 emissions were not disclosed.
• 2021: SK Chemicals reported total emissions of approximately 1,345,091,000 kg CO2e, comprising Scope 1 emissions of approximately 64,462,000 kg CO2e, Scope 2 emissions of approximately 201,961,000 kg CO2e, and Scope 3 emissions of approximately 1,078,668,000 kg CO2e.

SK Chemicals is committed to accelerating its Net Zero GHG emissions target by 2040, building upon its approved SBTi targets. The company's climate strategy focuses on reducing direct (Scope 1) and indirect (Scope 2) emissions from product production, as well as addressing Scope 3 emissions across its value chain.