SK Innovation Co., Ltd., headquartered in South Korea (KR), is a leading player in the energy and chemical industries. Founded in 1962, the company has evolved significantly, establishing a strong presence in various operational regions, including Asia, Europe, and North America.
Specialising in oil refining, petrochemicals, and battery manufacturing, SK Innovation is renowned for its innovative approach to sustainable energy solutions. The company’s core products, such as high-performance batteries for electric vehicles, set it apart in a competitive market.
With a commitment to research and development, SK Innovation has achieved notable milestones, including advancements in eco-friendly technologies. As a key contributor to the global energy transition, SK Innovation continues to solidify its market position through strategic partnerships and a focus on sustainability.
+13 vs industry average
SK Innovation Co Ltd’s score of 45 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
SK Innovation Co Ltd's reported carbon emissions
In 2023, SK Innovation Co Ltd reported total carbon emissions of approximately 137.6 billion kg CO2e, comprising 9.4 billion kg CO2e from Scope 1, 2.3 billion kg CO2e from Scope 2, and 137.6 billion kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for net-zero carbon emissions in its battery and materials business by 2035 for both Scope 1 and Scope 2 emissions. Additionally, SK Innovation plans to achieve a 25% reduction in emissions by 2025 and a 50% reduction by 2030 in its Hydrocarbon business, with a long-term goal of net-zero emissions by 2050. For Scope 3 emissions, the target is a 45% reduction by 2030 and 75% by 2050. These initiatives align with South Korea's national greenhouse gas reduction targets and the Global Paris Climate Agreement.
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SK Innovation Co Ltd’s Climate Goals (2030 & 2050)
6 goals2050
25% reduction in all scopes
Under the Net Zero Roadmap plan, the SK Innovation Hydrocarbon business will actively implement greenhouse gas reductions over the first 10…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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SK Innovation Co Ltd
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