SK Innovation Co Ltd

SK Innovation Co Ltd, a South Korean-headquartered company in the Other business services industry, reported total carbon emissions of approximately 159.2 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 9.67 billion kg CO2e, Scope 2 emissions of 3.05 billion kg CO2e, and Scope 3 emissions of 146.5 billion kg CO2e. Key Scope 3 categories included use of sold products (114.6 billion kg CO2e), purchased goods and services (22.26 billion kg CO2e), and end-of-life treatment of sold products (7.42 billion kg CO2e).

Looking back, in 2023, the company's total emissions were approximately 154.1 billion kg CO2e, comprising Scope 1 emissions of 9.12 billion kg CO2e, Scope 2 emissions of 2.03 billion kg CO2e, and Scope 3 emissions of 143.0 billion kg CO2e. In 2021, total emissions were approximately 154.7 billion kg CO2e, with Scope 1 at 9.9 billion kg CO2e, Scope 2 at 2.8 billion kg CO2e, and Scope 3 at 142 billion kg CO2e. The earliest data available shows 2014 Scope 1 emissions at 10.03 billion kg CO2e and Scope 2 emissions at 2.47 billion kg CO2e.

SK Innovation Co Ltd has set several climate commitments. For its battery and materials business, the company aims to achieve Net Zero Scope 1 and Scope 2 emissions by 2035. For its energy and chemicals business, the goal is to reach Net Zero Scope 1 and Scope 2 emissions by 2050. Across all scopes, the company's Hydrocarbon business, under its Net Zero Roadmap plan, targets a 25% reduction in emissions by 2025 and a 50% reduction by 2030, with a further goal to achieve Net Zero before 2050. Specifically for Scope 3, the company aims to reduce integrated carbon emissions by 45% by 2030 and 75% by 2050. Additionally, the company has a near-term target to reduce Scope 1 and Scope 2 emissions by 7.8% or more against a business-as-usual scenario by 2025, in compliance with Nationality Determined Contributions.