SK Innovation Co Ltd Sustainability Profile
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.
DitchCarbon Score
How does SK Innovation Co Ltd'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 Business Services 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
SK Innovation Co Ltd's score of 46 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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SK Innovation Co Ltd's reported carbon emissions
In 2023, SK Innovation Co Ltd reported total carbon emissions of approximately 137,565,500,000 kg CO2e, with emissions distributed across various scopes: 9,379,375,000 kg CO2e (Scope 1), 2,275,526,000 kg CO2e (Scope 2), and 137,565,500,000 kg CO2e (Scope 3). The combined Scope 1 and 2 emissions totalled about 11,654,889,000 kg CO2e. 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 targets net-zero Scope 1 emissions in its energy and chemicals business by 2050, alongside net-zero Scope 2 emissions in the same sector by 2050. In compliance with national regulations, SK Innovation has also established a near-term reduction target of at least 7.8% against business-as-usual (BAU) emissions by 2025 for both Scope 1 and Scope 2 emissions. This data reflects SK Innovation's commitment to addressing climate change and reducing its carbon footprint across its operations.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,032,500,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,467,701,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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SK Innovation Co Ltd's Scope 3 Categories Breakdown
SK Innovation Co Ltd's Scope 3 emissions, which increased by 4% last year and increased by approximately 193% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 76% of Scope 3 emissions.
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SK Innovation Co Ltd'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.
SK Innovation Co Ltd has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
