SK Innovation Co Ltd
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 71% 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 significant contributions from Scope 3 emissions, which accounted for about 99.3% of the total. Specifically, Scope 1 emissions were about 9,379,375,000 kg CO2e, and Scope 2 emissions were approximately 2,275,526,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero Scope 1 emissions in its energy and chemicals business by 2050 and in its battery and materials business by 2035. Additionally, SK Innovation has established a near-term reduction target of at least 7.8% against business-as-usual (BAU) emissions by 2025, in compliance with the Nationally Determined Contributions (NDCs) under the Act on the allocation and trading of greenhouse gas emission permits. The company has consistently disclosed its emissions data across all relevant scopes, demonstrating transparency in its climate strategy. The emissions data is not cascaded from any parent organization, indicating that SK Innovation is independently reporting its performance.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
SK Innovation Co Ltd is participating in some 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.
