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Business Services
KR
updated a month ago

SK Innovation Co Ltd

Company website

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.

46

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.

28

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.

69%

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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 137,565,500,000 kg CO2e. Scope 1 emissions were approximately 9,379,375,000 kg CO2e, and Scope 2 emissions totalled around 2,275,526,000 kg CO2e. The combined Scope 1 and 2 emissions reached 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. In the near term, the company has pledged to reduce Scope 1 and Scope 2 emissions by at least 7.8% against business-as-usual (BAU) by 2025, in line with the Nationally Determined Contributions (NDCs) under the "Act on the allocation and trading of greenhouse gas emission permits." SK Innovation's emissions data is not cascaded from any parent company, and all reported figures are derived directly from its own disclosures. The company actively participates in initiatives such as CDP and CA100, reinforcing its commitment to sustainability and climate action.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2014201520162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. SK Innovation Co Ltd's primary industry is Other business services (74), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for SK Innovation Co Ltd is in KR, which we do not have grid emissions data for.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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