Sk Hynix Sustainability Profile
SK Hynix Inc., a leading global semiconductor manufacturer, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1983, the company has established itself as a key player in the memory chip industry, specialising in DRAM and NAND flash memory products. With a commitment to innovation, SK Hynix has achieved significant milestones, including advancements in 10nm-class DRAM technology and the development of high-capacity NAND solutions. Their core offerings are distinguished by superior performance and energy efficiency, catering to a diverse range of applications from mobile devices to data centres. As one of the largest memory chip producers worldwide, SK Hynix continues to strengthen its market position through strategic partnerships and cutting-edge research, solidifying its reputation for excellence in the semiconductor sector.
DitchCarbon Score
How does Sk Hynix'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 Electrical Machinery Manufacturing 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 Hynix's score of 76 is higher than 85% 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 Hynix's reported carbon emissions
In 2024, SK Hynix reported total carbon emissions of approximately 3,762,584,000 kg CO2e for Scope 1, 3,812,119,000 kg CO2e for Scope 2, and 3,732,101,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services (about 2,577,393,000 kg CO2e) and waste generated in operations (approximately 315,027,000 kg CO2e). The company has set ambitious climate commitments, aiming for net-zero emissions by 2050. This goal encompasses all scopes of emissions, with interim targets for 2030 that include maintaining Scope 1 and 2 greenhouse gas emissions at 2020 levels and achieving a 33% renewable energy usage rate. The Carbon Management Committee, established in 2022, is pivotal in driving these initiatives. In 2023, SK Hynix's emissions were approximately 2,338,090,000 kg CO2e for Scope 1, 4,986,890,000 kg CO2e for Scope 2, and 2,951,027,000 kg CO2e for Scope 3, indicating a need for ongoing efforts to meet their reduction targets. The company is committed to transparency and has disclosed emissions data across all relevant scopes, reflecting its dedication to sustainability and climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,958,542,000 | 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 2 | 3,955,848,000 | 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 | 109,100,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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Sk Hynix's Scope 3 Categories Breakdown
Sk Hynix's Scope 3 emissions, which increased by 26% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 33% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 69% of Scope 3 emissions.
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Sk Hynix'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 Hynix 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.
