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 70 is higher than 81% 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. This reflects a significant commitment to transparency in their emissions reporting across all scopes. In 2023, the company recorded emissions of about 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. Notably, the emissions for Scope 1 and 2 have shown a trend of increasing figures over the years, indicating the need for robust reduction strategies. SK Hynix has set ambitious long-term climate commitments, aiming for net-zero emissions by 2050. The company has established interim targets for 2030, which include maintaining Scope 1 and 2 greenhouse gas emissions at 2020 levels and achieving a 33% renewable energy usage rate. These targets are part of a broader strategy led by the Carbon Management Committee, formed in 2022, to implement effective carbon reduction initiatives across the organisation. The company is also committed to the RE100 initiative, which aims for 100% renewable energy usage. These commitments underscore SK Hynix's proactive approach to addressing climate change and reducing its carbon footprint in the semiconductor industry.
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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.
