Sk Networks Sustainability Profile
SK Networks Co., Ltd., commonly referred to as SK Networks, is a prominent South Korean company headquartered in Seoul, South Korea (KR). Established in 1953, the firm has evolved into a key player in the telecommunications and logistics industries, with significant operations across Asia and beyond. The company offers a diverse range of services, including telecommunications, energy solutions, and logistics management, distinguished by its commitment to innovation and sustainability. SK Networks has achieved notable milestones, such as expanding its global footprint and enhancing its service offerings through strategic partnerships. With a strong market position, SK Networks is recognised for its contributions to the digital transformation of various sectors, making it a trusted name in the industry. Its unique blend of technology and service excellence continues to drive growth and customer satisfaction.
DitchCarbon Score
How does Sk Networks'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 Networks's score of 76 is higher than 87% 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 Networks's reported carbon emissions
In 2023, SK Networks, headquartered in South Korea, reported total carbon emissions of approximately 3,566,675.5 metric tons CO2e. This figure includes 9,287,400 kg CO2e from Scope 1 emissions, 27,203,300 kg CO2e from Scope 2 emissions, and a significant 3,566,675,500 kg CO2e from Scope 3 emissions, which encompasses indirect emissions from the value chain. The company has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its value chain by 2050, using 2021 as the base year. Near-term targets include a reduction of absolute Scope 1 and 2 emissions by 46.2% by 2031 and a 27.5% reduction in Scope 3 emissions within the same timeframe. Long-term goals further escalate these reductions, targeting a 95% decrease in Scope 1 and 2 emissions by 2040 and a 90% reduction in Scope 3 emissions by 2050. These targets align with the Science Based Targets initiative (SBTi) and reflect SK Networks' commitment to the Paris Agreement's 1.5°C scenario. The company is actively managing its emissions reduction strategies, including an electric vehicle (EV) conversion roadmap for its business vehicles to meet the EV100 goal by 2030.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 9,029,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 20,981,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Sk Networks's Industry?
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Sk Networks's Scope 3 Categories Breakdown
Sk Networks's Scope 3 emissions, which increased by 16% last year and increased by approximately 516% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 53% of Scope 3 emissions.
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Sk Networks'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 Networks 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.
