SM Entertainment
SM Entertainment, officially known as SM Entertainment Co., Ltd., is a leading South Korean entertainment company headquartered in Seoul, KR. Founded in 1995 by Lee Soo-man, the company has played a pivotal role in shaping the K-pop industry, producing globally renowned artists and groups such as EXO, Red Velvet, and NCT. With a diverse portfolio that spans music production, artist management, and concert promotion, SM Entertainment has established itself as a powerhouse in the entertainment sector. The company is notable for its innovative approach to music and performance, leveraging cutting-edge technology and creative storytelling. Recognised for its significant contributions to the Hallyu wave, SM Entertainment continues to dominate the market, consistently achieving high sales and chart success both domestically and internationally. Its commitment to nurturing talent and producing high-quality content sets it apart in the competitive landscape of the entertainment industry.
DitchCarbon Score
How does SM Entertainment'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 Media Production 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
SM Entertainment's score of 35 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SM Entertainment's reported carbon emissions
In 2023, SM Entertainment reported total carbon emissions of approximately 1,323,200 kg CO2e, comprising 834,100 kg CO2e from Scope 1 and 489,100 kg CO2e from Scope 2. This marks a significant reduction from previous years, particularly from 2021, when emissions were about 1,311,500 kg CO2e (1,147,585,100 kg CO2e from Scope 1 and 1,639,400 kg CO2e from Scope 2). The company has set ambitious climate commitments, aiming to reduce its Scope 1 emissions by 30% and Scope 2 emissions by 25% from 2021 levels by the year 2030. These targets reflect a proactive approach to mitigating climate impact and align with industry standards for sustainability. Overall, SM Entertainment's ongoing efforts demonstrate a commitment to reducing its carbon footprint while continuing to engage in the global entertainment market.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,529,000 | 0,000,000,000 | 0,000,000,000 | 000,000 | 000,000 |
| Scope 2 | 2,157,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | - | - | - | - | - |
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.
SM Entertainment is not participating in any 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.
