Solus Advanced Materials Co., Ltd. Sustainability Profile
Solus Advanced Materials Co., Ltd., headquartered in South Korea, is a leading player in the advanced materials industry, specialising in high-performance materials for various applications. Founded in 2006, the company has established a strong presence in key operational regions, including Asia and beyond, focusing on innovative solutions that cater to the evolving needs of its clients. The company’s core offerings include advanced polymer composites and specialty chemicals, which are distinguished by their superior quality and performance characteristics. Solus Advanced Materials is recognised for its commitment to research and development, enabling it to maintain a competitive edge in the market. With a reputation for excellence and a portfolio of notable achievements, Solus continues to drive advancements in material science, positioning itself as a trusted partner for industries seeking cutting-edge solutions.
DitchCarbon Score
How does Solus Advanced Materials 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.
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
Solus Advanced Materials Co., Ltd.'s score of 26 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Solus Advanced Materials Co., Ltd.'s reported carbon emissions
In 2022, Solus Advanced Materials Co., Ltd. reported total carbon emissions of approximately 65,220,110 kg CO2e. This figure includes Scope 1 emissions of about 7,744,750 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 34,085,440 kg CO2e, with a market-based approach accounting for nearly all of this total. Additionally, the company recorded Scope 3 emissions of around 23,251,000 kg CO2e. Comparatively, in 2021, the company's total emissions were about 43,647,000 kg CO2e, with Scope 1 emissions at approximately 9,722,000 kg CO2e, Scope 2 emissions (market-based) at about 18,626,000 kg CO2e, and Scope 3 emissions around 15,298,000 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. Despite the increase in emissions, Solus Advanced Materials Co., Ltd. has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company is a current subsidiary of a larger corporate family, and emissions data is cascaded from its parent organisation, Solus Advanced Materials Co., Ltd. Overall, while the company has made strides in transparency regarding its emissions, further details on reduction strategies and commitments would enhance its climate action profile.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 9,722,000 | 0,000,000 |
| Scope 2 | 18,626,000 | 00,000,000 |
| Scope 3 | 15,298,000 | 00,000,000 |
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Solus Advanced Materials Co., Ltd.'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.
Solus Advanced Materials Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
