Songwon Industrial Co., Ltd. Sustainability Profile
Songwon Industrial Co., Ltd., headquartered in South Korea (KR), is a leading global manufacturer in the specialty chemicals industry. Founded in 1965, the company has established a strong presence in key operational regions, including Asia, Europe, and the Americas. Specialising in polymer additives, Songwon offers a diverse range of products, including antioxidants, UV stabilisers, and other performance chemicals that enhance the durability and longevity of materials. Their commitment to innovation and sustainability sets them apart in a competitive market, making them a trusted partner for various industries, including plastics, coatings, and rubber. With a robust market position, Songwon has achieved significant milestones, including the expansion of its production capabilities and a growing portfolio of patented technologies. This dedication to quality and customer satisfaction has solidified Songwon's reputation as a leader in the specialty chemicals sector.
DitchCarbon Score
How does Songwon Industrial 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 Plastic 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
Songwon Industrial Co., Ltd.'s score of 18 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Songwon Industrial Co., Ltd.'s reported carbon emissions
In 2024, Songwon Industrial Co., Ltd. reported total carbon emissions of approximately 167,649,000 kg CO2e, comprising about 88,385,000 kg CO2e from Scope 1 and about 77,831,000 kg CO2e from Scope 2 emissions. This marks a significant increase from 2023, when total emissions were about 132,317,820 kg CO2e, with Scope 1 emissions at approximately 80,855,000 kg CO2e and Scope 2 emissions at about 69,599,000 kg CO2e. The company has set ambitious climate commitments, aiming for carbon neutrality by 2050. This long-term goal includes specific near-term targets: a 5% reduction in greenhouse gas (GHG) emissions by 2025 and a 10% reduction by 2030, both compared to 2018 levels. Additionally, Songwon aims to reduce Scope 1 and Scope 2 emissions by 40% from 2018 levels by 2030, relative to production volume. Songwon's emissions data is not cascaded from any parent company, indicating that the reported figures are solely from its own operations. The company is actively working towards its climate goals, demonstrating a commitment to sustainability and reducing its carbon footprint in the chemical industry.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 78,733,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 71,991,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Songwon Industrial Co., Ltd.'s Industry?
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Songwon Industrial 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.
Songwon Industrial 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.
