Sooil Development Co. Ltd Sustainability Profile

In 2024, Sooil Development Co. Ltd, headquartered in South Korea (KR), reported significant carbon emissions totalling approximately 556,215,900 kg CO2e across all scopes. This includes about 8,726,300 kg CO2e from Scope 1 (direct emissions) and approximately 26,474,400 kg CO2e from Scope 2 (indirect emissions from energy use). The majority of emissions, about 556,215,900 kg CO2e, stem from Scope 3, which encompasses the entire value chain, including categories such as purchased goods and services (approximately 243,970,200 kg CO2e) and use of sold products (around 4,246,000 kg CO2e). In 2023, the company reported a total of approximately 3,566,675,500 kg CO2e, with Scope 1 emissions at about 9,287,400 kg CO2e and Scope 2 emissions at approximately 27,203,300 kg CO2e. The Scope 3 emissions for that year were notably high, reaching approximately 3,566,675,500 kg CO2e, indicating a substantial footprint from upstream and downstream activities. Sooil Development Co. Ltd has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. The company’s emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. Overall, while Sooil Development Co. Ltd has made strides in transparency regarding its emissions, the lack of defined reduction strategies highlights an area for potential improvement in its climate action framework.