Hanwha Sustainability Profile
Hanwha Corporation, a leading South Korean conglomerate, is headquartered in Seoul, South Korea (KR). Founded in 1952, Hanwha has evolved into a prominent player across various industries, including defence, energy, and construction. The company is renowned for its innovative solutions in solar energy, aerospace, and chemical manufacturing, setting it apart with a commitment to sustainability and technological advancement. With a strong presence in Asia, North America, and Europe, Hanwha has achieved significant milestones, such as becoming one of the world's largest solar energy providers. Its core products, including advanced solar panels and defence systems, are distinguished by their quality and cutting-edge technology. Hanwha's market position is bolstered by its dedication to research and development, making it a trusted name in the global marketplace.
DitchCarbon Score
How does Hanwha'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 Chemicals 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
Hanwha's score of 20 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hanwha's reported carbon emissions
In 2024, Hanwha reported significant carbon emissions from its operations in South Korea, with total emissions of approximately 3,926,152,000 kg CO2e for Scope 1 and 753,743,000 kg CO2e for Scope 2, resulting in a combined total of about 4,679,895,000 kg CO2e for Scope 1 and 2. In 2023, the company’s global emissions included 21,389,000 kg CO2e for Scope 1, 47,359,000 kg CO2e for Scope 2, and a substantial 7,446,486,000 kg CO2e for Scope 3 emissions, which encompass indirect emissions from the value chain. Hanwha's emissions data indicates a commitment to transparency, with disclosures covering Scope 1, 2, and 3 emissions. However, there are currently no specific reduction targets or initiatives outlined in their sustainability reports, nor are there any commitments to the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while Hanwha is actively measuring its emissions, it has yet to establish formal goals for reducing its carbon footprint. Overall, Hanwha's emissions reflect its operational scale and the challenges faced in managing carbon outputs, particularly in the context of its extensive global activities. The company’s future climate commitments and reduction strategies will be crucial in addressing its environmental impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,749,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 45,102,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Hanwha's Industry?
How Carbon Intensive is Hanwha's Location?
Hanwha's Scope 3 Categories Breakdown
Hanwha's Scope 3 emissions, which increased by 76% last year and increased by approximately 90% since 2021, 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 44% of Scope 3 emissions.
Top Scope 3 Categories
Hanwha'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.
Hanwha 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.
