Kakao
Kakao Corporation, commonly referred to as Kakao, is a leading South Korean technology company headquartered in Jeju, South Korea. Founded in 2010, Kakao has rapidly evolved within the digital landscape, primarily focusing on mobile messaging, social networking, and various online services. The company is renowned for its flagship product, KakaoTalk, a widely used messaging app that integrates diverse functionalities, including payment services and gaming. Kakao's unique ecosystem also encompasses Kakao Games, Kakao Pay, and Kakao Music, positioning it as a significant player in the South Korean tech industry. With a strong market presence and a commitment to innovation, Kakao has achieved notable milestones, including strategic partnerships and expansions into international markets, solidifying its reputation as a pioneer in the digital communication and entertainment sectors.
DitchCarbon Score
How does Kakao'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 Recreation and Sports Services 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
Kakao's score of 52 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kakao's reported carbon emissions
In 2023, Kakao reported total carbon emissions of approximately 69,000,000 kg CO2e, comprising 2,008,000 kg CO2e from Scope 1, 11,711,000 kg CO2e from Scope 2, and a significant 60,238,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown includes 14,766,000 kg CO2e from capital goods and 4,237,000 kg CO2e from fuel and energy-related activities. Kakao has set ambitious greenhouse gas (GHG) reduction targets, aiming for a 28.4% reduction in Scope 1 and Scope 2 emissions by 2026, and a further 71.8% reduction by 2030, with a long-term goal of achieving net zero emissions by 2040. These targets are based on 2022 emissions levels. The company has previously committed to near-term targets but has since removed some commitments, indicating a shift in their climate strategy. Despite this, Kakao remains focused on substantial reductions in their operational emissions, particularly in Scope 2, which is critical given the high levels of emissions reported. Kakao's emissions data is self-reported and does not cascade from any parent organisation, ensuring that the figures reflect their direct operational impact. The company continues to engage in various sustainability initiatives to enhance its environmental performance.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 287,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 64,478,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 185,000 | 000,000 | 000,000 | 000,000 | 00,000,000 |
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.
Kakao is participating in some 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.
