Hanwha Ocean Co Ltd

Common Name
Hanwha Ocean
Country
South Korea
Sector
Industrials
Industry
Aerospace & Defense
Employees
9,454
Ticker
042660
Exchange
KOREA EXCHANGE
Description
Hanwha Ocean Co. Ltd. is a prominent player in the shipbuilding and offshore engineering industries, primarily engaged in the design, construction, and maintenance of a wide array of maritime vessels ...

Hanwha Ocean's Climate Target Data Preview

As of 2023, Hanwha Ocean has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hanwha Ocean ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
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Verified Sources Behind Hanwha Ocean’s Climate Targets Data

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a. Hanwha Ocean's Sustainability Report 2023
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Insights into Hanwha Ocean's Greenhouse Gas Emissions Pathways

As of 2023, Hanwha Ocean has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Hanwha Ocean have a target to reduce the emissions from its operations?

As of 2023, Hanwha Ocean has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Hanwha Ocean's most ambitious operational target is to reduce these emissions by 40% by 2030, compared to a baseline of 430,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a

As of 2023, Hanwha Ocean is lagging behind on its operational emissions reduction target, having achieved 7.75% of the planned reduction. a

Hanwha Ocean's Operational (Scope 1+2) Emissions Pathway

2018202320300150 k300 k450 k600 kCurrent (-3%)Target 2030 (-40%)
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