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Hanwha Ocean Co Ltd
Hanwha Ocean's GHG Emissions Data Preview
In 2024, Hanwha Ocean completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Hanwha Ocean has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Hanwha Ocean’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hanwha Ocean’s data sources below and access millions more through our Disclosure Search.
Insights into Hanwha Ocean's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHanwha Ocean amounted to455,322metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hanwha Oceanincreased by 9.27%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Hanwha Ocean's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hanwha Ocean's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hanwha Ocean were 202,343 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hanwha Ocean reduced its Scope 1 emissions over time?
Since 2019, Hanwha Ocean's Scope 1 emissions have increased by 8.36%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Hanwha Ocean's Scope 1 emissions increased by 7.71%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Hanwha Ocean's Scope 2 emissions?
In 2024, Hanwha Ocean reported Scope 2 greenhouse gas (GHG) emissions of 252,979 tCOâ‚‚e without specifying the calculation method.a
Has Hanwha Ocean reduced its Scope 2 emissions over time?
Since 2019, Hanwha Ocean's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have remained relatively stable, indicating that Hanwha Ocean's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year(2023), Hanwha Ocean's Scope 2 emissions(Unspecified Calculation Method) rose by 10.56% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Hanwha Ocean use for Scope 2 reporting?
In 2024, Hanwha Ocean reported its Scope 2 emissions using an unspecified methodology.a
Hanwha Ocean's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hanwha Ocean's Value Chain Emissions
In 2024, Hanwha Ocean reported 41,068,079 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hanwha Ocean includes a breakdown across 10of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Hanwha Ocean's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hanwha Ocean's Scope 3 emissions?
In 2024, Hanwha Ocean reported total Scope 3 emissions of 41,068,079 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 9.94%of these emissions originated from upstream activities such as purchased goods and capital goods, while 90.06%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hanwha Ocean's Scope 3 emissions increased by 41.31%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Hanwha Ocean disclose?
In 2024, Hanwha Ocean reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Hanwha Ocean's Scope 3 emissions?
In 2024, the largest contributors to Hanwha Ocean's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 36,904,036 tCOâ‚‚e(89.86%)
- Purchased Goods and Services (Cat. 1): 3,908,013 tCOâ‚‚e(9.52%)
- Investments (Cat. 15): 76,841 tCOâ‚‚e(0.19%)
Hanwha Ocean's Scope 3 Emissions by Categories
Insights into Hanwha Ocean’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hanwha Ocean reported Scope 1 greenhouse gas (GHG) emissions of 202,343 tCOâ‚‚e and total revenues of USD 7,344 millions. This translates into an emissions intensity of 27.55 tCOâ‚‚e per millions USD.a
Hanwha Ocean's Scope 1 Emissions Intensity Compared to Peers
How does Hanwha Ocean's GHG emissions intensity compare to its peers?
In 2024, Hanwha Ocean reported a Scope 1 emissions intensity of 27.55 tCOâ‚‚e per millions USD. Compared to the peer group median of 15.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Hanwha Ocean rank on GHG emissions intensity within its industry?
In 2024, Hanwha Ocean ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hanwha Ocean is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hanwha Ocean's Total Carbon Footprint
In 2024, Hanwha Ocean reported a total carbon footprint of 41,523,401 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 40.86% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hanwha Ocean's total carbon footprint was Scope 3 emissions, accounting for 98.9% of the company's total carbon footprint, followed by Scope 2 emissions at 0.61%.a