Hanwha Solutions Corp
Hanwha Solutions's GHG Emissions Data Preview
In 2023, Hanwha Solutions 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 Solutions has also provided a category-level breakdown for 14 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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 Solutions’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 Solutions’s data sources below and access millions more through our Disclosure Search.
Insights into Hanwha Solutions's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hanwha Solutions amounted to 2,796,470 metric 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 2022, the total operational greenhouse gas (GHG) emissions of Hanwha Solutions increased by 14.84%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Hanwha Solutions's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hanwha Solutions's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hanwha Solutions were 462,646 metric tons of CO₂ equivalent (tCO₂e). a
Has Hanwha Solutions reduced its Scope 1 emissions over time?
Since 2021, Hanwha Solutions's Scope 1 emissions have increased by 17.23%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Hanwha Solutions's Scope 1 emissions increased by 22.48%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hanwha Solutions's Scope 2 emissions?
In 2023, Hanwha Solutions reported Scope 2 greenhouse gas (GHG) emissions of 2,333,824 tCO₂e without specifying the calculation method. a
Has Hanwha Solutions reduced its Scope 2 emissions over time?
Since 2021, Hanwha Solutions's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 11.99%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Hanwha Solutions's Scope 2 emissions (Unspecified Calculation Method) rose by 13.44% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Hanwha Solutions use for Scope 2 reporting?
In 2023, Hanwha Solutions reported its Scope 2 emissions using an unspecified methodology. a
Hanwha Solutions's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hanwha Solutions's Value Chain Emissions
In 2023, Hanwha Solutions reported 6,789,036 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Hanwha Solutions includes a breakdown across 14 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Hanwha Solutions's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hanwha Solutions's Scope 3 emissions?
In 2023, Hanwha Solutions reported total Scope 3 emissions of 6,789,036 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 75.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.52% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Hanwha Solutions reduced its Scope 3 emissions over time?
Since 2021, Hanwha Solutions's Scope 3 emissions have remained relatively stable, indicating that Hanwha Solutions 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2022), Hanwha Solutions's Scope 3 emissions remained relatively stable, indicating that Hanwha Solutions 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Hanwha Solutions disclose?
In 2023, Hanwha Solutions reported emissions for 14 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 Solutions's Scope 3 emissions?
In 2023, the largest contributors to Hanwha Solutions's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 4,836,043 tCO₂e (71.23%)
- Investments (Cat. 15): 1,662,031 tCO₂e (24.48%)
- Fuel- and Energy-Related Services (Cat. 3): 161,967 tCO₂e (2.39%)
Hanwha Solutions's Scope 3 Emissions by Categories
Insights into Hanwha Solutions’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Hanwha Solutions reported Scope 1 greenhouse gas (GHG) emissions of 462,646 tCO₂e and total revenues of USD 10,399 millions. This translates into an emissions intensity of 44.49 tCO₂e per millions USD. a
Hanwha Solutions's Scope 1 Emissions Intensity Compared to Peers
How does Hanwha Solutions's GHG emissions intensity compare to its peers?
In 2023, Hanwha Solutions reported a Scope 1 emissions intensity of 44.49 tCO₂e per millions USD. Compared to the peer group median of 6.75 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Hanwha Solutions rank on GHG emissions intensity within its industry?
In 2023, Hanwha Solutions ranked 16 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hanwha Solutions is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Hanwha Solutions's Total Carbon Footprint
In 2023, Hanwha Solutions reported a total carbon footprint of 9,585,506 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Hanwha Solutions's total carbon footprint was Scope 3 emissions, accounting for 70.83% of the company's total carbon footprint, followed by Scope 2 emissions at 24.35%. a