In 2024, Hanwha 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 has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 64,480a | 21,153a | 19,860a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 48,081a | 41,378a | 38,470a | |
Total Scope 3 | 3,029,916a | 6,285,031a | 3,600,718a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.7003a | 0.5087a | 0.4919a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hanwha amounted to 112,561 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 2023, the total operational greenhouse gas (GHG) emissions of Hanwha increased by 80.01%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hanwha were 64,480 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hanwha's Scope 1 emissions have decreased by 49.53%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hanwha's Scope 1 emissions increased by 204.83%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Hanwha reported Scope 2 greenhouse gas (GHG) emissions of 48,081 tCO₂e without specifying the calculation method.a
Since 2019, Hanwha's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hanwha's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Hanwha's Scope 2 emissions (Unspecified Calculation Method) rose by 16.2% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Hanwha reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hanwha reported 3,029,916 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 2024 disclosure of Hanwha includes a breakdown across 12 of 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
In 2024, Hanwha reported total Scope 3 emissions of 3,029,916 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 60.99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 39.01% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hanwha's Scope 3 emissions decreased by 51.79%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Hanwha reported emissions for 12 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.
In 2024, the largest contributors to Hanwha's Scope 3 emissions were:a
In 2024, Hanwha reported Scope 1 greenhouse gas (GHG) emissions of 64,480 tCO₂e and total revenues of USD 37,923 millions. This translates into an emissions intensity of 1.7 tCO₂e per millions USD.a
In 2024, Hanwha reported a Scope 1 emissions intensity of 1.7 tCO₂e per millions USD. Compared to the peer group median of 63.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hanwha ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hanwha among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Hanwha reported a total carbon footprint of 3,142,477 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 50.49% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hanwha's total carbon footprint was Scope 3 emissions, accounting for 96.42% of the company's total carbon footprint, followed by Scope 1 emissions at 2.05%.a