In 2024, KakaoPay 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).
KakaoPay has also provided a category-level breakdown for 7 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 | 137.031a | 171.977b | 18.1a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 5,239.412a | 4,292.9a | 2,027.8a | |
Total Scope 3 | 6,017.518a | 7,111.715b | 36.4a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2624a | 0.3571b | 0.0438a |
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In 2024, the total operational greenhouse gas (GHG) emissions of KakaoPay amounted to 5,376.443 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 KakaoPay increased by 20.42%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of KakaoPay were 137.031 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, KakaoPay's Scope 1 emissions have increased by 1,457.17%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), KakaoPay's Scope 1 emissions decreased by 20.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, KakaoPay reported Scope 2 greenhouse gas (GHG) emissions of 5,239.412 tCO₂e without specifying the calculation method.a
Since 2020, KakaoPay's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 484.49%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), KakaoPay's Scope 2 emissions (Unspecified Calculation Method) rose by 22.05% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, KakaoPay reported its Scope 2 emissions using an unspecified methodology.a
In 2024, KakaoPay reported 6,017.518 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 KakaoPay includes a breakdown across 7 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, KakaoPay reported total Scope 3 emissions of 6,017.518 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 96.52% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.48% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, KakaoPay's Scope 3 emissions have increased by 23,133.66%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), KakaoPay's Scope 3 emissions decreased by 15.39%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, KakaoPay reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to KakaoPay's Scope 3 emissions were:a
In 2024, KakaoPay reported Scope 1 greenhouse gas (GHG) emissions of 137.031 tCO₂e and total revenues of USD 522 millions. This translates into an emissions intensity of 0.26 tCO₂e per millions USD.a
In 2024, KakaoPay reported a Scope 1 emissions intensity of 0.26 tCO₂e per millions USD. Compared to the peer group median of 0.36, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, KakaoPay ranked 8 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
KakaoPay is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, KakaoPay reported a total carbon footprint of 11,393.961 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.58% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to KakaoPay's total carbon footprint was Scope 3 emissions, accounting for 52.81% of the company's total carbon footprint, followed by Scope 2 emissions at 45.98%.a