In 2024, SK Chemicals 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).
SK Chemicals 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 | 408,724a | 357,287a | 372,861a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 130,825a | 120,877a | 125,117a | |
Total Scope 3 | 1,487,000a | 1,238,624a | 1,089,040a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 345.3275a | 261.0713a | 256.8905a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SK Chemicals amounted to 539,549 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 SK Chemicals increased by 12.84%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SK Chemicals were 408,724 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, SK Chemicals's Scope 1 emissions have increased by 457.71%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SK Chemicals's Scope 1 emissions increased by 14.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SK Chemicals reported Scope 2 greenhouse gas (GHG) emissions of 130,825 tCO₂e without specifying the calculation method.a
Since 2021, SK Chemicals's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 41.3%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), SK Chemicals's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that SK Chemicals's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, SK Chemicals reported its Scope 2 emissions using an unspecified methodology.a
In 2024, SK Chemicals reported 1,487,000 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 SK Chemicals 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, SK Chemicals reported total Scope 3 emissions of 1,487,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 43.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 56.94% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, SK Chemicals's Scope 3 emissions have increased by 99.33%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), SK Chemicals's Scope 3 emissions increased by 20.05%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, SK Chemicals 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 SK Chemicals's Scope 3 emissions were:a
In 2024, SK Chemicals reported Scope 1 greenhouse gas (GHG) emissions of 408,724 tCO₂e and total revenues of USD 1,184 millions. This translates into an emissions intensity of 345.33 tCO₂e per millions USD.a
In 2024, SK Chemicals reported a Scope 1 emissions intensity of 345.33 tCO₂e per millions USD. Compared to the peer group median of 56.8, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SK Chemicals ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places SK Chemicals among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, SK Chemicals reported a total carbon footprint of 2,026,549 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.04% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SK Chemicals's total carbon footprint was Scope 3 emissions, accounting for 73.38% of the company's total carbon footprint, followed by Scope 1 emissions at 20.17%.a