In 2024, SK Hynix 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 Hynix 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 | 3,762,584a | 2,338,090a | 2,942,757a | |
Total Scope 2 | ||||
Market-Based | N/A | N/A | N/A | |
Location-Based | 3,812,119a | 4,986,890a | 6,139,877a | |
Total Scope 3 | 3,732,101a | 2,951,027a | 3,537,388a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 83.4104a | 108.0935a | 83.1131a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SK Hynix amounted to 7,574,703 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 Hynix increased by 3.41%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SK Hynix were 3,762,584 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, SK Hynix's Scope 1 emissions have increased by 76.97%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SK Hynix's Scope 1 emissions increased by 60.93%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SK Hynix reported Scope 2 greenhouse gas (GHG) emissions of 3,812,119 tCO₂e using the location-based method.a
Since 2019, SK Hynix's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 19.12%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), SK Hynix's Scope 2 emissions (Location-Based) fell by 23.56% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, SK Hynix reported its Scope 2 emissions using the location-based method.a
In 2024, SK Hynix reported 3,732,101 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 Hynix 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, SK Hynix reported total Scope 3 emissions of 3,732,101 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, SK Hynix's Scope 3 emissions have increased by 37.6%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), SK Hynix's Scope 3 emissions increased by 26.47%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, SK Hynix 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 SK Hynix's Scope 3 emissions were:a
In 2024, SK Hynix reported Scope 1 greenhouse gas (GHG) emissions of 3,762,584 tCO₂e and total revenues of USD 45,109 millions. This translates into an emissions intensity of 83.41 tCO₂e per millions USD.a
In 2024, SK Hynix reported a Scope 1 emissions intensity of 83.41 tCO₂e per millions USD. Compared to the peer group median of 10.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SK Hynix ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places SK Hynix among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, SK Hynix reported a total carbon footprint of 11,306,804 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.03% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SK Hynix's total carbon footprint was Scope 2 emissions, accounting for 33.72% of the company's total carbon footprint, followed by Scope 1 emissions at 33.28%.a