SK Innovation Co Ltd

Common Name
SK Innovation
Country
South Korea
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Employees
1,505
Ticker
096770
Exchange
KOREA EXCHANGE
Description
SK Innovation Co., Ltd. is a South Korean company that operates in the energy and chemical sectors, playing a pivotal role in both domestic and global markets. Primarily focused on oil refining and th...

SK Innovation's Climate Target Data Preview

As of 2024, SK Innovation has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into SK Innovation ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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c
2030
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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b
2045
Absolute-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2050
Intensity-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Fixed Assets
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a, b
2030
Intensity-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Fixed Assets
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a, b
2050
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind SK Innovation’s Climate Targets 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 SK Innovation’s data sources below and access millions more through our Disclosure Search.

a. SK Innovation's Sustainability Report 2023
a. SK Innovation's Sustainability Report 2023
b. SK Innovation's Financial & Extra-Financial Disclosure 2022
b. SK Innovation's Financial & Extra-Financial Disclosure 2022
c. SK Innovation's Integrated Report 2024
c. SK Innovation's Integrated Report 2024

Insights into SK Innovation's Greenhouse Gas Emissions Pathways

As of 2024, SK Innovation has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b c

Does SK Innovation have a target to reduce the emissions from its operations?

As of 2024, SK Innovation has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. c

SK Innovation's most ambitious operational target is to reduce these emissions by 29.68% by 2030, compared to a baseline of 12,670,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. c

As of 2024, SK Innovation is lagging behind on its operational emissions reduction target, having achieved 6.37% of the planned reduction. c

SK Innovation's Operational (Scope 1+2) Emissions Pathway

20192024203003.5 M7 M10.5 M14 MCurrent (-2%)Target 2030 (-30%)

Does SK Innovation have a target to reduce the emissions from its value chain?

As of 2024, SK Innovation has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a b

SK Innovation's most ambitious value chain target is to reduce these emissions by 90% by 2050, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per South Korean Won (KRW) of Fixed Assets in 2019. a b

a b

SK Innovation's Value Chain (Scope 3) Emissions Pathway

20192030205000000BaselineTarget 2030 (-75%)Target 2050 (-90%)
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