SK Innovation Co Ltd
SK Innovation's GHG Emissions Data Preview
In 2023, SK Innovation 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 Innovation has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind SK Innovation’s Greenhouse Gas (GHG) Emissions Data
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Insights into SK Innovation's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of SK Innovation amounted to 11,654,901 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 2022, the total operational greenhouse gas (GHG) emissions of SK Innovation increased by 4.59%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
SK Innovation's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SK Innovation's Scope 1 emissions?
In 2023, the total Scope 1 emissions of SK Innovation were 9,379,375 metric tons of CO₂ equivalent (tCO₂e). a
Has SK Innovation reduced its Scope 1 emissions over time?
Since 2019, SK Innovation's Scope 1 emissions have decreased by 7.86%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), SK Innovation's Scope 1 emissions increased by 2.88%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are SK Innovation's Scope 2 emissions?
In 2023, SK Innovation reported Scope 2 greenhouse gas (GHG) emissions of 2,275,526 tCO₂e without specifying the calculation method. a
Has SK Innovation reduced its Scope 2 emissions over time?
Since 2019, SK Innovation's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that SK Innovation 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2022), SK Innovation's Scope 2 emissions (Unspecified Calculation Method) rose by 12.29% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does SK Innovation use for Scope 2 reporting?
In 2023, SK Innovation reported its Scope 2 emissions using an unspecified methodology. a
SK Innovation's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into SK Innovation's Value Chain Emissions
In 2023, SK Innovation reported 137,565,511 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 2023 disclosure of SK Innovation includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
SK Innovation's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SK Innovation's Scope 3 emissions?
In 2023, SK Innovation reported total Scope 3 emissions of 137,565,511 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 18.62% of these emissions originated from upstream activities such as purchased goods and capital goods, while 81.38% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has SK Innovation reduced its Scope 3 emissions over time?
Since 2019, SK Innovation's Scope 3 emissions have remained relatively stable, indicating that SK Innovation 's emissions have plateaued with no significant change in its value chain footprint. a b
Compared to the previous year (2022), SK Innovation's Scope 3 emissions remained relatively stable, indicating that SK Innovation 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does SK Innovation disclose?
In 2023, SK Innovation reported emissions for 9 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.
What are the main sources of SK Innovation's Scope 3 emissions?
In 2023, the largest contributors to SK Innovation's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 104,232,200 tCO₂e (75.77%)
- Purchased Goods and Services (Cat. 1): 23,316,200 tCO₂e (16.95%)
- End-of-Life Treatment of Sold Products (Cat. 12): 7,715,900 tCO₂e (5.61%)
SK Innovation's Scope 3 Emissions by Categories
Insights into SK Innovation’s GHG Emissions Intensity Compared to Industry Peers
In 2023, SK Innovation reported Scope 1 greenhouse gas (GHG) emissions of 9,379,375 tCO₂e and total revenues of USD 60,484 millions. This translates into an emissions intensity of 155.07 tCO₂e per millions USD. a
SK Innovation's Scope 1 Emissions Intensity Compared to Peers
How does SK Innovation's GHG emissions intensity compare to its peers?
In 2023, SK Innovation reported a Scope 1 emissions intensity of 155.07 tCO₂e per millions USD. Compared to the peer group median of 181.29, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does SK Innovation rank on GHG emissions intensity within its industry?
In 2023, SK Innovation ranked 8 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
SK Innovation is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into SK Innovation's Total Carbon Footprint
In 2023, SK Innovation reported a total carbon footprint of 149,220,412 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.15% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to SK Innovation's total carbon footprint was Scope 3 emissions, accounting for 92.19% of the company's total carbon footprint, followed by Scope 1 emissions at 6.29%. a