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 Waste Data Preview

In 2023, SK Innovation conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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0000000
Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into SK Innovation's Waste Treatment Practices

In 2023, SK Innovation generated a total of 111,292 metric tonnes of waste.

Of this amount, 84.3% of SK Innovation's total waste generated was recovered through methods such as recycling, reuse, or composting, while 15.44% was disposed of through landfilling, incineration, or combustion.

SK Innovation's Waste Recovery Rate

84%

How much of SK Innovation's waste is recycled or recovered?

In 2023, SK Innovation reported a total waste generation of 111,292 metric tonnes, of which 84.3% was recovered through recycling, reuse, or composting. This high recovery rate suggests that SK Innovation has implemented strong circular economy practices and actively prioritizes sustainable waste management.

Has SK Innovation reduced its environmental waste footprint over time?

Since 2021, SK Innovation's total waste generation decreased by 6.1%, yet rose by 1.16% in 2023, potentially indicating a temporary operational shift or inconsistency in waste management outcomes.

Over the same period, SK Innovation's waste recovery rate remained relatively flat, but increased by 4.55% in 2023, hinting at early momentum toward stronger circularity practices or more robust waste treatment reporting.

Overall, SK Innovation’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.

SK Innovation’s Waste Recovery vs. Disposal Over Time

202120222023030 k60 k90 k120 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into SK Innovation’s Generation of Hazardous and Non-Hazardous Waste

In 2023, SK Innovation generated a total of 111,292 metric tonnes of waste.

Of this amount, 41.03% of SK Innovation's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 49.25% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. The remaining 9.72% was either treated using unspecified methods or not clearly categorized.

SK Innovation’s Hazardous vs Non-Hazardous Waste Over Time

202120222023030 k60 k90 k120 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How SK Innovation reduced the environmental impact of its waste?

Since 2021, SK Innovation's total waste generation fell by 6.1%, but rose by 1.16% in 2023 , potentially reflecting a temporary surge in activity or inconsistency in waste control strategies.

Over the same period, SK Innovation reduced the hazardousness of its waste by 7.31%, with a further 9.38% decline in 2023, suggesting a sustained and meaningful shift toward safer waste profiles and lower environmental impact.

Overall, SK Innovation's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.

How does SK Innovation treat its hazardous waste?

In 2023, SK Innovation reported that 45,665 metric tonnes of its total waste output were classified as hazardous. This represents 41.03% of its overall waste generation.

The company treated this hazardous waste using a combination of methods. A majority (80.86%) was diverted from disposal through recovery-oriented treatments such as recycling or reuse. This suggests that SK Innovation has established processes to reduce the environmental burden of its most harmful waste streams.

Breakdown of SK Innovation's Hazardous and Non-Hazardous Waste by Treatment Method

Hazardous WasteDisposed(8.4%)Hazardous WasteRecovered(36.9%)Non-Hazardous WasteDisposed(8.4%)Non-Hazardous WasteRecovered(46.3%)
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