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SK Networks Co Ltd

Common Name
SK Networks
Country
South Korea
Sector
Industrials
Industry
Conglomerates
Employees
1,237
Ticker
001740
Exchange
KOREA EXCHANGE
Description
Sk Networks Co. Ltd. is a South Korean corporation engaged in diversified business operations, including energy, telecommunications, and trading. As a key player in these sectors, the company primaril...

SK Networks's GHG Emissions Data Preview

In 2024, SK Networks 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 Networks has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind SK Networks’s Greenhouse Gas (GHG) Emissions 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 Networks’s data sources below and access millions more through our Disclosure Search.

a. SK Networks's Sustainability Report 2024
a. SK Networks's Sustainability Report 2024
b. SK Networks's Sustainability Report 2023
b. SK Networks's Sustainability Report 2023

Insights into SK Networks's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSK Networks amounted to37,948.8metric 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 Networksdecreased by 1.94%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

SK Networks's Scope 1 Emissions Over Time

202120222023202403 k6 k9 k12 ktCO2e+2%-10%-6%
  • Total Scope 1
  • Year-over-Year Change

What are SK Networks's Scope 1 emissions?

In 2024, the total Scope 1 emissions of SK Networks were 8,726.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has SK Networks reduced its Scope 1 emissions over time?

Since 2021, SK Networks's Scope 1 emissions have decreased by 13.71%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), SK Networks's Scope 1 emissions decreased by 6.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are SK Networks's Scope 2 emissions?

In 2024, SK Networks reported Scope 2 greenhouse gas (GHG) emissions of 26,474.4 tCOâ‚‚e using the market-based method and 29,222.5 tCOâ‚‚e using the location-based method.a

Has SK Networks reduced its Scope 2 emissions over time?

Since 2021, SK Networks's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that SK Networks's emissions have plateaued with no significant change in its energy consumption footprint.ab

Compared to the previous year(2023), SK Networks's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that SK Networks's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does SK Networks use for Scope 2 reporting?

In 2024, SK Networks reported its Scope 2 emissions using the market-based method and using the location-based method.a

SK Networks's Scope 2 Emissions Over Time

202120222023202408 k16 k24 k32 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into SK Networks's Value Chain Emissions

In 2024, SK Networks reported 556,215.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of SK Networks includes a breakdown across 13of the 15 Scope 3 categories defined by the GHG Protocol,up from 12 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

SK Networks's Scope 3 Emissions Over Time

202120222023202401.5 M3 M4.5 M6 MtCO2e-33%+16%-84%
  • Total Scope 3
  • Year-over-Year Change

What are SK Networks's Scope 3 emissions?

In 2024, SK Networks reported total Scope 3 emissions of 556,215.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 56.33%of these emissions originated from upstream activities such as purchased goods and capital goods, while 43.67%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has SK Networks reduced its Scope 3 emissions over time?

Since 2021, SK Networks's Scope 3 emissionshave decreased by 87.86%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), SK Networks's Scope 3 emissions decreased by 84.41%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does SK Networks disclose?

In 2024, SK Networks reported emissions for 13 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.

What are the main sources of SK Networks's Scope 3 emissions?

In 2024, the largest contributors to SK Networks's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 243,970.2 tCOâ‚‚e(43.86%)
  • Downstream Leased Assets (Cat. 13): 170,747.3 tCOâ‚‚e(30.7%)
  • Processing of Sold Products (Cat. 10): 52,789.9 tCOâ‚‚e(9.49%)

SK Networks's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(43.9%)Processing of SoldProducts (Cat. 10)(9.5%)Downstream LeasedAssets (Cat. 13)(30.7%)

Insights into SK Networks’s GHG Emissions Intensity Compared to Industry Peers

In 2024, SK Networks reported Scope 1 greenhouse gas (GHG) emissions of 8,726.3 tCOâ‚‚e and total revenues of USD 5,218 millions. This translates into an emissions intensity of 1.67 tCOâ‚‚e per millions USD.a

SK Networks's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,000100,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)THHHPTTTaihan Cable & SolutionYear: 2024Scope 1: 18,922 tCO2eRevenue: $M 2,243Scope 1 Intensity: 8.44 tCO2e/$MLIG Nex1Year: 2024Scope 1: 6,327 tCO2eRevenue: $M 2,233Scope 1 Intensity: 2.83 tCO2e/$MEcoProYear: 2024Scope 1: 369 tCO2eRevenue: $M 1,886Scope 1 Intensity: 0.20 tCO2e/$MCJYear: 2024Scope 1: 1,747,088 tCO2eRevenue: $M 29,744Scope 1 Intensity: 58.74 tCO2e/$MHHHD Hyundai ElectricYear: 2024Scope 1: 6,818 tCO2eRevenue: $M 2,264Scope 1 Intensity: 3.01 tCO2e/$MHyundai RotemYear: 2024Scope 1: 7,632 tCO2eRevenue: $M 2,983Scope 1 Intensity: 2.56 tCO2e/$MHyosung Heavy IndustriesYear: 2024Scope 1: 14,607 tCO2eRevenue: $M 3,336Scope 1 Intensity: 4.38 tCO2e/$MHD Hyundai Construction EquipmentYear: 2024Scope 1: 14,744 tCO2eRevenue: $M 2,343Scope 1 Intensity: 6.29 tCO2e/$MHHHD Hyundai InfracoreYear: 2024Scope 1: 25,260 tCO2eRevenue: $M 2,804Scope 1 Intensity: 9.01 tCO2e/$MSKYear: 2024Scope 1: 9,891,457 tCO2eRevenue: $M 84,974Scope 1 Intensity: 116.41 tCO2e/$MDoosan BobcatYear: 2024Scope 1: 65,760 tCO2eRevenue: $M 5,827Scope 1 Intensity: 11.28 tCO2e/$MPan OceanYear: 2024Scope 1: 2,959,210 tCO2eRevenue: $M 3,517Scope 1 Intensity: 841.34 tCO2e/$MHHHD Hyundai MipoYear: 2024Scope 1: 57,110 tCO2eRevenue: $M 3,155Scope 1 Intensity: 18.10 tCO2e/$MKorea Aerospace IndustriesYear: 2024Scope 1: 19,821 tCO2eRevenue: $M 2,476Scope 1 Intensity: 8.00 tCO2e/$MHD Hyundai Heavy IndustriesYear: 2024Scope 1: 309,407 tCO2eRevenue: $M 9,872Scope 1 Intensity: 31.34 tCO2e/$MHanwha AeroSpaceYear: 2024Scope 1: 37,211 tCO2eRevenue: $M 7,660Scope 1 Intensity: 4.86 tCO2e/$MDaewoo E&CYear: 2024Scope 1: 113,495 tCO2eRevenue: $M 7,158Scope 1 Intensity: 15.86 tCO2e/$MHD KSOEYear: 2024Scope 1: 3,201 tCO2eRevenue: $M 17,406Scope 1 Intensity: 0.18 tCO2e/$MDoosanYear: 2024Scope 1: 200,761 tCO2eRevenue: $M 12,357Scope 1 Intensity: 16.25 tCO2e/$MGS HoldingsYear: 2024Scope 1: 15,460,255 tCO2eRevenue: $M 17,240Scope 1 Intensity: 896.78 tCO2e/$MHanwha SystemsYear: 2024Scope 1: 640 tCO2eRevenue: $M 1,910Scope 1 Intensity: 0.33 tCO2e/$MHanwhaYear: 2024Scope 1: 64,480 tCO2eRevenue: $M 37,923Scope 1 Intensity: 1.70 tCO2e/$MPosco InternationalYear: 2024Scope 1: 7,635,243 tCO2eRevenue: $M 22,040Scope 1 Intensity: 346.43 tCO2e/$MPPPosco Future MYear: 2024Scope 1: 1,885,309 tCO2eRevenue: $M 2,521Scope 1 Intensity: 747.71 tCO2e/$MLS ElectricYear: 2024Scope 1: 15,259 tCO2eRevenue: $M 3,102Scope 1 Intensity: 4.92 tCO2e/$MSK NetworksYear: 2024Scope 1: 8,726 tCO2eRevenue: $M 5,218Scope 1 Intensity: 1.67 tCO2e/$M

How does SK Networks's GHG emissions intensity compare to its peers?

In 2024, SK Networks reported a Scope 1 emissions intensity of 1.67 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does SK Networks rank on GHG emissions intensity within its industry?

In 2024, SK Networks ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places SK Networks among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into SK Networks's Total Carbon Footprint

In 2024, SK Networks reported a total carbon footprint of 594,164.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 83.52% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to SK Networks's total carbon footprint was Scope 3 emissions, accounting for 93.61% of the company's total carbon footprint, followed by Scope 2 emissions at 4.92%.a

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