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 2023, 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 14 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 2023
a. SK Networks's Sustainability Report 2023

Insights into SK Networks's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of SK Networks amounted to 38,698.3 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 Networks decreased by 4.42%, 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

20212022202303 k6 k9 k12 ktCO2e+2%-10%
  • Total Scope 1
  • Year-over-Year Change

What are SK Networks's Scope 1 emissions?

In 2023, the total Scope 1 emissions of SK Networks were 9,287.4 metric tons of CO₂ equivalent (tCO₂e). a

Has SK Networks reduced its Scope 1 emissions over time?

Since 2021, SK Networks's Scope 1 emissions have decreased by 8.16%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), SK Networks's Scope 1 emissions decreased by 10.09%, 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 2023, SK Networks reported Scope 2 greenhouse gas (GHG) emissions of 27,203.3 tCO₂e using the market-based method and 29,410.9 tCO₂e 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. a

Compared to the previous year (2022), 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 2023, 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

20212022202308 k16 k24 k32 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into SK Networks's Value Chain Emissions

In 2023, SK Networks reported 3,566,675.5 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 Networks includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, down from 14 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

SK Networks's Scope 3 Emissions Over Time

20212022202301.5 M3 M4.5 M6 MtCO2e-33%+16%
  • Total Scope 3
  • Year-over-Year Change

What are SK Networks's Scope 3 emissions?

In 2023, SK Networks reported total Scope 3 emissions of 3,566,675.5 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 21.55% of these emissions originated from upstream activities such as purchased goods and capital goods, while 78.45% 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 emissions have decreased by 22.17%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), SK Networks's Scope 3 emissions increased by 15.61%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does SK Networks disclose?

In 2023, 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 2023, the largest contributors to SK Networks's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 1,896,034.5 tCO₂e (53.16%)
  • Downstream Leased Assets (Cat. 13): 679,718.2 tCO₂e (19.06%)
  • Purchased Goods and Services (Cat. 1): 635,773.1 tCO₂e (17.83%)

SK Networks's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(53.2%)Downstream LeasedAssets (Cat. 13)(19.1%)Purchased Goods andServices (Cat. 1)(17.8%)

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

In 2023, SK Networks reported Scope 1 greenhouse gas (GHG) emissions of 9,287.4 tCO₂e and total revenues of USD 7,148 millions. This translates into an emissions intensity of 1.3 tCO₂e 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)HHHPLIG 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: 2023Scope 1: 617 tCO2eRevenue: $M 32,286Scope 1 Intensity: 0.02 tCO2e/$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: 2023Scope 1: 14,154 tCO2eRevenue: $M 2,993Scope 1 Intensity: 4.73 tCO2e/$MHHHD Hyundai InfracoreYear: 2023Scope 1: 29,872 tCO2eRevenue: $M 3,646Scope 1 Intensity: 8.19 tCO2e/$MSKYear: 2024Scope 1: 9,891,457 tCO2eRevenue: $M 84,974Scope 1 Intensity: 116.41 tCO2e/$MDoosan BobcatYear: 2023Scope 1: 52,458 tCO2eRevenue: $M 7,637Scope 1 Intensity: 6.87 tCO2e/$MPan OceanYear: 2023Scope 1: 2,678,713 tCO2eRevenue: $M 3,413Scope 1 Intensity: 784.91 tCO2e/$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: 2023Scope 1: 3,928 tCO2eRevenue: $M 9,116Scope 1 Intensity: 0.43 tCO2e/$MHD KSOEYear: 2024Scope 1: 3,201 tCO2eRevenue: $M 17,406Scope 1 Intensity: 0.18 tCO2e/$MSamsung Heavy IndustriesYear: 2024Scope 1: 315,969 tCO2eRevenue: $M 6,749Scope 1 Intensity: 46.82 tCO2e/$MDoosanYear: 2023Scope 1: 183,864 tCO2eRevenue: $M 14,971Scope 1 Intensity: 12.28 tCO2e/$MGS HoldingsYear: 2023Scope 1: 15,064,399 tCO2eRevenue: $M 20,330Scope 1 Intensity: 740.99 tCO2e/$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: 2023Scope 1: 9,287 tCO2eRevenue: $M 7,148Scope 1 Intensity: 1.30 tCO2e/$M

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

In 2023, SK Networks reported a Scope 1 emissions intensity of 1.3 tCO₂e per millions USD. Compared to the peer group median of 4.92 , 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 2023, SK Networks ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

SK Networks is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into SK Networks's Total Carbon Footprint

In 2023, SK Networks reported a total carbon footprint of 3,605,373.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.35% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to SK Networks's total carbon footprint was Scope 3 emissions, accounting for 98.93% of the company's total carbon footprint, followed by Scope 2 emissions at 0.82%. a

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