- High interest rates, inflation, and sluggish growth
- Concerns about the climate crisis due to extreme weather events
- Supply chain disruptions due to ESG management and associated risks
- Climate litigation risks
- Negative perceptions of the chemical sector
- Increasing demand for climate-related disclosures and ESG assessment results
- Water shortage issues in Ulsan
- Risks related to internal control over the selection of research equipment maintenance companies
Hanwha Solutions Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hanwha Solutions Corporation disclosed greenhouse gas emissions of 2.5M tCO2e/year. By scope: Scope 1: 357.6K tCO2e/year; Scope 2: 2.1M tCO2e/year; Scope 3: 6.8M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.5M tCO2e/year
2023
Renewable Energy
1.8%
of total energy
Water Usage
15.8M tons/year
2023
Waste
101.2K tons/year
2023
Energy Use
48.5M GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 357.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.1M tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.8M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.5M tCO2e/year |
| 2022 | 2.5M tCO2e/year (Scope 1 & 2) |
| 2020 | 2.4M tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions by 20.7 thousand tons in 2023 (12% reduction compared to the base year)
- Secured 92.2 GWh of renewable energy in 2023 (29% increase from 2022)
- Reduced energy consumption by about 2GWh in 2023 through LED lighting replacement
- Reduced GHG emissions by approximately 7,000 tons in 2023 through by-product hydrogen utilization
- Completed LCA assessments for 202 products in 2023
- Achieved a 'Leadership (A-)' score in CDP Water Security
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 13% by 2030
- Reduce waste disposal by 32% by 2030
- Reduce air pollutants by 36% by 2030
- Reduce GHG emissions by 35% by 2030 (Scope 1 and 2)
📅 Medium-term
- Achieve 60% reduction in Scope 1 and 2 GHG emissions by 2040
- Achieve 100% renewable electricity usage by 2050
- Supply 10,000 tons of rPE per year by 2027
🔭 Long-term
- Achieve Net Zero emissions by 2050
- Expand into the cultured meat business by 2030
🌱 ESG Focus Areas
Climate Change Response and Net ZeroReducing Environmental ImpactSustainable Products and TechnologiesSafety and Health ManagementESG Management in the Supply ChainTransparent and ethical governanceCompliance and Ethics Management