- Strengthening policies and regulations for climate change mitigation (emissions trading system, U.S. Clean Competition Act, EU Carbon Border Adjustment Mechanism, EU Deforestation Regulation)
- Physical risks from abnormal weather (extreme weather events causing damage to assets and production interruptions)
- Increased costs for purchasing emission permits due to strengthened regulations
Moorim Paper, Moorim SP, and Moorim P&P
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Moorim Paper, Moorim SP, and Moorim P&P disclosed greenhouse gas emissions of 430.3K tCO2e/year (2023). By scope: Scope 1: 112.6K tCO2e/year (2023); Scope 2: 139.0K tCO2e/year (2023); Scope 3: 178.7K tCO2e/year (2023). 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
430.3K tCO2e/year (2023)
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). | 112.6K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 139.0K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 178.7K tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by an estimated 800,000 tons in 2023 through biomass fuel use; Sales of environmentally certified products accounted for 48% of total sales in 2023 (Moorim Paper 40.2%, Moorim SP 53.9%, Moorim P&P 84.4%)
- Achieved several milestones in environmental certifications: first FSC® certification among Korean paper manufacturers (Moorim Paper, 2007), first carbon footprint certification for coated paper in Korea (2011), first low-carbon product certification in Korean paper industry (Moorim P&P, 2013), and first biodegradable certification ‘OK compost’ in the Korean paper industry (Moorim SP, 2020).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 25% by 2030 compared to 2022 (Moorim Paper & Moorim P&P)
- Conduct regular supply chain ESG inspections and establish supply chain ESG management policies.
📅 Medium-term
- Achieve 25% reduction in Scope 1 and 2 emissions by 2030 (Moorim Paper & Moorim P&P); Moorim P&P aims for 45% reduction.
- Expand ESG support for suppliers and build a web-based ESG evaluation system.
🔭 Long-term
- Achieve carbon neutrality by 2050
🌱 ESG Focus Areas
Climate Change