- Uncertain external environment due to US-China trade disputes, the Russia-Ukraine war, and instability in the Middle East.
- Shrinking demand market due to high interest rates, high prices, and low growth.
- Intensified supply competition due to China's rising self-sufficiency rate in petrochemicals and the shift from export to import markets.
- Increased ESG policy demands from stakeholders, expansion of ESG-related trade regulations, and strengthening of ESG supply chain due diligence by client companies.
Taekwang Industrial Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023.01.01~2023.12.31 reporting, Taekwang Industrial Co., Ltd. disclosed greenhouse gas emissions of 583.0K tCO2-e/year. By scope: Scope 1: 583.0K tCO2-e/year; Scope 2: 351.1K tCO2-e/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
583.0K tCO2-e/year
2023.01.01~2023.12.31
Renewable Energy
172 TJ / 12829 TJ = 1.34%
of total energy
Water Usage
19.4M tons/year
2023.01.01~2023.12.31
Waste
17.7K tons/year
2023.01.01~2023.12.31
Energy Use
12.8K TJ/year
2023.01.01~2023.12.31
📊 Emissions by Scope (2023.01.01~2023.12.31)
| 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). | 583.0K tCO2-e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 351.1K tCO2-e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Introduced solar power facilities at chemical fiber plants to secure renewable energy infrastructure.
- GRS certification obtained for nylon and low-melting fiber (LMF) products using recycled materials.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption within legal limits and maximize reuse of water resources.
📅 Medium-term
- Expand renewable energy use, primarily through solar power facilities (2024).
🔭 Long-term
- Achieve a 15% reduction in greenhouse gas emissions by 2030 compared to 2018 levels.
🌱 ESG Focus Areas
Climate Change ResponseEco-friendly Product ExpansionHazardous Chemical Substance ManagementWorkplace Safety and HealthSustainable Supply Chain ConstructionEthics/Compliance ManagementEstablishment of Transparent and Sound Governance