- Depletion of reserves due to continued production
- Increased water production blocking some reservoirs
- Low oil prices impacting profitability
- Geopolitical unrest in some operating regions
- COVID-19 pandemic impacting business operations and the global economy
Korea National Oil Corporation (KNOC)
Greenhouse gas emissions & sustainability report data
In its 2019 reporting, Korea National Oil Corporation (KNOC) disclosed greenhouse gas emissions of 6.8K tCO2e. By scope: Scope 1: 612 tCO2e; Scope 2: 6.2K tCO2e. 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
6.8K tCO2e
2019
Water Usage
825.7K m3
2019
Waste
534.35 tons
2019
📊 Emissions by Scope (2019)
| 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). | 612 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.2K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced GHG emissions by 113% over target in 2019
- Reduced VOCs emissions by 55.5% using optical inspection equipment
- Zero oil spills in the last 3 years at domestic workplaces
- Completed 275kW solar power generation facilities in Seosan, Donghae, and Yongin storage sites
🌱 ESG Focus Areas
Stable oil production and supplyCustomer-oriented serviceFinancial soundness based on management efficiencyFuture growth engines from new energy businessContribution to the development of local communitiesRisk management for oil development businessRisk management for business partners’ sustainabilityFair trade cultureProtection of the rights of indigenous people near the workplacePrivacy and information securityJob creation and employmentWin-win culture for shared growthAdvanced safety and health management systemCompliance with environmental laws and policiesPrevention of soil and marine pollution due to oil spillSite safety and disaster responseEnergy saving and GHG emission reductionEmployee training and capability improvement