- Global economic downturn and reduced shipbuilding orders due to the COVID-19 pandemic.
- Stricter environmental regulations (IMO) requiring development of eco-friendly technologies.
- Risks associated with climate change, including GHG emissions.
- Maintaining safety in the workplace and preventing serious accidents.
- Securing and retaining talent in a competitive market.
- Managing risks related to supply chain disruptions.
Korea Shipbuilding & Offshore Engineering (KSOE)
Greenhouse gas emissions & sustainability report data
In its 2020 reporting, Korea Shipbuilding & Offshore Engineering (KSOE) disclosed greenhouse gas emissions of 523.4K tCO2e. By scope: Scope 1: 209.5K tCO2e; Scope 2: 300.2K 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
523.4K tCO2e
2020
Water Usage
3.1M tons
2020
Waste
31.6K tons
2020
Energy Use
8.5K TJ
2020
📊 Emissions by Scope (2020)
| 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). | 209.5K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 300.2K tCO2e |
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 |
|---|---|
| 2020 | 523.4K tCO2e |
| 2019 | 509.8K tCO2e |
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 more than 5% (HHI), exceeding the initial goal of at least 5% reduction compared to GHG allowances.
- Reduced nitrogen oxides by 52% from the allowance (HMD), and achieved 2% of the solvent-free paint usage.
- Reduced fine dust emissions by 13.5% from the 2014 level (HSHI), exceeding the set goal.
- Saved KRW 3.24 billion in energy costs (HMD) through energy-saving initiatives.
- Generated 72,597 tons of steam from waste heat and 1,500 MWh of electricity from wind turbines (HHI).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 15% from the 2015 level (HHI).
- Reduce nitrogen oxides by 30% from the allowance (HMD), and achieve 10% of the solvent-free paint usage.
- Reduce fine dust emissions by 27% from the 2014 level (HSHI).
📅 Medium-term
- Achieve carbon neutrality.
🌱 ESG Focus Areas
SafetyEnvironmental Management (including GHG emissions)ComplianceBusiness EthicsLabor-Management RelationsSocial ContributionR&D (eco-friendly technologies)Quality ManagementSupply Chain ManagementHuman Rights