- Delayed recovery of global demand
- China’s increased self-sufficiency in petrochemicals
- Global supply network crisis
- Volatile oil prices
- Increasingly proactive response demanded by the petrochemical industry on climate change (EU CBAM, UN plastic treaty)
Kumho Petrochemical Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Kumho Petrochemical Co., Ltd. disclosed greenhouse gas emissions of 3.3M tCO2e/year. By scope: Scope 1: 3.0M tCO2e/year; Scope 2: 313.5K tCO2e/year; Scope 3: 3.0M 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
3.3M tCO2e/year
2023
Energy Use
5.3M 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). | 3.0M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 313.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.0M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved 2023 greenhouse gas emissions targets (Scope 1, 2)
- Converted three corporate vehicles to zero-emission vehicles
- Established biodiversity vision and goals
- Achieved a 98.6% recycling rate at Yeosu Energy Plant 2 and obtained Gold Level ZWTL certification
- Established mid- to long-term goals for the company-wide waste recycling rate (90% by 2030)
- Obtained Green Company Designation for Ulsan Synthetic Resin Plant
- Obtained ISCC Plus Certification for BR, SSBR, SBR, NBR, HSR, SB-Latex, NB-Latex, ABS, PS, SAN
- Completed LCAs for five key product categories
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Conduct human rights impact assessments on all business sites
- Reach a 30% transition rate for zero-emission vehicles
- Complete and operate CCU facilities by 2025
📅 Medium-term
- Reduce carbon emissions by 29% compared to BAU by 2030
- Achieve a 90% company-wide waste recycling rate by 2030
- Achieve 100% transition rate for zero-emission vehicles by 2030
🔭 Long-term
- Achieve carbon neutrality by 2050
🌱 ESG Focus Areas
Climate change responseSafety and health improvementRecycled & recyclable products developmentEnvironmental management sophisticationHuman capital managementESG product portfolio managementProduct responsibility expansionSupply chain responsibility enhancementESG perspectives-based investmentESG management sophisticationESG information management and disclosureESG operational systems establishmentCompliance and risk management