- Concerns about loss of promising talent and decline in content quality due to decline in employee job satisfaction.
- Possible violation of human rights of stakeholders due to lack of preemptive response to human rights risks.
- Various legal compliance issues due to unfair trade and resulting in financial and non-financial losses.
- Sales decrease due to negative corporate image spread caused by greenwashing issues with MD and etc.
- Reduced artist competitiveness due to content quality and limitations in developing fan markets.
- Costs incurred due to failure to manage waste discharge.
- Risks that unexpected accidents may occur, such as non-compliance with safety laws, disasters, and safety accidents.
SM Entertainment Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SM Entertainment Co., Ltd. disclosed greenhouse gas emissions of 1.1M tCO2e (Scope 1) + 1639.4 tCO2e (Scope 2) (2023). By scope: Scope 1: 1.1M tCO2e (2023); Scope 2: 1.6K tCO2e (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
1.1M tCO2e (Scope 1) + 1639.4 tCO2e (Scope 2) (2023)
2023
Water Usage
58.9K tons (2023)
2023
Waste
310.6 tons (2023)
2023
Energy Use
22.7K TJ (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). | 1.1M tCO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6K tCO2e (2023) |
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 |
|---|---|
| 2023 | 1.1M tCO2e (Scope 1) + 1639.4 tCO2e (Scope 2) (2023) |
| 2022 | 740 tCO2e (Scope 1); 1224.9 tCO2e (Scope 2) |
| 2021 | 1.5K tCO2e (Scope 1+2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Created the KWANGYA Forest to preserve biodiversity, winning the grand prize at the Seoul Metropolitan City's Green City Award.
- Increased the use of eco-friendly materials in album and MD production.
- Used upcycled materials for New Year's kits and some MD.
- Removed album advertisement inserts starting April 2024.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Establish a local Multi Production system in America, Japan, and Southeast Asia by 2025.
🔭 Long-term
- Net-zero emissions by 2050
🌱 ESG Focus Areas
Climate Change Response & Greenhouse Gas Emissions ManagementEco-friendly MD and Service & Waste ManagementProtection of Nature and EcosystemHuman Rights ManagementTalent ManagementSupply Chain Management And Joint GrowthContribution to Local Community and Social ImpactEthics and Compliance ManagementFair Trade and Intellectual Property ProtectionBoard Effectiveness, Independence, Expertise, Diversity & Evaluation and Relevance of Remuneration