Samyang Foods

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Samyang Foods disclosed greenhouse gas emissions of 64.2K tCO2e/year. By scope: Scope 1: 44.6K tCO2e/year; Scope 2: 19.6K 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
64.2K tCO2e/year
2023
⚡
Renewable Energy
2.3% (based on 2023 data)
of total energy
💧
Water Usage
402.7K tons/year
2023
♻️
Waste
13.0K tons/year
2023
⚙️
Energy Use
1.4K TJ/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).44.6K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.19.6K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce waste emission intensity by 5%
  • Achieve a 5% annual reduction in water usage

📅 Medium-term

  • Achieve a 35% reduction in GHG emissions by 2030 compared to 2023 levels
  • Achieve a recycling rate of 100% by 2030

🔭 Long-term

  • Achieve carbon neutrality by 2050

🌱 ESG Focus Areas

Climate ActionEco-friendly ProductsCustomer Health and NutritionProduct Safety and Quality AssuranceResponsible Business Conduct

⚠️ Challenges & Risks +

  • Increased GHG emissions driven by significant business growth
  • Increased waste emission intensity due to increased total production and doubled operational capacity at Miryang Plant
  • Supply chain disruptions due to climate change
  • Growing stakeholder demands for climate change information disclosure
  • Damage to business sites resulting from climate change

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards 2021, SASB, UN Global Compact's Sustainable Development Goals (SDGs)
Assurance: Korea Management Registrar (KMR)