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Road to Net Zero

Achieving Net Zero

SK Innovation subsidiaries will make aggressive investments and speed up technology development to facilitate low-carbon operations and slash its carbon emissions. The company will communicate its actual progress towards net zero, which of course includes specific carbon reduction data, with external stakeholders and make devoted endeavors to reach net zero with sincere commitment and responsibility.

Reducing Scope 3 Emissions

75 % reduction of the financial Intensity of SK Innovation and its subsidiaries in 2030 compared to 2019
25 % reduction of the absolute Scope 3 emissions of the energy and chemical biz. in 2030 compared to 2019

To effectively reduce carbon emissions, the SK Innovation subsidiaries have established a road map for the comprehensive reduction of Scope 3 emissions, encompassing their major subsidiaries, in 2022.
The energy and chemical business, which main source of carbon emissions of Scope 3, has set a absolute amount of 25% reduction in 2030 and 70% reduction in 2050 compared to 2019 based on Scope 3 absolute green gas emissions, and is making efforts to reduce them directly through the conversion of Biz Portfolio. (*See ESG Report and ESG Data Platform links below for details.)

2025 Mid-to-long term Roadmap
Manage Scope 3 Emissions Considering Business Characteristics and
Alongside the Carbon to Green Strategy
Net Zero Portfolio
Set and manage “carbon emissions in Scope 3 emission per unit of fixed asset” as an indicator representing the company’s diversified portfolio that includes energy, chemicals, battery and materials.
75 % cut by 2030 compared to 2019, 90 % cut by 2050
Net Zero Sales
Set and manage reduction targets in an absolute amount for the energy and chemical business, the main source of carbon emissions in Scope 3.
25 % cut by 2030 compared to 2019, 70 % cut by 2050