Kumho Petrochemical
Kumho Petrochemical Co., Ltd., commonly referred to as Kumho Petrochemical, is a leading player in the petrochemical industry, headquartered in South Korea (KR). Established in 1970, the company has made significant strides in the production of synthetic rubber and various petrochemical products, serving diverse markets across Asia, Europe, and North America. Kumho Petrochemical is renowned for its innovative offerings, including high-performance synthetic rubbers and advanced materials that cater to the automotive, construction, and electronics sectors. The company’s commitment to research and development has positioned it as a key competitor in the global market, with notable achievements in sustainability and product quality. With a strong emphasis on technological advancement, Kumho Petrochemical continues to solidify its reputation as a trusted supplier in the petrochemical landscape.
DitchCarbon Score
How does Kumho Petrochemical's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kumho Petrochemical's score of 30 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kumho Petrochemical's reported carbon emissions
In 2023, Kumho Petrochemical, headquartered in South Korea (KR), reported total carbon emissions of approximately 3,322,947,000 kg CO2e. This figure includes Scope 1 emissions of about 3,009,402,000 kg CO2e, Scope 2 emissions of approximately 313,545,000 kg CO2e, and Scope 3 emissions amounting to around 5,271,699,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 3,473,210,000 kg CO2e, with Scope 1 at approximately 3,128,818,000 kg CO2e, Scope 2 at around 344,400,000 kg CO2e, and Scope 3 at about 5,779,332,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Kumho Petrochemical has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, while Kumho Petrochemical has made strides in emissions reporting, the lack of formal reduction commitments highlights an area for potential improvement in their climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,108,304,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 391,427,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 3,311,681,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kumho Petrochemical is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
