Reducing Scope 3 Emissions < Road to Net Zero < Sustainability

Sustainability
Road to Net Zero
Reducing Scope 3 Emissions

Road to Net Zero

Achieving Net Zero

SK Innovation 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.

Sustainability
Road to Net Zero
Reducing Scope 3 Emissions

Reducing Scope 3 emission

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

SK Innovation established the carbon reduction roadmap for Scope 3 across the company and all subsidiaries in 2022 and plans to take sincere actions and create continuous results based on this roadmap, thus contributing to worldwide carbon reduction efforts.

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