SK ecoplant
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:33,242 tCO2e/year
Scope 1 Emissions:7,557 tCO2e/year
Scope 2 Emissions:25,685 tCO2e/year
Scope 3 Emissions:1,787,739 tCO2e/year
Renewable Energy Share:5.16%
Total Energy Consumption:657,596 GJ/year
Water Consumption:647,376 m3/year
Waste Generated:474,582 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Resource Circulation
- Waste Zero
- Net Zero
- Safety
- Ethical Management
- Compliance
- Human Rights
- Quality
- Win-win Growth
- Social Contribution
Environmental Achievements
- Achieved 99% waste recycling rate in 2021
- Reduced GHG emissions by 381 tons compared to the previous year (33,242 tons total)
- Increased incineration ash recycling rate to 79%
- Maximized steam and electricity production from waste heat, reducing CO2 emissions by approximately 108,000 tons per year
- 5% renewable energy share of total power consumption (2.9 GWh renewable energy use)
Social Achievements
- Achieved an LTIR of 0.339 (aiming for 0.24 or less in 2022)
- Zero serious accidents in 2021
- Created KRW 757.4 billion in social value in 2021
- Increased employment rate for people with disabilities to 3.34%
- Increased ratio of female staff to 13% and female managers to 5.2%
Governance Achievements
- Established ESG Committee and Net Zero Transition Council
- Enacted Governance Charter
- Introduced electronic voting system
- Achieved grade A- in CDP 2021
- Zero violations of environmental regulations
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2040
Medium-term Goals:
- Reduce Scope 1 & 2 GHG emissions by 42% by 2030 (compared to 2021)
- Reduce Scope 3 GHG emissions by 17% by 2030 (compared to 2021)
- Achieve 30% renewable energy by 2025
- Achieve RE100 target by 2030
Short-term Goals:
- Become Asia's leading environmental company by 2023
- Reduce LTIR by 22% by 2025
- Achieve an LTIR of 0.24 or less in 2022
- Achieve “A” or higher in CP evaluation in 2022, “AA” in 2023
Environmental Challenges
- Supply chain disruptions
- Aging waste industry infrastructure
- Climate change impacts on construction (extreme weather, high temperatures)
- Meeting Zero Energy Building certification regulations
- Decreasing demand for coal-powered plants
Mitigation Strategies
- Bolt-on acquisitions of incineration and landfill companies
- AI and DT solutions for optimizing incinerator operations
- Investment in clean technologies (CCU, CCUS, fuel cells, renewable energy)
- Development of energy-efficient buildings and eco-friendly materials (K-eco bar)
- Expansion of renewable energy business
Supply Chain Management
Supplier Audits: 100 Biz. Partners underwent ESG risk assessment in 2021
Responsible Procurement
- Supplier Code of Conduct
- ESG rating model for suppliers
- Green purchasing scheme
- Biz. Partners ESG Level-up Program
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (typhoons) causing construction delays
- High temperatures and increased precipitation causing construction delays
Transition Risks
- Zero Energy Building certification requirements increasing construction costs
- Decreasing demand for coal-powered plants
Opportunities
- Expansion of carbon credit business
- Increased demand for clean housing technology
- Increased demand for low-carbon industrial complexes
Reporting Standards
Frameworks Used: GRI Standards (Core option), ISO 26000, UN SDGs, TCFD, SASB
Certifications: ISO 14001, ISO 45001, ISO 9001, KEPIC, ASME
Third-party Assurance: Korea Management Registrar (KMR)
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 11 (Sustainable cities and communities)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
- Goal 17 (Partnerships for the goals)
Initiatives contribute to these goals through various ESG programs and projects
Sustainable Products & Innovation
- K-eco bar
- Zero Energy Buildings
- Long-life Houses
- Eco-friendly hydrogen
- Plastic recycling
Awards & Recognition
- Numerous awards listed in the report (see pages 108-109)