Climate Change Data

Korea Petroleum Corporation

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:7579.59 tCO2e/year (2023)
Scope 1 Emissions:6042 tCO2e/year (2023)
Scope 2 Emissions:1537 tCO2e/year (2023)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:151.03 TJ (2023)
Water Consumption:55,607 m3/year (2023)
Waste Generated:Not disclosed
Carbon Intensity:0.227 tCO2-eq/ton (2023)

ESG Focus Areas

  • Climate Change
  • Carbon Neutrality
  • Resource Circulation
  • Ecosystem Conservation
  • Human Rights
  • Safety
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions to 7,579.59 tCO2eq in 2023 (7% increase compared to 2021 due to recycling facility operation).
  • Increased the number of environment-friendly vehicles to 3 in 2023.
  • Achieved zero industrial accident rate in 2023.

Social Achievements

  • Implemented various family-friendly programs, including flexible work arrangements and childcare support.
  • Conducted regular labor-management council meetings to enhance communication and collaboration.
  • Provided various welfare benefits to improve employee well-being.

Governance Achievements

  • Established an ESG committee within the board of directors to strengthen climate change response.
  • Implemented a robust ethics management system, including regular ethics training and a reporting channel for ethical concerns.
  • Regularly conducts internal audits to ensure compliance and prevent ethical risks.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050.
Medium-term Goals:
  • Reduce greenhouse gas emissions by 40% compared to the base year by 2040.
Short-term Goals:
  • Reduce greenhouse gas emissions to 7,077 tCO2eq by 2030.

Environmental Challenges

  • Increased energy consumption due to the expansion of chemical recycling facilities.
  • Potential risks associated with climate change, including extreme weather events and regulatory changes.
  • Need to enhance human rights management in line with evolving legal and social expectations.
Mitigation Strategies
  • Developing and implementing strategies to reduce carbon emissions, including energy efficiency improvements and renewable energy adoption.
  • Implementing a climate change response process to identify and manage material risks.
  • Establishing a comprehensive human rights management system, including risk assessments, mitigation plans, and grievance mechanisms.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Increased frequency of natural disasters
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts towards low-carbon products
  • Carbon pricing
Opportunities
  • Development of energy-efficient products and processes
  • Expansion of renewable energy adoption
  • Development of carbon capture technologies

Reporting Standards

Frameworks Used: GRI Standards, TCFD Framework, SASB Index

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Environmentally friendly products

Awards & Recognition

  • Not disclosed