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Net-Zero

SK Square has established a strategy to achieve carbon neutrality by 2040 and we also actively participate in social activities to respond to the climate change crisis.

Net-Zero 2040

SK Square has set 2040, earlier than 2050, as the target year for achieving carbon neutrality, based on the RCP Scenario1) and the IPCC Special Report on Global Warming 1.5˚C2). This target is 10 years earlier than the national target(NDC) of 2050 for green house gas reduction. The RCP scenario considered RCP 4.5(moderate scenario) and RCP 8.5(unmitigated greenhouse gas emission growth). In order to limit the global average temperature rise by 1.5℃, we engage in direct reduction activities by shifting to electric vehicles and indirect reduction activities by purchasing renewable energy. We plan to continue to implement active climate change response activities by joining RE100 in the future.

  1. 1. Carbon emission reduction through “transition to electric vehicles”
  2. 2. Carbon emission reduction through“purchasing renewable energy”
2022 > 2040: Residual carbon emissions 2022 > 2050: Achieve Net-Zero 2040
  • Direct reduction Transportation transition through electric vehicles, etc.
  • Indirect reduction Purchase of renewable energy

1) Representative Concentration Pathways (RCP): Climate change scenarios by greenhouse gas concentrations

2) An analysis report on greenhouse gas emission pathways to limit the global average temperature rise to 1.5˚C compared to pre-industrial levels by 2100

Greenhouse Gas Emission Target
(Scope 1+2)

Estimated emissions(BAU 20211))
Unit tCO2eq
2030 713.6
2035 779.6
2040 849.4
Emission target2)
Unit tCO2eq
2030 308.9
2035 154.4
2040 0
Emission target ratio to BAU
Unit %
2030 43
2035 20
2040 0
Category Unit 2030 2035 2040
Estimated emissions
(BAU 20211))
tCO2eq 713.6 779.6 849.4
Emission target2) tCO2eq 308.9 154.4 0
Emission target
ratio to BAU
% 43 20 0

1) BAU(Business As Usual): Estimated future greenhouse gas emissions on the assumption that no steps are taken to limit greenhouse gas emissions.

2) Market-based emission target

Greenhouse Gas Emissions
(Scope 1+2)

Location-based
Unit tCO2eq
2022 594.6
2023 635.5
Market-based*
Unit tCO2eq
2022 594.6
2023 401.2
Category Unit 2022 2023
Location-based tCO2eq 594.6 635.5
Market-based* tCO2eq 594.6 401.2

* Emissions reflect the purchase (use) of renewable energy through Green Premium