Joining Climate Crisis Response... Emart Publishes 'Net Zero Report 2023'

Improving Operational Efficiency, Equipment Replacement, Carbon Offset Projects, and Renewable Energy Investment
Industry's First Full Value Chain Greenhouse Gas Emissions Disclosure

Emart is joining the global climate crisis response by promoting carbon neutrality (net zero) to achieve a net greenhouse gas emission of '0' by 2050.

Emart, 'Net Zero Report 2023' [Photo by Emart].

On the 3rd, Emart announced that it has established a 2050 carbon neutrality strategy and roadmap for sustainable environmental management and published the 'Net Zero Report 2023.' Emart set an interim goal to reduce carbon emissions by 32.8% by 2030 compared to 2018. The report contains strategic plans and achievements to achieve net zero by making all six major greenhouse gas emissions '0' by 2050.

According to the report, Emart divided its greenhouse gas reduction projects into four themes: operational efficiency improvement, equipment replacement, carbon offset projects, and renewable energy investment. It calculated the marginal abatement cost by considering investment, operation, and energy-saving costs required for carbon reduction by theme. An internal carbon price was set considering the carbon credit market price, and an optimized reduction roadmap was prepared by comparing it with the marginal abatement cost.

Since 2009, Emart has invested approximately 113.4 billion KRW in the Energy Service Company (ESCO) business, replacing eco-friendly high-efficiency equipment such as LED lighting, high-efficiency inverters, turbo chillers, and low-power exhaust fans.

Starting with the installation of a solar power generation system at the Traders branch, the first in the industry in 2009, and a geothermal system at Emart Jecheon branch, Emart had 37 renewable energy facilities as of 2022. The renewable energy production in 2022 was 5,547 MWh.

Emart plans to manage quantitative data on greenhouse gas emissions not only directly emitted (Scope 1) but also indirectly emitted (Scope 2) to establish optimal reduction strategies for future emissions.

Emart also calculates and manages greenhouse gas emissions (Scope 3) from all processes in its value chain, including partners, overseas subsidiaries, products, transportation, and logistics. This is meaningful as it prepares for carbon neutrality together with the entire supply chain surrounding Emart. Emart is the first in the industry to disclose the entire Scope 3 emission categories in this net zero report.

This content was produced with the assistance of AI translation services.