SK Hynix Jointly Declares Greenhouse Gas Reduction with Partners

Activities to Reduce Scope 3 Emissions of Partner Companies

SK Hynix announced on the 29th that it will collaborate with 소재·부품·장비 (materials, parts, and equipment) partners to carry out activities to reduce greenhouse gas emissions, derive detailed action plans, and enhance execution capabilities.

Officials taking a commemorative photo at the 'ECO Alliance Workshop' held by SK Hynix on the 24th at Doosan Tower in Seongnam, Gyeonggi Province / Photo by SK Hynix Newsroom

On the 24th, SK Hynix held the 'ECO Alliance Workshop' at Doosan Tower in Seongnam, Gyeonggi Province, and made a joint declaration to reduce greenhouse gases. The ECO Alliance is a coalition established in 2019 by SK Hynix together with its partners to create an eco-friendly semiconductor ecosystem. SK Hynix and 48 partner companies participate as members.

On this day, SK Hynix announced a strategy to reduce greenhouse gas emissions across all Scope areas. Scope 1 (direct emissions) will be reduced through the development of gases with low Global Warming Potential (GWP) and process optimization. Scope 2 (indirect emissions) will be reduced by procuring renewable energy and managing energy consumption. Scope 3 (other indirect emissions) will be reduced through collaboration with partners.

Twenty-eight member companies, including Air Liquide and Soulbrain, joined the declaration by announcing individual reduction targets through the use of renewable energy, energy savings, and resource recycling. The greenhouse gas emissions of these member companies last year accounted for about 50% of the major raw material emissions in SK Hynix’s Scope 3 (greenhouse gas emissions occurring outside the business site, such as partner material supply and post-sale product processing).

SK Hynix operates an ESG fund to help ECO Alliance members achieve their greenhouse gas reduction targets. It will support participation in government renewable energy support projects and continue various programs such as regular training and practical and executive workshops.

Joo Sung-bong, Vice President of SK Hynix (in charge of ESG promotion), said, "To practice carbon neutrality, the semiconductor industry will collaborate across the entire supply chain," adding, "Our company will continue to support the ECO Alliance to enhance the execution of greenhouse gas reduction and strive to improve the sustainability of the industry."

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