Kolon Industries Receives International Certification for 'Greenhouse Gas Reduction Target'

Certified by the Global Initiative 'SBTi'
"Aiming to Achieve 'Net Zero Emissions' by 2050"

Kolon Industries announced on the 21st that it has obtained approval from the global initiative 'SBTi (Science Based Targets initiative)' for its short-term greenhouse gas reduction targets and net-zero goals. Net-zero refers to reducing the actual carbon dioxide emissions to '0'.

Kolon Industries plans, as a short-term task, to reduce direct greenhouse gas emissions and indirect emissions from energy purchases by 54.6% each by 2033 compared to 2022. In addition, it aims to reduce indirect greenhouse gas emissions generated throughout the value chain by 32.5%, achieving a net-zero greenhouse gas emission by 2050.

Kolon One & Only Tower Exterior. Photo by Jin-Hyung Kang

To achieve the net-zero goal by 2050, Kolon Industries is continuing environmental management activities such as ▲expanding the share of renewable energy ▲advancing energy and greenhouse gas reduction technologies ▲carbon capture, storage, and utilization. This SBTi certification is interpreted as demonstrating Kolon Industries' commitment to continuously and gradually reducing carbon emissions. SBTi is a global coalition organization that proposes and verifies companies' carbon emission reduction targets based on scientific evidence.

A Kolon Industries official said, "This SBTi approval is an important step for Kolon Industries to promise carbon reduction targets to global customers, society, shareholders, and various stakeholders," adding, "The company will do its best to achieve the goal of zero greenhouse gas emissions by 2050."

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