Deloitte Korea Hosts "Automotive Value Chain Science-Based Targets (SBT) Seminar"

First Joint Seminar with SBTi in Korea
Discussing Carbon Emission Reduction Strategies in the Automotive Value Chain

Deloitte Korea Group announced on December 3 that it held the nation's first "Automotive Value Chain Science-Based Targets (SBT) Seminar" with the participation of the Science Based Targets initiative (SBTi) at the Grand Hyatt Seoul on December 2. During the event, participants discussed science-based reduction pathways across the automotive value chain and joint carbon emission reduction strategies for the supply chain.

The SBTi is an international corporate climate action organization that develops standards, tools, and guidelines to help companies set greenhouse gas reduction targets based on scientific evidence. This was the first time that Deloitte Korea Group and the SBTi jointly hosted a seminar in Korea.

Deloitte Korea Group held the "Automotive Value Chain Science-Based Targets (SBT) Seminar" on the 2nd at the Grand Hyatt Seoul. Deloitte Korea Group

The event was attended by domestic automotive companies, major parts suppliers, and companies in the electronics and materials sectors, who discussed global trends, changes in standards, and joint response strategies for the supply chain.

Nichola Weir, Asia Pacific Internal Sustainability Leader at Deloitte, stated, "Clear science-based reduction targets and actionable roadmaps have become essential requirements in the global value chain," adding, "I hope this seminar will provide practical help for Korean companies to secure a competitive edge in various industries, including the automotive sector."

Kim Jihyun, Manager at SBTi, introduced the key points of the "Corporate Net-Zero Standard Second Draft," which is currently in the drafting stage, and explained its implications and challenges for the automotive industry. The Corporate Net-Zero Standard serves as a basic requirement for all companies, and specialized sectors such as the automotive industry must apply additional sector-specific standards after complying with the general requirements.

Yoo Junhyuk, Partner, and Kim Jaeun, Director at Deloitte Korea Group, presented verification cases for automotive manufacturers and strategies for addressing Scope 3 emissions. Partner Yoo Junhyuk emphasized the significance of verification approval for major OEMs, including domestic automotive companies, stating, "This is not merely a certification, but an important milestone for strengthening supply chain execution capabilities." Citing the UK as an example, he explained, "ZEV manufacturers and suppliers are securing policy advantages such as tax benefits and preferential public procurement based on clear transition plans."

Deloitte Korea Group plans to use this seminar as a starting point to accelerate support for the "implementation phase" of the domestic automotive industry and will continue to support target verification and reduction strategy development in cooperation with SBTi headquarters and its global network.

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