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SK Innovation to adopt internal carbon pricing system

Korea Economic Daily LogoKorea Economic Daily2 mo ago

SK Innovation to adopt internal carbon pricing system - Korea Economic Daily

Quick Summary:

The company's carbon emissions last year reached 129.5 million tonsThe company will manage the global prices of carbon credits, which affect internal carbon prices, by reflecting them in key indicators that greatly affect business performance like oil prices and foreign exchange rates.

A company source said, "We adopted an internal carbon pricing system to decide the priority of new business projects from an environmental, social and governance (ESG) perspective," adding, "The review process will naturally rule out new businesses that emit a lot of carbon".

Investment that reduces such emissions are considered to create new value and the global prices of carbon credits will serve as criteria to gauge value and cost.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-28 @ 10:39:25 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1053 (out of 3484 stories this day)

News Source URL: kedglobal.com

Language: English

Article Length: 261 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 1987453

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 6 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 2 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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  • URL: https://beamstart.com/news/sk-innovation-to-adopt-internal-16696006779432

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