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Carbon Neutrality

Net Zero 2050 Goal Setting

Amorepacific has declared a '2050 Net Zero' goal. To reach this goal, we will reduce the total direct emissions Scope 1 from our business sites and indirect emissions Scope 2 from purchased electricity by 48.9% by 2030 and 90% by 2050 compared to 2020 and achieve RE100 by 2030. Additionally, we plan to reduce emissions from purchased goods and services and from end-of-life treatment of sold products, which account for the most significant portion of our other indirect emissions Scope 3, by 25% by 2030 and 90% by 2050 compared to 2020. In June 2024, Amorepacific secured objectivity and reliability by receiving approval for its 2030 greenhouse gas reduction targets and 2050 Net-Zero targets from the Science Based Targets Initiative SBTi, a global initiative.

Net Zero 2050 Scenario

environmental policy
  • Target Companies: Total 5 companies
    • Amorepacific, COSVISON, AMORE Cosmetics (Shanghai) Co., Ltd., AMOREPACIFIC (Shanghai) R&I Center Co., Ltd., AMOREPACIFIC Trading Co., Ltd.
  • Target Scenario: SBTi 1.5°C scenario applied
    • Base Year: 2020
    • Scope 1+2: 48.9% reduction by 2030 compared to the base year (Meeting the target standard of reducing by at least an average of 4.2% per year)
    • Scope 3: 25% reduction by 2030 compared to the base year (Meeting the target standard of reducing by at least an average of 2.5% per year)
Female leader development program
2030 2050 (Net Zero)
Scope1+2 48.9% reduction 90% reduction (10% offset)
Scope3 25% reduction 90% reduction (10% offset)
* Targets set for Scope 3 categories 1 (purchased goods and services) and 13 (end-of-life treatment of sold products) Emission Reduction Measures
Female leader development program
Scope Key Reduction Measures
Direct Emissions Implement annual 5% self-reduction target through company-wide energy TFT operation
Indirect Emissions Establish and implement the RE100 roadmap (solar power self-generation, direct and indirect PPA and VPPA contracts, green tariff introduction, renewable energy certificate purchase, etc.) to convert 100% of the electricity used at all business sites of Amorepacific to renewable energy
Other Indirect Emissions Reduce Scope 3 emissions through solid implementation of 4R packaging strategy, eco-friendly innovative product development, support for measuring and reducing carbon emissions from suppliers
Greenhouse Gas Emissions Unit: tonCO2eq
Female leader development program
2020 2021 2022 2023
Scope1 Total Emissions 10,319 10,929 10,349 9,316
Net Emissions 10,319 9,321 8,791 7,996
Scope2 Market-Based 42,939 36,310 27,731 20,031
Location-Based 42,939 44,594 40,585 38,611
Sum of Scope1+2 Net Emissions + Market-Based 53,258 47,239 38,080 29,347
Net Emissions + Location-Based 53,258 55,523 50,934 47,927
Scope3 1. Purchased goods and services 250,413 262,258 184,412 173,273
12. End-of-life treatment of sold products 30,945 27,243 13,344 11,291
Others 23,861 25,340 29,179 36,509
Scope3 Total 305,219 314,841 226,935 221,073
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