Hyundai Heavy Industries Co., Ltd. (HHI), headquartered in Ulsan, South Korea (KR), stands as a global leader in the heavy industry sector. Founded in 1972, HHI has established itself as a powerhouse in shipbuilding, offshore engineering, and industrial machinery, with significant operations across Asia, Europe, and the Americas. The company is renowned for its innovative core products, including large container ships, drilling rigs, and eco-friendly marine solutions, which set it apart in a competitive market. HHI's commitment to technological advancement and sustainability has earned it a prominent position, making it one of the largest shipbuilders in the world. With numerous accolades and a strong reputation for quality, Hyundai Heavy Industries continues to shape the future of the heavy industry landscape.
How does Hd Hyundai Heavy Industries's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Hd Hyundai Heavy Industries's score of 30 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, HD Hyundai Heavy Industries reported total carbon emissions of approximately 491,711,860 kg CO2e across all scopes, with 244,228,000 kg CO2e from Scope 1 and 305,331,000 kg CO2e from Scope 2. The company has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. In 2021, the total emissions were about 99,981,684,000 kg CO2e, with Scope 1 emissions at 396,326,000 kg CO2e and Scope 2 at 552,314,000 kg CO2e. The emissions data indicates a significant reliance on Scope 3 emissions, which accounted for the majority of their carbon footprint. The company has shown a trend of fluctuating emissions over the years, with a notable decrease in Scope 1 emissions from 448,400,000 kg CO2e in 2011 to 244,228,000 kg CO2e in 2022. However, without specific reduction targets or commitments, the long-term impact of these reductions remains uncertain. Overall, while HD Hyundai Heavy Industries has made strides in reducing its emissions, the absence of formal climate commitments or reduction targets highlights a potential area for improvement in their sustainability strategy.
Access structured emissions data, company-specific emission factors, and source documents
2011 | 2012 | 2013 | 2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|---|---|---|
Scope 1 | 448,400,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 2 | 569,199,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Scope 3 | - | - | - | - | - | 000,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hd Hyundai Heavy Industries is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.