Hanon Systems Sustainability Profile
Hanon Systems, a leading global provider of thermal and energy management solutions, is headquartered in South Korea (KR). Founded in 1986, the company has established a strong presence in the automotive industry, specialising in innovative products such as climate control systems, powertrain cooling solutions, and electric vehicle components. With a commitment to sustainability and efficiency, Hanon Systems has achieved significant milestones, including advancements in lightweight materials and smart thermal management technologies. The company operates in key regions worldwide, including North America, Europe, and Asia, positioning itself as a trusted partner for major automotive manufacturers. Recognised for its cutting-edge solutions and dedication to quality, Hanon Systems continues to enhance vehicle performance and comfort, solidifying its reputation as a frontrunner in the automotive thermal management sector.
DitchCarbon Score
How does Hanon Systems'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.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing 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.
Industry Benchmark
Hanon Systems's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hanon Systems's reported carbon emissions
In 2023, Hanon Systems reported significant carbon emissions, totalling approximately 3,166,614,000 kg CO2e across all scopes. This includes 49,346,000 kg CO2e from Scope 1, 207,697,000 kg CO2e from Scope 2, and a substantial 3,166,614,000 kg CO2e from Scope 3 emissions. In South Korea, the company’s emissions were approximately 6,306,000 kg CO2e for Scope 1 and 59,300,000 kg CO2e for Scope 2, totalling around 63,064,000 kg CO2e for these scopes. Hanon Systems has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2019 baseline. Additionally, it aims to reduce Scope 3 emissions from purchased goods and services by 55% per ton of purchased raw material within the same timeframe. For long-term goals, Hanon Systems commits to a 90% reduction in absolute Scope 1 and 2 emissions by 2040, alongside a similar 90% reduction in absolute Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to 1.5°C. The company also aims for 70% of its customers, by revenue, to have science-based targets by 2028. This data reflects Hanon Systems' commitment to sustainability and its proactive approach to addressing climate change, positioning itself as a responsible player in the automotive components sector.
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| 2021 | 2023 | |
|---|---|---|
| Scope 1 | 54,716,000 | 00,000,000 |
| Scope 2 | 227,244,000 | 000,000,000 |
| Scope 3 | 1,919,321,000 | 0,000,000,000 |
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Hanon Systems's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hanon Systems has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
