Hanon Systems

Hanon Systems's reported carbon emissions

Hanon Systems, headquartered in South Korea and operating within the motor vehicles, trailers and semi-trailers industry, has established a comprehensive set of climate commitments. The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. In terms of emissions reporting, Hanon Systems reported the following for the year 2023: * **Scope 1 emissions:** Approximately 49,346,000 kg CO2e * **Scope 2 emissions:** Approximately 207,697,000 kg CO2e * **Scope 3 emissions:** Approximately 3,166,614,000 kg CO2e * **Total combined Scope 1 and 2 emissions:** Approximately 257,043,000 kg CO2e For Scope 1 and 2 emissions, Hanon Systems has set a near-term target to reduce absolute GHG emissions by 50% by 2030, using 2019 as the base year. Looking further ahead, the company aims for a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2040, also from the 2019 baseline. For Scope 3 emissions, Hanon Systems has a near-term commitment to reduce emissions from purchased goods and services by 55% per tonne of purchased raw material by 2030. Their long-term Scope 3 reduction target is a 90% reduction by 2040. Hanon Systems's climate targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming to 1.5°C. Additionally, the company commits that 70% of its customers, by revenue, will have science-based targets for the use of sold products by 2028. The emissions data for Hanon Systems is reported as being inherited from the company itself, indicating direct reporting.