HD Hyundai Construction Equipment Co Ltd
HD Hyundai Construction Equipment Co Ltd, headquartered in South Korea (KR), is a prominent player in the construction equipment industry. Founded in 1972, the company has established itself as a leader in manufacturing a diverse range of heavy machinery, including excavators, wheel loaders, and forklifts. With a strong presence in major operational regions across Asia, Europe, and North America, HD Hyundai Construction Equipment is renowned for its innovative technology and commitment to sustainability. The company’s core products are distinguished by their advanced features, reliability, and efficiency, catering to the evolving needs of the construction sector. Notable achievements include significant advancements in hydraulic technology and a robust global distribution network, positioning HD Hyundai Construction Equipment as a trusted name in the industry.
DitchCarbon Score
How does HD Hyundai Construction Equipment Co Ltd'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 Business Services 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
HD Hyundai Construction Equipment Co Ltd's score of 45 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HD Hyundai Construction Equipment Co Ltd's reported carbon emissions
In 2023, HD Hyundai Construction Equipment Co Ltd reported total carbon emissions of approximately 16,310,596,000 kg CO2e, with Scope 1 emissions at about 35,853,000 kg CO2e, Scope 2 emissions at approximately 84,785,000 kg CO2e, and Scope 3 emissions reaching around 16,310,596,000 kg CO2e. This represents a significant increase in emissions compared to previous years, particularly in Scope 3, which includes emissions from the use of sold products. In 2022, the company recorded total emissions of about 146,381,000 kg CO2e, with Scope 1 at approximately 9,547,000 kg CO2e, Scope 2 at around 6,391,000 kg CO2e, and Scope 3 emissions at about 996,400,000 kg CO2e. The trend indicates a growing carbon footprint, particularly in Scope 3 emissions, which are often the largest contributor in the construction equipment sector. Despite the increase in emissions, HD Hyundai has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. The company is encouraged to adopt science-based targets to align with global climate goals and demonstrate a commitment to sustainability. Overall, while HD Hyundai Construction Equipment Co Ltd has made strides in reporting emissions data, the lack of clear reduction strategies highlights an area for potential improvement in their climate commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 392,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,572,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 Construction Equipment Co Ltd is not participating in any of the initiatives that 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.
