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 42 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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HD Hyundai Construction Equipment Co Ltd's reported carbon emissions
In 2023, HD Hyundai Construction Equipment Co Ltd reported total carbon emissions of approximately 8,903,600 kg CO2e for Scope 1, 10,349,000 kg CO2e for Scope 2, and a staggering 8,107,119,670 kg CO2e for Scope 3 emissions. This highlights the significant impact of their supply chain and product use on overall emissions. The company has disclosed emissions data across all three scopes, indicating a comprehensive approach to carbon accounting. In comparison, the 2022 emissions data showed Scope 1 emissions at 9,547,000 kg CO2e, Scope 2 at 6,391,000 kg CO2e, and Scope 3 at 996,391,000 kg CO2e. This suggests a notable increase in emissions, particularly in Scope 3, which encompasses indirect emissions from the use of sold products, purchased goods and services, and other upstream and downstream activities. Despite the lack of specific reduction targets or initiatives outlined in their reports, HD Hyundai Construction Equipment Co Ltd is actively engaged in carbon accounting and transparency. The absence of formal commitments such as Science-Based Targets (SBTi) or documented reduction initiatives indicates an opportunity for the company to enhance its climate strategy and set measurable goals for emissions reduction. Overall, while HD Hyundai Construction Equipment Co Ltd has made strides in emissions reporting, the significant levels of Scope 3 emissions underscore the need for a robust climate commitment to address the broader impacts of their operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,371,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,416,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| 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.
