HD Hyundai Electric Co., Ltd. Sustainability Profile
HD Hyundai Electric Co., Ltd., headquartered in South Korea (KR), is a leading player in the electrical equipment industry, specialising in power generation, transmission, and distribution solutions. Founded in 1978, the company has achieved significant milestones, including advancements in smart grid technology and renewable energy systems. With a strong presence in Asia, Europe, and North America, HD Hyundai Electric offers a diverse range of core products, including transformers, switchgear, and control systems. Their commitment to innovation and sustainability sets them apart in a competitive market, positioning them as a trusted partner for energy solutions. Notably, the company has received accolades for its contributions to the development of eco-friendly technologies, reinforcing its status as a pioneer in the electrical sector.
DitchCarbon Score
How does HD Hyundai Electric 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 Electricity from Other Sources 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 Electric Co., Ltd.'s score of 19 is lower than 67% 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 Electric Co., Ltd.'s reported carbon emissions
In 2022, HD Hyundai Electric Co., Ltd. reported total carbon emissions of approximately 33,167,000 kg CO2e, comprising 6,915,000 kg CO2e from Scope 1 and 26,252,000 kg CO2e from Scope 2. The company has not disclosed any Scope 3 emissions data for that year. The organisation has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). However, it is actively engaged in reporting its emissions through the Carbon Disclosure Project (CDP). The emissions data indicates a commitment to transparency, although further details on reduction strategies or future targets are currently unavailable. As a significant player in the electric sector, HD Hyundai Electric Co., Ltd. is positioned to contribute to broader industry efforts in reducing carbon footprints and addressing climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 7,226,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 30,165,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is HD Hyundai Electric Co., Ltd.'s Industry?
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HD Hyundai Electric Co., Ltd.'s Scope 3 Categories Breakdown
HD Hyundai Electric Co., Ltd.'s Scope 3 emissions, which increased by 1% last year and decreased by approximately 15% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 79% of Scope 3 emissions.
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HD Hyundai Electric Co., Ltd.'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.
HD Hyundai Electric Co., Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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