HD Hyundai Electric Co., Ltd.
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 21 is lower than 62% 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 38,240,000 kg CO2e. This figure includes 3,565,000 kg CO2e from Scope 1 emissions and 34,675,000 kg CO2e from Scope 2 emissions. The company has shown a significant increase in emissions compared to 2021, when total emissions were about 27,366,000 kg CO2e, with Scope 1 at 2,143,000 kg CO2e and Scope 2 at 25,223,000 kg CO2e. Over the past few years, HD Hyundai Electric has experienced fluctuations in its emissions. In 2020, the total emissions were approximately 26,397,000 kg CO2e, with Scope 1 emissions at 1,737,000 kg CO2e and Scope 2 at 24,661,000 kg CO2e. In 2019, the company reported total emissions of about 34,582,000 kg CO2e, which included significant Scope 3 emissions of approximately 120,382,017,000 kg CO2e, indicating a substantial impact from upstream and downstream activities. Despite these figures, there are currently no publicly disclosed reduction targets or climate pledges from HD Hyundai Electric. The absence of specific initiatives or commitments suggests that the company may need to enhance its climate strategy to align with industry standards and expectations for carbon reduction.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 7,226,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 30,165,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000,000 | - | - | - |
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 Electric 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.
