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 44 is higher than 66% 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 2023, HD Hyundai Electric Co., Ltd. reported total greenhouse gas emissions of approximately 95,107,000 kg CO2e, which includes 5,580,000 kg CO2e from Scope 1, 28,002,000 kg CO2e from Scope 2, and 95,107,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are notably significant, with the use of sold products contributing about 82,400,000 kg CO2e. The company has set ambitious reduction targets, aiming for a 33% reduction in Scope 1 and Scope 2 emissions by 2030, compared to a business-as-usual (BAU) scenario. This target translates to a reduction of approximately 31,902 tonnes CO2e. The commitment reflects HD Hyundai Electric's proactive approach to mitigating climate impact and aligns with industry standards for greenhouse gas management. In 2022, the company reported total emissions of about 107,348,000 kg CO2e, indicating a need for ongoing efforts to meet their reduction goals. The emissions data is not cascaded from any parent organization, ensuring that the figures are specific to HD Hyundai Electric Co., Ltd. Overall, HD Hyundai Electric Co., Ltd. demonstrates a clear commitment to addressing climate change through measurable targets and transparency in emissions reporting.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 7,226,000 | 0,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 30,165,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
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 decreased by 11% last year and decreased by approximately 100% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 87% 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.
