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 44 is higher than 69% 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, with emissions distributed across Scope 1, 2, and 3. Specifically, Scope 1 emissions were about 5,580,000 kg CO2e, while Scope 2 emissions totalled approximately 28,002,000 kg CO2e. The majority of emissions came from Scope 3, which accounted for about 95,107,000 kg CO2e, including significant contributions from the use of sold products (approximately 82,400,000 kg CO2e) and waste generated in operations (about 9,457,000 kg CO2e). The company has set ambitious reduction targets, aiming for a 33% reduction in Scope 1 and 2 emissions by 2030, compared to a business-as-usual (BAU) scenario. This target, which translates to a reduction of approximately 31,902 tonnes CO2e, reflects HD Hyundai Electric's commitment to mitigating its carbon footprint and addressing climate change. Over the past few years, emissions have fluctuated, with 2022 emissions recorded at approximately 107,348,000 kg CO2e, and 2021 emissions at about 112,113,000 kg CO2e. The company is actively working towards its climate commitments, focusing on transparency and accountability in its 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 |
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.
