HD Hyundai Oilbank Sustainability Profile
HD Hyundai Oilbank, headquartered in South Korea (KR), is a prominent player in the oil refining and petrochemical industry. Founded in 1964, the company has established itself as a leader in the production of high-quality petroleum products, including gasoline, diesel, and lubricants, catering to both domestic and international markets. With major operational regions across Asia, HD Hyundai Oilbank is renowned for its innovative refining technologies and commitment to sustainability. The company’s state-of-the-art facilities enable it to produce a diverse range of products that meet stringent environmental standards, setting it apart from competitors. Recognised for its operational excellence, HD Hyundai Oilbank continues to strengthen its market position through strategic partnerships and investments in advanced research and development, ensuring it remains at the forefront of the energy sector.
DitchCarbon Score
How does HD Hyundai Oilbank'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 Heavy Fuel Oil 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 Oilbank's score of 21 is higher than 73% 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 Oilbank's reported carbon emissions
In 2024, HD Hyundai Oilbank reported total carbon emissions of approximately 6,856,054,000 kg CO2e. This figure includes Scope 1 emissions of about 7,773,680,000 kg CO2e, Scope 2 emissions of approximately 2,325,857,000 kg CO2e, and Scope 3 emissions related to waste generated in operations, which totalled about 72,284,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to approximately 10,099,537,000 kg CO2e. In 2023, the company recorded total emissions of about 6,388,617,000 kg CO2e, with Scope 1 emissions at approximately 7,069,045,000 kg CO2e and Scope 2 emissions at around 2,026,583,000 kg CO2e. The total for Scope 1 and 2 was about 9,095,627,000 kg CO2e. HD Hyundai Oilbank has set ambitious reduction targets, aiming for a significant decrease in greenhouse gas emissions by up to approximately 57% in both Scope 1 and Scope 2 by 2026, compared to fossil fuel-based power generation. This initiative is expected to commence commercial operations in 2026, marking a pivotal step in their climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) targets, but it is actively engaged in climate-related initiatives, as evidenced by its commitment to reducing emissions through operational improvements and sustainable practices.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,899,547,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,294,872,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 |
How Carbon Intensive is HD Hyundai Oilbank's Industry?
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HD Hyundai Oilbank's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
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HD Hyundai Oilbank'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 Oilbank 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.
