HD Hyundai Oilbank
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 12 is higher than 60% 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 2023, HD Hyundai Oilbank reported total carbon emissions of approximately 7,069,038,000 kg CO2e for Scope 1 and 954,495,000 kg CO2e for Scope 2. This reflects a significant commitment to transparency in their emissions reporting, although no data for Scope 3 emissions was disclosed. Comparatively, in 2022, the company emitted about 7,782,328,000 kg CO2e in Scope 1 and 1,514,839,000 kg CO2e in Scope 2, indicating a reduction in Scope 1 emissions in 2023. In 2021, emissions were approximately 7,620,093,000 kg CO2e for Scope 1 and 900,452,000 kg CO2e for Scope 2. Despite these figures, HD Hyundai Oilbank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company has not cascaded emissions data from any parent organization, maintaining its own reporting structure. Overall, while HD Hyundai Oilbank demonstrates a commitment to emissions transparency, further action towards formal reduction targets and comprehensive climate strategies would enhance its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,899,547,000 | 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 | 000,000,000 |
| Scope 3 | - | - | - | - | - |
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 Oilbank 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.
