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 15 is higher than 65% 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 significant carbon emissions, totalling approximately 7,069,038,000 kg CO2e for Scope 1 and about 954,495,000 kg CO2e for Scope 2. This marks a reduction from 2022, where emissions were approximately 7,782,328,000 kg CO2e for Scope 1 and about 1,514,839,000 kg CO2e for Scope 2. The company has consistently disclosed emissions data for Scope 1 and Scope 2 over the past few years, with 2021 emissions recorded at approximately 7,620,093,000 kg CO2e for Scope 1 and about 900,452,000 kg CO2e for Scope 2. Despite these figures, HD Hyundai Oilbank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. The company’s emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely reflective of HD Hyundai Oilbank's operations. Overall, while HD Hyundai Oilbank has made strides in emissions reporting, the lack of formal reduction commitments suggests an opportunity for enhanced climate action and transparency in their sustainability strategy.
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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.
