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. With major operational regions across Asia, HD Hyundai Oilbank has achieved significant milestones, including advancements in eco-friendly refining technologies. The company is renowned for its commitment to innovation and sustainability, offering unique products that meet stringent environmental standards. As a key supplier in the energy sector, HD Hyundai Oilbank has garnered a strong market position, recognised for its operational excellence and dedication to customer satisfaction. With a focus on continuous improvement, the company remains at the forefront of the evolving energy landscape.
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 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 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
HD Hyundai Oilbank's reported carbon emissions
In 2023, HD Hyundai Oilbank reported total carbon emissions of approximately 6,826,864,000 kg CO2e. This figure includes about 5,872,369,000 kg CO2e from Scope 1 emissions and around 954,495,000 kg CO2e from Scope 2 emissions. The company has shown a notable decrease in total emissions compared to 2022, where emissions were approximately 9,165,325,000 kg CO2e. In the previous years, emissions were as follows: in 2022, total emissions were about 9,165,325,000 kg CO2e; in 2021, they reached approximately 7,510,616,000 kg CO2e; in 2020, emissions were around 6,841,015,000 kg CO2e; and in 2019, they totalled about 6,899,547,000 kg CO2e. Despite these figures, HD Hyundai Oilbank has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). The absence of defined climate pledges suggests a need for further commitment to climate action within the industry context. Overall, while HD Hyundai Oilbank has made progress in reducing emissions in 2023, the lack of formal reduction targets indicates potential areas for improvement in their climate strategy.
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Add to project| 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 | 896,403,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | 1,244,118,000 | 000,000,000 | 000,000,000 | - | - |
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 Oilbank is not committed to any reduction initiatives 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.
