Hwaseung Corporation Co.,Ltd. Sustainability Profile
Hwaseung Corporation Co., Ltd., headquartered in South Korea (KR), is a prominent player in the automotive and industrial sectors. Founded in 1953, the company has established itself as a leader in manufacturing high-quality automotive components, including tyres and rubber products, catering to both domestic and international markets. With a strong presence in Asia and beyond, Hwaseung is renowned for its innovative approach to product development, focusing on durability and performance. The company’s commitment to quality has earned it significant recognition, positioning it as a trusted supplier for major automotive manufacturers. Notable achievements include various industry awards that highlight its excellence in engineering and sustainability practices. Through continuous investment in technology and research, Hwaseung Corporation remains at the forefront of the automotive industry, delivering unique solutions that meet the evolving needs of its clients.
DitchCarbon Score
How does Hwaseung Corporation 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 Rubber and Plastic Products 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
Hwaseung Corporation Co.,Ltd.'s score of 25 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hwaseung Corporation Co.,Ltd.'s reported carbon emissions
In 2023, Hwaseung Corporation Co., Ltd. reported total carbon emissions of approximately 15,450,000 kg CO2e, comprising about 2,639,000 kg CO2e from Scope 1 and about 12,912,000 kg CO2e from Scope 2. This marks a notable increase in emissions compared to 2022, where total emissions were about 14,225,000 kg CO2e, with Scope 1 at approximately 2,037,000 kg CO2e and Scope 2 at around 14,886,000 kg CO2e. Hwaseung has set ambitious climate commitments, aiming for a 50% reduction in greenhouse gas emissions by 2030, relative to their 2020 levels, and is working towards achieving Net Zero by 2050. These targets apply to both Scope 1 and Scope 2 emissions, aligning with the 1.5°C climate goal. The company has demonstrated a commitment to reducing its carbon footprint through various initiatives, including the use of solar panels, which have reportedly reduced GHG emissions by about 488,000 kg CO2e. However, there is currently no data available for Scope 3 emissions. Overall, Hwaseung Corporation Co., Ltd. is actively pursuing significant reductions in its carbon emissions while adhering to industry standards and climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 116,249,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
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Hwaseung Corporation Co.,Ltd.'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.
Hwaseung Corporation Co.,Ltd. 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.
