Hyosung Advanced
Hyosung Advanced Materials, a leading player in the advanced materials industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 2000, the company has established itself as a pioneer in the production of high-performance materials, particularly in the fields of textiles, industrial fibres, and composite materials. Renowned for its innovative products, Hyosung Advanced offers unique solutions such as its Creora® elastane, which is celebrated for its superior stretch and recovery properties. The company has achieved significant milestones, including numerous sustainability initiatives that position it as a responsible leader in the market. With a strong commitment to quality and innovation, Hyosung Advanced Materials continues to solidify its market position, catering to diverse industries and setting benchmarks in material performance.
DitchCarbon Score
How does Hyosung Advanced'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 Chemicals 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
Hyosung Advanced's score of 23 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hyosung Advanced's reported carbon emissions
In 2023, Hyosung Advanced reported total carbon emissions of approximately 1,121,529,000 kg CO2e. This figure includes Scope 1 emissions of about 82,768,000 kg CO2e, Scope 2 emissions of approximately 220,416,000 kg CO2e, and Scope 3 emissions totalling around 1,121,529,000 kg CO2e. Over the years, Hyosung Advanced has shown fluctuations in its emissions. For instance, in 2022, the company recorded total emissions of about 1,610,264,000 kg CO2e, with Scope 1 at approximately 84,199,000 kg CO2e, Scope 2 at around 213,485,000 kg CO2e, and Scope 3 emissions reaching about 1,610,264,000 kg CO2e. Despite these figures, there are currently no publicly disclosed reduction targets or climate pledges from Hyosung Advanced. The company has not specified any initiatives under the Science Based Targets initiative (SBTi) or other reduction commitments, indicating a potential area for future focus in their climate strategy. Overall, while Hyosung Advanced has made strides in tracking its emissions, the absence of formal reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 577,840 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 175,285,090 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 385,334,770 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Hyosung Advanced 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.
