Hyosung Heavy Industries
Hyosung Heavy Industries Corporation, commonly referred to as Hyosung, is a leading South Korean company headquartered in Ulsan, South Korea (KR). Established in 1978, Hyosung has made significant strides in the heavy industries sector, focusing on key areas such as power systems, industrial machinery, and textile manufacturing. The company is renowned for its innovative products, including high-performance transformers and advanced wind turbine systems, which set industry standards for efficiency and reliability. With a strong presence in Asia, Europe, and the Americas, Hyosung has solidified its market position through strategic partnerships and a commitment to sustainability. Notable achievements include pioneering developments in eco-friendly technologies, positioning Hyosung as a frontrunner in the global heavy industries landscape.
DitchCarbon Score
How does Hyosung Heavy Industries'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 Motor Vehicle Retail Services 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 Heavy Industries's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyosung Heavy Industries's reported carbon emissions
In 2022, Hyosung Heavy Industries, headquartered in South Korea (KR), reported total carbon emissions of approximately 58,182 kg CO2e. This figure includes Scope 1 emissions of about 10,043 kg CO2e and Scope 2 emissions of approximately 41,796 kg CO2e. Additionally, Scope 3 emissions were significant, with contributions from business travel (3,343 kg CO2e), employee commute (1,056 kg CO2e), waste generated in operations (3,612 kg CO2e), and upstream transportation and distribution (14,603 kg CO2e). In 2021, the company disclosed higher emissions, with total Scope 1 emissions at about 9,005,380 kg CO2e and Scope 2 emissions reaching approximately 45,104,510 kg CO2e. Scope 3 emissions were notably high, particularly from the use of sold products, which accounted for about 8,566,856,000 kg CO2e. Despite these figures, Hyosung Heavy Industries has not set specific reduction targets or initiatives as part of their climate commitments. The company has not disclosed any Science-Based Targets Initiative (SBTi) reduction targets or other formal climate pledges. The absence of reduction initiatives suggests a need for enhanced climate action strategies within the organisation. Overall, while Hyosung Heavy Industries has made strides in emissions reporting, the lack of defined reduction targets indicates an opportunity for further commitment to climate action.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 9,005,380 | 00,000.00 |
| Scope 2 | 45,104,510 | 00,000.00 |
| Scope 3 | 8,993,070,660 | 00,000 |
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 Heavy Industries 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.
