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 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hyosung Heavy Industries's reported carbon emissions
In 2023, Hyosung Heavy Industries reported total carbon emissions of approximately 799,055,000 kg CO2e, which includes both Scope 1 and Scope 2 emissions. The breakdown reveals that Scope 1 emissions accounted for mobile combustion and stationary combustion, while Scope 2 emissions were primarily from purchased electricity. Over the years, Hyosung has demonstrated a commitment to reducing its carbon footprint. In 2022, the company recorded total emissions of about 892,064,000 kg CO2e, indicating a slight decrease in emissions in 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no reported commitments to the Science Based Targets initiative (SBTi) or other formal climate pledges. The company has consistently reported emissions data across all relevant scopes, including Scope 3 emissions, which encompass a broader range of indirect emissions. In 2021, for instance, Hyosung disclosed Scope 3 emissions amounting to approximately 385,105,000 kg CO2e from purchased goods and services alone. Hyosung Heavy Industries continues to navigate the complexities of carbon emissions management while striving for sustainability in its operations, although further details on specific reduction strategies would enhance its climate commitment profile.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 316,146,249 | 000,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 546,520,938 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 00,000,000 | 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 Heavy Industries 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.
