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 41 is higher than 69% 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 60,794 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 commuting (1,056 kg CO2e), waste generated in operations (3,612 kg CO2e), and upstream transportation and distribution (14,603 kg CO2e). Hyosung Heavy Industries has set ambitious climate commitments, aiming for Net Zero emissions across its entire value chain by 2050. This long-term goal reflects the company's dedication to sustainability and environmental responsibility. Furthermore, the company has established a target to reduce direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions by 50.4% by 2032, compared to 2021 levels. The emissions data and climate commitments are sourced directly from Hyosung Heavy Industries Corporation, with no data cascaded from a parent or related organization. The company is actively working towards its reduction targets, demonstrating a commitment to addressing climate change and minimising its carbon footprint.
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| 2022 | |
|---|---|
| Scope 1 | 10,042.88 |
| Scope 2 | 41,796.12 |
| Scope 3 | 22,614 |
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.
