Hyosung Heavy Industries Sustainability Profile
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 50 is higher than 68% 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 2024, Hyosung Heavy Industries, headquartered in South Korea (KR), reported total carbon emissions of approximately 57,494,000 kg CO2e. This figure includes Scope 1 emissions of about 10,000,300 kg CO2e, primarily from stationary combustion (9,546,990 kg CO2e) and mobile combustion (819,310 kg CO2e). Scope 2 emissions, mainly from purchased electricity, accounted for approximately 46,631,660 kg CO2e, while Scope 3 emissions, specifically from waste generated in operations, were about 58,030 kg CO2e. In 2023, the company recorded total emissions of around 47,877,000 kg CO2e, with Scope 1 emissions at approximately 8,440,00 kg CO2e and Scope 2 emissions at about 39,289,000 kg CO2e. The Scope 3 emissions for that year were approximately 53,000 kg CO2e. Hyosung Heavy Industries has set a significant climate commitment to achieve a 14.5% reduction in absolute emissions by 2030 compared to 2018 levels. This target encompasses all scopes of emissions and reflects the company's proactive approach to addressing climate change. The emissions data is sourced directly from Hyosung Heavy Industries Corporation, with no cascading from a parent or related organization. The company continues to disclose its emissions across all relevant scopes, demonstrating transparency in its sustainability efforts.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 9,005,380 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 45,104,510 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 8,993,070,660 | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is Hyosung Heavy Industries's Industry?
How Carbon Intensive is Hyosung Heavy Industries's Location?
Hyosung Heavy Industries's Scope 3 Categories Breakdown
Hyosung Heavy Industries's Scope 3 emissions, which increased by 9% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Hyosung Heavy Industries'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.
Hyosung Heavy Industries 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.
