Hyundai Sustainability Profile
Hyundai Motor Company, commonly referred to as Hyundai, is a leading global automotive manufacturer headquartered in the Czech Republic (CZ). Founded in 1967, Hyundai has established a strong presence in various operational regions, including Europe, Asia, and North America. The company is renowned for its innovative approach in the automotive industry, focusing on the production of passenger vehicles, commercial vehicles, and electric vehicles. Hyundai's commitment to quality and sustainability is evident in its diverse range of core products, which include sedans, SUVs, and eco-friendly models. The brand has achieved significant milestones, such as the introduction of advanced safety features and cutting-edge technology in its vehicles. With a solid market position, Hyundai continues to be recognised for its reliability and value, making it a preferred choice among consumers worldwide.
DitchCarbon Score
How does Hyundai'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 Transport Equipment Manufacturing 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
Hyundai's score of 30 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyundai's reported carbon emissions
In 2023, Hyundai reported total carbon emissions of approximately 1,569,439,000 kg CO2e globally. This figure includes 696,590,000 kg CO2e from Scope 1 emissions and 1,579,161,000 kg CO2e from Scope 2 emissions. Notably, the company did not disclose any Scope 3 emissions data for this year. Hyundai has set ambitious reduction targets, aiming for a 33% reduction in Scope 1 and Scope 2 emissions by 2030, compared to a business-as-usual (BAU) scenario. This target is based on a baseline of 31,902 tonnes CO2e, with the initiative starting in 2022. The company is currently on track to meet its near-term goals. In 2022, Hyundai's total emissions were approximately 2,404,069,000 kg CO2e, which included 719,949,000 kg CO2e from Scope 1 and 1,684,120,000 kg CO2e from Scope 2. The previous year's data (2021) showed total emissions of about 2,384,071,000 kg CO2e, with Scope 1 emissions at 724,013,000 kg CO2e and Scope 2 emissions at 1,660,058,000 kg CO2e. Hyundai's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change mitigation. The company continues to monitor and report its emissions, demonstrating transparency and accountability in its sustainability efforts.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 724,013,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,660,058,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 128,753,297,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Hyundai's Industry?
How Carbon Intensive is Hyundai's Location?
Hyundai's Scope 3 Categories Breakdown
Hyundai's Scope 3 emissions, which increased by 7% last year and increased by approximately 10% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 80% of Scope 3 emissions.
Top Scope 3 Categories
Hyundai'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.
Hyundai 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.
