Hyundai Engineering And Construction

Hyundai Engineering And Construction's reported carbon emissions

Hyundai Engineering and Construction (KR) reports its carbon emissions and climate commitments across its construction operations. For the fiscal year 2024, the company's total reported emissions were approximately 9.43 billion kg CO2e. This total comprises Scope 1 emissions of about 330.1 million kg CO2e, Scope 2 emissions of approximately 140.8 million kg CO2e, and substantial Scope 3 emissions reaching approximately 8.83 billion kg CO2e. Key contributors to its Scope 3 emissions in 2024 included purchased goods and services (around 2.72 billion kg CO2e) and the use of sold products (about 2.65 billion kg CO2e). In 2023, Hyundai Engineering and Construction reported total emissions of approximately 5.93 billion kg CO2e, with Scope 1 emissions at about 270.5 million kg CO2e, Scope 2 at approximately 92.9 million kg CO2e, and Scope 3 at around 5.77 billion kg CO2e. The construction industry player has established robust climate targets aligned with the Science Based Targets initiative (SBTi). Hyundai Engineering and Construction has committed to ambitious reduction goals: a 46.2% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, using 2019 as the base year. Additionally, the company aims to decrease absolute Scope 3 GHG emissions by 25% within the same timeframe, focusing on categories such as purchased goods and services, upstream transportation and distribution, use of sold products, and investments. Furthermore, Hyundai Engineering and Construction has committed to achieving net-zero emissions long-term, by 2050.