Hyundai Engineering And Construction

Hyundai Engineering and Construction (HEC), headquartered in South Korea (KR) and operating within the Construction work (45) industry, reported total global emissions of approximately 5.216 billion kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions.

Carbon Emissions Breakdown (2024):

• Scope 1: Approximately 330.1 million kg CO2e.
• Scope 2: Approximately 140.8 million kg CO2e.
• Scope 3: Approximately 4.745 billion kg CO2e, with significant contributions from purchased goods and services (approximately 2.721 billion kg CO2e) and the use of sold products (approximately 2.653 billion kg CO2e).

Climate Commitments and Targets: HEC has set ambitious climate targets aligned with a 1.5°C trajectory.

• Near-Term Targets:

  • A commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 46.2% by 2030, using a 2019 baseline of 596,140 metric tons of CO2 equivalent (mtCO2e). This equates to a reduction of approximately 275.7 million kg CO2e by 2030.
  • An absolute-based target to reduce Scope 3 GHG emissions by 25% by 2030, covering categories such as purchased goods and services, upstream transportation and distribution, use of sold products, and investments.

• Long-Term Targets:

  • HEC has a net-zero commitment targeting completion by 2050.
  • Furthermore, an absolute-based target aims for a 90% reduction in Scope 3 emissions by 2045.

These commitments demonstrate HEC's dedication to climate action across its operational and value chain emissions.