Hyundai Engineering And Construction

Hyundai Engineering And Construction, a construction company headquartered in South Korea, reported approximately 5.68 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2024. This includes about 330.14 million kg CO2e from Scope 1 (direct emissions) and 140.81 million kg CO2e from Scope 2 (indirect emissions from purchased energy). Scope 3 emissions (indirect emissions from the value chain) were approximately 5.22 billion kg CO2e, with significant contributions from purchased goods and services (about 2.72 billion kg CO2e) and use of sold products (about 2.65 billion kg CO2e).

In 2023, the company's total emissions were approximately 6.13 billion kg CO2e, comprising around 270.47 million kg CO2e in Scope 1, 92.91 million kg CO2e in Scope 2, and about 5.77 billion kg CO2e in Scope 3.

Hyundai Engineering And Construction has set ambitious climate commitments. They aim to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, using a 2019 baseline of 596.14 million kg CO2e (or 596,140 metric tonnes CO2e). Furthermore, the company commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, use of sold products, and investments by 25% within the same timeframe, from a 2019 base year. They also have a long-term target to reduce Scope 3 emissions from purchased goods and services by 90% by 2045, compared to a 2020 baseline. These targets are consistent with Science Based Targets initiative (SBTi) 1.5°C pathways.