Hyundai Glovis Sustainability Profile
Hyundai Glovis Co., Ltd., commonly known as Hyundai Glovis, is a leading logistics and supply chain management company headquartered in South Korea (KR). Established in 2001, the company has rapidly expanded its operations across major regions, including Asia, Europe, and North America. Specialising in integrated logistics services, Hyundai Glovis offers a diverse range of solutions, including automotive logistics, freight forwarding, and supply chain optimisation. With a strong focus on innovation and efficiency, Hyundai Glovis has positioned itself as a key player in the logistics industry, serving both Hyundai Motor Group and various external clients. The company is recognised for its commitment to sustainability and advanced technology, which enhances its service offerings. Notable achievements include significant growth in global market share and the development of cutting-edge logistics systems, solidifying Hyundai Glovis's reputation as a trusted partner in the logistics sector.
DitchCarbon Score
How does Hyundai Glovis'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 Business 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
Hyundai Glovis's score of 45 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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Hyundai Glovis's reported carbon emissions
In 2023, Hyundai Glovis reported total carbon emissions of approximately 10,598,000 kg CO2e. This includes Scope 1 emissions of about 3,489,416,000 kg CO2e, primarily from mobile combustion and process emissions, and Scope 2 emissions of approximately 10,598,000 kg CO2e. The company also recorded significant Scope 3 emissions, totalling around 33,189,000 kg CO2e, with upstream transportation and distribution contributing the majority at about 31,425,000 kg CO2e. Comparatively, in 2022, Hyundai Glovis's total emissions were about 11,019,000 kg CO2e, with Scope 1 emissions at approximately 3,924,263,000 kg CO2e and Scope 3 emissions reaching around 39,731,000 kg CO2e. This indicates a slight reduction in total emissions from 2022 to 2023. Hyundai Glovis has not disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other climate pledges. However, the company is actively monitoring its emissions across all scopes, demonstrating a commitment to transparency in its climate impact reporting. The emissions data is sourced directly from Hyundai Glovis Co., Ltd., with no cascaded data from parent or related organizations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,048,198,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 8,532,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,887,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hyundai Glovis's Industry?
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Hyundai Glovis's Scope 3 Categories Breakdown
Hyundai Glovis's Scope 3 emissions, which decreased by 16% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 95% of Scope 3 emissions.
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Hyundai Glovis'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 Glovis 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.
