Hyundai Mobis

Hyundai Mobis, a leading automotive parts manufacturer based in South Korea (KR), is actively working towards reducing its environmental impact. For the fiscal year 2024, the company reported total greenhouse gas (GHG) emissions of approximately 3.54 billion kg CO2e. This figure comprises about 52.99 million kg CO2e for Scope 1 emissions, and approximately 348.51 million kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions were significantly higher, totalling around 3.14 billion kg CO2e, with the largest contributions coming from the use of sold products (approximately 1.48 billion kg CO2e) and purchased goods and services (approximately 795 million kg CO2e).

In 2023, Hyundai Mobis's total emissions were approximately 3.73 billion kg CO2e, with Scope 1 at about 52.80 million kg CO2e, Scope 2 at approximately 333.45 million kg CO2e (market-based), and Scope 3 at roughly 3.34 billion kg CO2e.

The company has established a comprehensive 2045 Net-Zero Roadmap. Key reduction targets include a 30% reduction in GHG emissions by 2030 against 2019 levels for Scopes 1 and 2. Furthermore, Hyundai Mobis aims for net-zero emissions across its domestic and overseas operations (Scope 1 & 2) by 2040 and across its entire supply chains (Scope 3 emissions) by 2045. For Scope 2 emissions specifically, the company has set targets for a 65% reduction by 2030 and 100% reduction by 2040, measured in absolute terms from a 2020 baseline.

Hyundai Mobis also demonstrates commitment through its near-term targets, aiming for a 30% reduction in Scope 1 and Scope 2 emissions from 2019 levels by 2030. Recognised by the Science Based Targets initiative (SBTi), the company has committed to the 1.5°C pathway, with near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030 from a FY2019 base year. Additionally, they aim to reduce Scope 3 GHG emissions from purchased goods and services by 55% per million KRW value added within the same timeframe.