Hyundai Motor

Hyundai Motor's reported carbon emissions

Hyundai Motor Company, headquartered in Korea (KR), has established ambitious climate commitments, including a net-zero target by 2045. For the reporting year 2024, Hyundai Motor's total greenhouse gas emissions were approximately 150.0 billion kg CO2e. This includes Scope 1 emissions of about 679.8 million kg CO2e, Scope 2 emissions (market-based) of approximately 1.4 billion kg CO2e, and substantial Scope 3 emissions amounting to nearly 147.3 billion kg CO2e. Key contributors to Scope 3 emissions include the use of sold products, accounting for about 114.2 billion kg CO2e, and purchased goods and services, which totalled approximately 23.0 billion kg CO2e. In 2023, total emissions were around 150.4 billion kg CO2e, comprising Scope 1 emissions of approximately 696.6 million kg CO2e, Scope 2 emissions (market-based) of about 1.6 billion kg CO2e, and Scope 3 emissions of nearly 148.1 billion kg CO2e. Hyundai has set several reduction targets. The company aims for net-zero emissions by 2045 for Scope 1 and Scope 2. Additionally, it is committed to reducing absolute Scope 1 and 2 GHG emissions by 42.0% by 2030 from a 2024 base year, as recognised by the Science Based Targets initiative (SBTi). Furthermore, Hyundai commits to reducing absolute well-to-wheel Scope 3 GHG emissions from the use of sold light-duty vehicles, buses, mini-buses, medium freight trucks, and heavy freight trucks by 63.0% by 2035, also based on a 2024 baseline. They also aim to phase out new internal combustion engine vehicles by 2035 in leading markets and globally by 2040.