Hyundai Motor
Hyundai Motor Company, commonly referred to as Hyundai, is a leading global automotive manufacturer headquartered in South Korea (KR). Founded in 1967, the company has established a strong presence in major operational regions, including North America, Europe, and Asia. Hyundai operates within the automotive industry, focusing on the design, production, and sale of vehicles, including sedans, SUVs, and electric models. Renowned for its commitment to innovation, Hyundai has achieved significant milestones, such as the introduction of its eco-friendly Ioniq series. The company is recognised for its advanced technology, safety features, and competitive pricing, which have solidified its market position. With a reputation for quality and reliability, Hyundai continues to be a prominent player in the global automotive landscape, consistently earning accolades for its vehicles and sustainability initiatives.
DitchCarbon Score
How does Hyundai Motor'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 Motor Vehicle Manufacturing 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 Motor's score of 74 is higher than 92% 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 Motor's reported carbon emissions
In 2024, Hyundai Motor Company reported total greenhouse gas emissions of approximately 679,822,000 kg CO2e for Scope 1, 1,417,987,000 kg CO2e for Scope 2 (market-based), and a significant 147,253,154,000 kg CO2e for Scope 3 emissions. This reflects a commitment to transparency in emissions reporting across all scopes, including upstream and downstream activities. Hyundai has set ambitious climate targets, aiming for net-zero emissions by 2045. This includes a commitment to reduce Scope 1 and Scope 2 emissions by approximately 60% by 2035 and 100% by 2045, using 2023 as the baseline year, which recorded 2,275,751,000 kg CO2e in combined Scope 1 and 2 emissions. Additionally, the company plans to achieve a 26% reduction in GHG emissions by 2030 compared to 2016 levels. The company is actively pursuing renewable energy initiatives, including on-site solar power generation, to meet its RE100 commitments by 2045. Hyundai's strategy also involves enhancing energy efficiency in production processes through advanced technologies. Overall, Hyundai Motor's climate commitments reflect a proactive approach to addressing climate change, with a clear roadmap for significant emissions reductions and a transition to sustainable energy sources.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 822,273,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,032,654,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 7,209,437,000 | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyundai Motor is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
