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 90% 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 carbon emissions of approximately 1,526,380,000 kg CO2e, with Scope 1 emissions at about 460,430,000 kg CO2e and Scope 2 emissions at approximately 1,065,955,000 kg CO2e. Scope 3 emissions were significantly higher, totalling around 147,253,154,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2045, with specific targets to reduce Scope 1 and 2 emissions by approximately 60% by 2035 and 100% by 2045, using 2023 as the base year. Hyundai's near-term goals include a 26% reduction in GHG emissions by 2030 compared to 2016 levels for both Scope 1 and Scope 2 emissions. Additionally, the company aims to reduce business site emissions by 45% by 2030, which corresponds to a reduction of about 1,217,422 tonnes CO2e from 2019 levels. Hyundai is also committed to achieving RE100 status by 2045, which involves transitioning to 100% renewable energy for its operations. This commitment includes generating renewable electricity on-site and engaging in power purchase agreements (PPAs) for renewable energy. Overall, Hyundai Motor's climate strategy reflects a comprehensive approach to reducing carbon emissions and enhancing sustainability in its operations, aligning with global climate goals.
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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.
