Hyundai Motor Sustainability Profile
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 85% 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 2023, Hyundai Motor Company reported total greenhouse gas emissions of approximately 1,569,439,000 kg CO2e in South Korea, with Scope 1 emissions at about 481,381,000 kg CO2e and Scope 2 emissions at approximately 1,088,060,000 kg CO2e. For the global operations in the same year, total emissions reached about 2,275,751,000 kg CO2e, comprising Scope 1 emissions of approximately 696,590,000 kg CO2e, Scope 2 emissions of about 1,579,161,000 kg CO2e, and Scope 3 emissions of around 148,126,154,000 kg CO2e. Hyundai has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2045. The company has established specific reduction targets, including a 45% reduction in Scope 1 and Scope 2 emissions by 2030, compared to 2019 levels, which translates to a reduction of approximately 1,217,422 tonnes CO2e. Additionally, Hyundai aims to reduce Scope 1 and Scope 2 emissions by about 60% by 2035, with a complete elimination of these emissions by 2045. Hyundai's climate strategy includes transitioning to renewable energy sources and enhancing energy efficiency in production processes. The company is also committed to achieving RE100 status, which involves sourcing 100% renewable energy by 2045. These initiatives reflect Hyundai's recognition of climate change as a critical issue and its commitment to sustainable practices in the automotive industry.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 842,635,000 | 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 | 000,000,000 |
| Scope 2 | 1,598,715,000 | 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 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 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 |
How Carbon Intensive is Hyundai Motor's Industry?
How Carbon Intensive is Hyundai Motor's Location?
Hyundai Motor's Scope 3 Categories Breakdown
Hyundai Motor's Scope 3 emissions, which decreased by 1% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 78% of Scope 3 emissions.
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Hyundai Motor'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 Motor has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Hyundai Motor's sustainability data and climate commitments