Hyundai Motor

Hyundai Motor, headquartered in South Korea, has disclosed its carbon emissions and climate commitments. For 2025, the company reported total Scope 1 emissions of approximately 720.6 million kg CO2e and Scope 2 emissions (market-based) of about 1.19 billion kg CO2e. Its Scope 3 emissions for the same year were approximately 199.7 billion kg CO2e, with the largest categories being "use of sold products" at roughly 157.8 billion kg CO2e and "purchased goods and services" at approximately 30.98 billion kg CO2e.

Looking back, in 2024, Hyundai Motor's Scope 1 emissions were around 729.97 million kg CO2e, and Scope 2 emissions (market-based) were about 1.47 billion kg CO2e. Scope 3 emissions in 2024 totalled approximately 203.86 billion kg CO2e, with "use of sold products" accounting for roughly 165.45 billion kg CO2e and "purchased goods and services" at about 28.97 billion kg CO2e.

For 2023, the company reported Scope 1 emissions of approximately 696.59 million kg CO2e and Scope 2 emissions (market-based) of about 1.58 billion kg CO2e. Scope 3 emissions were approximately 148.13 billion kg CO2e, with "use of sold products" contributing around 114.13 billion kg CO2e and "purchased goods and services" at approximately 23.52 billion kg CO2e.

Hyundai Motor has set ambitious climate commitments, including achieving carbon neutrality across its entire value chain by 2045 and Net Zero targets for Scope 1 and 2 emissions by 2045. The company also aims for 100% renewable energy transition (RE100) at all global business sites by 2045.

In terms of specific reduction targets, Hyundai Motor commits to reducing absolute Scope 1 and 2 GHG emissions by 42.0% by 2030 from a 2024 base year. These near-term targets are validated by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C. Additionally, the company 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 from a 2024 base year. This Scope 3 target is also validated by SBTi as consistent with a 1.5°C pathway. Hyundai Motor also aims to phase out new internal combustion engine vehicles by 2035 in leading markets and globally by 2040.