Hyundai Motor

Hyundai Motor's reported carbon emissions

Hyundai Motor Company, headquartered in South Korea (KR) and operating in the motor vehicles industry, reported a total of approximately 150.4 billion kg CO2e in greenhouse gas emissions for the year 2024. This encompasses Scope 1, 2, and 3 emissions. Of this total, Scope 1 emissions amounted to about 680 million kg CO2e, while Scope 2 emissions (market-based) were approximately 1.4 billion kg CO2e. The largest portion, Scope 3 emissions, reached about 147.3 billion kg CO2e. Key contributors to Scope 3 emissions include the use of sold products, which accounted for approximately 114.2 billion kg CO2e, and purchased goods and services, contributing about 23 billion kg CO2e. Hyundai Motor Company has established ambitious climate commitments. The company aims to achieve net-zero emissions by 2045 across its business sites for Scope 1 and Scope 2. Additionally, they have committed to reducing Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2024 as a baseline year. This is in line with Science Based Targets initiative (SBTi) validated goals, which also include a commitment to reduce absolute well-to-wheel Scope 3 GHG emissions from the use of sold vehicles by 63% by 2035, from a 2024 base year. Hyundai also aims to phase out new internal combustion engine vehicles by 2035 in leading markets and globally by 2040. The company has also set an RE100 target for renewable energy usage across overseas business sites by 2027.