Ditchcarbon
  • Contact
  1. Organizations
  2. Hyundai Steel
Public Profile
Iron and Steel Production
KR
updated a month ago

Hyundai Steel Sustainability Profile

Company website

Hyundai Steel Co., Ltd., commonly referred to as Hyundai Steel, is a leading player in the global steel industry, headquartered in South Korea (KR). Established in 1953, the company has grown significantly, marking key milestones such as the launch of its first integrated steel mill in 1973. Hyundai Steel operates primarily in the production of high-quality steel products, including hot-rolled and cold-rolled steel sheets, as well as steel pipes and rebar. Its commitment to innovation and sustainability sets it apart in a competitive market. With a strong presence in Asia and beyond, Hyundai Steel has solidified its position as a top-tier steel manufacturer, recognised for its advanced technology and efficient production processes. The company continues to achieve notable milestones, contributing to its reputation as a reliable supplier in various industries, including construction and automotive.

DitchCarbon Score

How does Hyundai Steel'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.

27

Industry Average

Mean score of companies in the Iron and Steel Production 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.

13

Industry Benchmark

Hyundai Steel's score of 27 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.

58%

Let us know if this data was useful to you

Hyundai Steel's reported carbon emissions

In 2023, Hyundai Steel reported total carbon emissions of approximately 29,269,000,000 kg CO2e, comprising 26,679,000,000 kg CO2e from Scope 1, 2,590,000,000 kg CO2e from Scope 2, and 3,487,370,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2022, where total emissions were about 28,501,000,000 kg CO2e, with Scope 1 emissions at 25,907,000,000 kg CO2e, Scope 2 at 2,594,000,000 kg CO2e, and Scope 3 at 2,491,360,000 kg CO2e. Hyundai Steel has made notable strides in energy efficiency, achieving a reduction of 27,058 tonnes of oil equivalent (TOE) in energy usage in 2008, which was double the reduction achieved in 2007. This reduction was reported under both Scope 1 and Scope 2 emissions, indicating a commitment to lowering direct and indirect emissions associated with their operations. The company has not publicly disclosed any Science-Based Targets Initiative (SBTi) reduction targets, nor does it appear to have a formal climate pledge at this time. However, it continues to monitor and report its emissions data, which is essential for tracking progress and setting future reduction goals. Overall, Hyundai Steel's emissions data reflects the challenges faced by the steel industry in reducing carbon footprints, while their historical reduction initiatives demonstrate a commitment to improving energy efficiency and sustainability practices.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2014201520162017201820192020202120222023
Scope 1
13,317,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
Scope 2
5,480,000,000
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
0,000,000,000

How Carbon Intensive is Hyundai Steel's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hyundai Steel's primary industry is Basic iron and steel and of ferro-alloys and first products thereof, which is high in terms of carbon intensity compared to other industries.

How Carbon Intensive is Hyundai Steel's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hyundai Steel is in KR, which we do not have grid emissions data for.

Hyundai Steel's Scope 3 Categories Breakdown

Hyundai Steel's Scope 3 emissions, which increased by 40% last year and increased by approximately 120% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 11% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 38% of Scope 3 emissions.

Top Scope 3 Categories

2023
Upstream Transportation & Distribution
38%
Purchased Goods and Services
22%
Investments
21%
Fuel and Energy Related Activities
8%
End-of-Life Treatment of Sold Products
6%
Waste Generated in Operations
3%
Downstream Transportation & Distribution
<1%
Employee Commuting
<1%
Business Travel
<1%
Capital Goods
<1%

Hyundai Steel'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 Steel has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Hyundai Steel's Emissions with Industry Peers

Tata Steel Limited

IN
•
Basic iron and steel and of ferro-alloys and first products thereof
Updated 1 day ago

Jfe

JP
•
Basic iron and steel and of ferro-alloys and first products thereof
Updated 3 days ago

Arcelormittal

LU
•
Basic iron and steel and of ferro-alloys and first products thereof
Updated 1 day ago

JSW Steel Limited

IN
•
Basic iron and steel and of ferro-alloys and first products thereof
Updated 2 days ago

Steel Authority Of India

IN
•
Basic iron and steel and of ferro-alloys and first products thereof
Updated 9 days ago

Thyssenkrupp AG

DE
•
Construction work (45)
Updated 4 days ago

Let us know if this data was useful to you

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v251030.3
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy