Hyundai Steel
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.
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.
Industry Benchmark
Hyundai Steel's score of 27 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 and 2, and 3,487,370,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to previous years, reflecting the challenges faced in reducing carbon output amidst growing production demands. Hyundai Steel has disclosed emissions data across all three scopes, with Scope 1 and 2 emissions totalling approximately 29,269,000,000 kg CO2e in 2023. The company has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a need for more defined commitments towards carbon neutrality. The company’s emissions have fluctuated over the years, with a peak in 2020 at approximately 28,624,000,000 kg CO2e. Despite these challenges, Hyundai Steel continues to engage in sustainability practices, although specific reduction initiatives have not been detailed in the available data. Overall, Hyundai Steel's emissions profile highlights the complexities of achieving significant reductions in carbon emissions within the steel industry, underscoring the importance of establishing clear targets and strategies for future sustainability efforts.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
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 Steel is not committed to any reduction initiatives 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.
