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, 2,590,000,000 kg CO2e from Scope 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. Hyundai Steel has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the steel industry, which is known for its high emissions intensity. The company’s emissions data indicates a trend of increasing emissions over the years, with total emissions rising from approximately 14,589,524,000 kg CO2e in 2011 to the current figure in 2023. This highlights the ongoing challenges in achieving sustainability goals in the steel manufacturing sector, which is under increasing pressure to adopt greener practices and technologies. As Hyundai Steel continues to navigate its environmental responsibilities, the focus on developing comprehensive climate strategies will be crucial for aligning with global sustainability efforts.
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Get Started| 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.
