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 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyundai Steel's reported carbon emissions
In 2023, Hyundai Steel reported total carbon emissions of approximately 26,679,000,000 kg CO2e for Scope 1, 2,590,000,000 kg CO2e for Scope 2, and 3,487,370,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions was about 29,269,000,000 kg CO2e. The company has made significant strides in reducing energy usage, achieving a reduction of 27,058 tonnes of oil equivalent (TOE) in energy consumption in 2008, which was double the reduction achieved in the previous year. This reduction is classified under both Scope 1 and Scope 2 emissions. Hyundai Steel's emissions data is sourced directly from the Hyundai Steel Company, with no cascading from a parent or related organization. The company has not publicly committed to specific Science-Based Targets Initiative (SBTi) targets at this time. Overall, Hyundai Steel's commitment to reducing its carbon footprint is evident through its historical reductions and ongoing monitoring of emissions across all scopes.
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| 2006 | 2007 | 2008 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 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 | 00,000,000,000 |
| Scope 2 | 2,626,000 | 0,000,000 | 0,000,000 | 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 | 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 participating in any of the initiatives that 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.
