Hyundai Wia Sustainability Profile
Hyundai Wia Corporation, a prominent player in the manufacturing industry, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1976, the company has established itself as a leader in the production of machine tools, automotive components, and industrial machinery. Hyundai Wia is renowned for its innovative CNC (Computer Numerical Control) machines and precision-engineered parts, which are distinguished by their advanced technology and reliability. The company has achieved significant milestones, including the development of eco-friendly manufacturing processes and a strong commitment to research and development. With a solid market position, Hyundai Wia continues to expand its global footprint, earning accolades for its quality and efficiency in the competitive landscape of the manufacturing sector.
DitchCarbon Score
How does Hyundai Wia'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 Motor Vehicle Manufacturing 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 Wia's score of 33 is higher than 54% 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 Wia's reported carbon emissions
In 2023, Hyundai Wia reported total carbon emissions of approximately 28,281,700 kg CO2e, with Scope 1 emissions at about 17,009,000 kg CO2e and Scope 2 emissions at approximately 265,814,000 kg CO2e. The company also disclosed significant Scope 3 emissions, amounting to about 14,012,970,000 kg CO2e. This indicates a total of approximately 28,177,100 kg CO2e for Scope 1 and 2 combined. In 2022, the total emissions were approximately 30,867,100 kg CO2e, with Scope 1 emissions at about 18,913,000 kg CO2e and Scope 2 emissions at approximately 289,764,000 kg CO2e. Scope 3 emissions for that year were reported at around 4,397,990,000 kg CO2e. Hyundai Wia has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor disclosed any document reduction targets. The company’s climate commitments and initiatives are primarily sourced from its own reporting, with no cascaded data from a parent organization. Overall, Hyundai Wia's emissions profile reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing upstream and downstream supply chain impacts in their climate strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 22,177,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 192,888,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hyundai Wia's Industry?
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Hyundai Wia'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 Wia has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
