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Kia Motors Corporation, commonly referred to as Kia, is a prominent player in the fabricated metal products industry, specifically focusing on sectors excluding machinery and equipment. Headquartered in South Korea (KR), Kia operates extensively across major global markets, including North America, Europe, and Asia. Founded in 1944, the company has achieved significant milestones, evolving from a manufacturer of bicycle parts to a leading automotive brand.
Kia's core offerings include a diverse range of vehicles, from compact cars to SUVs, distinguished by their innovative design, advanced technology, and commitment to sustainability. The brand is recognised for its competitive pricing and robust warranty programmes, enhancing its appeal in the automotive market. With a strong market position, Kia continues to garner accolades for quality and customer satisfaction, solidifying its reputation as a forward-thinking automotive manufacturer.
+16 vs industry average
Kia Motors’s score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Metal Fabrication is among the most carbon-intensive industries
The Metal Fabrication industry has reduced its overall emissions by 40% since 2018
Scope 3 accounts for ••• of total emissions.
Kia Motors, headquartered in South Korea, reported approximately 100,583,990,000 kg CO2e in total emissions for 2024. Their Scope 1 emissions were about 386,299,000 kg CO2e, Scope 2 market-based emissions were approximately 792,258,000 kg CO2e, and Scope 3 emissions were around 99,395,200,000 kg CO2e. Key contributors to Scope 3 emissions include the use of sold products (approximately 77,804,542,000 kg CO2e) and purchased goods and services (around 18,437,870,000 kg CO2e).
Looking back, in 2023, Kia Motors' total emissions were about 100,629,100,000 kg CO2e, with Scope 1 emissions at approximately 353,900,000 kg CO2e, Scope 2 at around 777,000,000 kg CO2e, and Scope 3 emissions at about 99,498,200,000 kg CO2e. In 2022, total emissions stood at approximately 74,142,300,000 kg CO2e, including Scope 1 emissions of about 379,900,000 kg CO2e, Scope 2 emissions of around 786,900,000 kg CO2e, and Scope 3 emissions of approximately 72,975,500,000 kg CO2e. For 2021, the company's Scope 1 emissions were roughly 365,100,000 kg CO2e and Scope 2 emissions were about 774,000,000 kg CO2e, with no Scope 3 data available for this year.
Kia has set ambitious climate commitments. They aim to achieve net-zero carbon emissions across all product stages by 2045. As part of their near-term targets, Kia commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 63.0% by 2035 from a 2024 base year. They also plan to reduce absolute well-to-wheel Scope 3 GHG emissions from the use of sold light-duty vehicles and buses by 63.0% within the same timeframe. These Science Based Targets initiative (SBTi) approved targets are consistent with reductions required to keep global warming to 1.5°C. Additionally, Kia is working towards phasing out new internal combustion engine vehicles by 2035 in leading markets and globally by 2040. Separately, from 2023 to 2025, Kia plans to reduce Scope 1 greenhouse gas emissions by 10% and Scope 2 emissions by 15%.
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2035
63% reduction in scope 3 total
Kia also commits to reduce absolute well-to-wheel scope 3 GHG emissions from use of sold Light duty vehicles and Buses 63.0% within the same…
2035
63% reduction in Scope 1
Kia commits to reduce absolute scope 1 GHG emissions 63.0% by 2035 from a 2024 base year.
2035
63% reduction in Scope 2
Kia commits to reduce absolute scope 2 GHG emissions 63.0% by 2035 from a 2024 base year.
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