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Hyosung Corporation, a prominent player in the Other Business Services sector, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1966, Hyosung has established itself as a leader in various industries, including textiles, chemicals, and industrial machinery, with a strong emphasis on innovation and sustainability.
The company is renowned for its advanced products and services, particularly in the fields of ATM manufacturing and textile solutions, which are distinguished by their quality and technological sophistication. Hyosung's commitment to research and development has led to significant milestones, positioning it as a key competitor in the global market. With a focus on enhancing customer value and operational efficiency, Hyosung continues to drive growth and maintain its reputation as a trusted name in business services.
33
DitchCarbon score
-3 vs industry average
Hyosung’s score of 33 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Hyosung's reported carbon emissions
In 2023, Hyosung reported total Scope 1 and 2 emissions of approximately 29,807,000 kg CO2e. This figure includes about 8,670,000 kg CO2e from Scope 1 emissions, with stationary combustion being the largest contributor at 8,256,000 kg CO2e, and mobile combustion at 401,000 kg CO2e. Scope 2 emissions accounted for approximately 21,136,000 kg CO2e, primarily from purchased electricity (20,790,000 kg CO2e) and purchased steam (346,000 kg CO2e).
Looking back, Hyosung's Scope 1 and 2 emissions have shown fluctuations:
- 2022: Approximately 31,853,000 kg CO2e (Scope 1: 9,529,000 kg CO2e; Scope 2: 22,324,000 kg CO2e).
- 2021: Approximately 33,367,000 kg CO2e (Scope 1: 9,766,000 kg CO2e; Scope 2: 23,601,000 kg CO2e).
- 2020: Approximately 32,061,000 kg CO2e (Scope 1: 9,446,000 kg CO2e; Scope 2: 22,615,000 kg CO2e).
- 2019: Approximately 33,513,420 kg CO2e (Scope 1: 10,055,870 kg CO2e; Scope 2: 23,457,560 kg CO2e).
- 2018: Approximately 35,071,293 kg CO2e (Scope 1: 10,942,174 kg CO2e; Scope 2 location-based: 24,129,119 kg CO2e).
- 2017: Approximately 1,569,181,000 kg CO2e (Scope 1: 440,926,000 kg CO2e; Scope 2: 1,128,255,000 kg CO2e).
Hyosung has not disclosed Scope 3 emissions data for the reported years.
Regarding climate commitments, Hyosung Advanced Materials Corporation, which is part of the same corporate family, has a near-term target status of "Committed" to the Science Based Targets initiative (SBTi) as of January 2023. Hyosung Corporation is the source organization for climate-related data and initiatives.
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Hyosung’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Hyosung7 months ago
33
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Frequently asked questions
Common questions about Hyosung’s sustainability data and climate commitments
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