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.
-5 vs industry average
Hyosung’s score of 27 is lower than 46% 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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hyosung's reported carbon emissions
Hyosung, headquartered in KR and operating within the "Other business services (74)" industry, reported approximately 29.8 million kg CO2e in Scope 1 and 2 emissions for 2023. This represents a decrease from approximately 31.9 million kg CO2e in 2022 and approximately 33.4 million kg CO2e in 2021. Scope 1 emissions in 2023 were approximately 8.7 million kg CO2e, primarily from stationary combustion. Scope 2 emissions for the same year totalled about 21.1 million kg CO2e, largely from purchased electricity. Hyosung Advanced Materials Corporation, an entity within the Hyosung group, committed to near-term emissions reduction targets as of January 1, 2023, though specific details and the year for these targets are not yet specified. While Hyosung itself has not provided Scope 3 emissions data for the reporting years, it has noted missing data points for categories such as purchased goods and services, business travel, and employee commute. The company's sustainability reports are the primary source for this emissions data.
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Hyosung’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Hyosung yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Hyosung
Frequently asked questions
Common questions about Hyosung’s sustainability data and climate commitments
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