Hyosung Sustainability Profile
Hyosung Corporation, a prominent player in the global manufacturing 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. The company is renowned for its innovative core products, such as high-performance textiles and advanced industrial equipment, which are distinguished by their quality and technological advancements. Hyosung's commitment to sustainability and efficiency has positioned it favourably in the market, earning accolades for its eco-friendly practices and cutting-edge solutions. With a strong emphasis on research and development, Hyosung continues to drive growth and maintain its competitive edge in the global marketplace.
DitchCarbon Score
How does Hyosung'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 Business Services 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
Hyosung's score of 42 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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Hyosung's reported carbon emissions
In 2023, Hyosung Advanced Materials Corporation reported total greenhouse gas emissions of approximately 29.8 million kg CO2e. This total comprises about 8.67 million kg CO2e from Scope 1 emissions, primarily from stationary combustion, and about 21.14 million kg CO2e from Scope 2 emissions, mainly from purchased electricity. Hyosung has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2021 as the base year. Additionally, the company targets a 25% reduction in absolute Scope 3 emissions, which include emissions from purchased goods and services, as well as fuel- and energy-related activities, within the same timeframe. Furthermore, Hyosung plans for 60% of its suppliers, by spend, to have science-based targets by 2028. These commitments align with the Science Based Targets initiative (SBTi) and reflect Hyosung's dedication to addressing climate change and reducing its carbon footprint.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 440,926,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,128,255,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
How Carbon Intensive is Hyosung's Industry?
How Carbon Intensive is Hyosung's Location?
Hyosung'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.
Hyosung 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.
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Frequently Asked Questions
Common questions about Hyosung's sustainability data and climate commitments