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OrganisationsHyosung
Hyosung logo

Hyosung

Business ServicesSouth KoreaKSC: 004800.KS
Last verified 6 months agohyosung.com

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.

28
DitchCarbon score

-5 vs industry average

Hyosung’s score of 28 is lower than 47% 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

Low

Business Services has below-average carbon intensity

Industry performance

0.078
20192025

The Business Services industry has increased its overall emissions by 24% since 2019

Emissions trajectory 2020 – 2026

00.0M00.0M00.0M0.0M0

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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

Hyosung, headquartered in KR and operating in the "Other business services (74)" sector, has reported Scope 1 and Scope 2 emissions data for several years.

In 2023, the company reported Scope 1 emissions of approximately 8.67 million kg CO2e and Scope 2 emissions of about 21.14 million kg CO2e. This represents a decrease from 2022, when Scope 1 emissions were approximately 9.53 million kg CO2e and Scope 2 emissions were around 22.32 million kg CO2e.

For 2021, Hyosung's Scope 1 emissions were approximately 9.77 million kg CO2e, with Scope 2 emissions at about 23.60 million kg CO2e. In 2020, Scope 1 emissions were approximately 9.45 million kg CO2e and Scope 2 emissions were about 22.62 million kg CO2e.

Earlier data includes Scope 1 emissions of approximately 10.06 million kg CO2e and Scope 2 emissions of about 23.46 million kg CO2e in 2019. In 2018, Scope 1 emissions were around 10.94 million kg CO2e and Scope 2 emissions were approximately 24.13 million kg CO2e.

Hyosung also disclosed significant Scope 1 and Scope 2 emissions for 2017, totalling approximately 440.93 million kg CO2e for Scope 1 and 1.13 billion kg CO2e for Scope 2.

Hyosung Advanced Materials Corporation, part of the Hyosung group, is committed to near-term greenhouse gas reduction targets as of January 1, 2023. While specific reduction percentages and target years for this commitment are not detailed, the company has indicated a commitment to a net-zero target, although the timeline for this is not specified. The provided data indicates that Hyosung Corporation is the source of cascaded data for initiatives, with a cascade level of 0, signifying direct reporting.

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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

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Hyosung logoHyosung
KRBusiness Services
6 months ago
28
Temenos logoTemenos
CHComputer Services
3 days ago
83
View
Hitachi logoHitachi
JPElectrical Machinery Manufacturing
3 days ago
78
View
FUJIFILM Holdings Corporation logoFUJIFILM Holdings Corporation
JPMedical Device Manufacturing
3 days ago
75
View
Fidelity National Information Services, Inc. logoFidelity National Information Services, Inc.
USComputer Services
1 day ago
72
View
Versum Materials, Inc. logoVersum Materials, Inc.
USChemicals
3 days ago
67
View
Toshiba logoToshiba
JPElectrical Machinery Manufacturing
3 days ago
66
View

Frequently asked questions

Common questions about Hyosung’s sustainability data and climate commitments

Hyosung's reported total greenhouse gas emissions for 2023 are approximately 29.8 million kg CO2e, combining Scope 1 and Scope 2 emissions. Scope 1 emissions are roughly 8.67 million kg CO2e, mainly from stationary and mobile combustion, while Scope 2 emissions are about 21.14 million kg CO2e, primarily from purchased electricity and steam. This data indicates a slight decrease compared to previous years, reflecting ongoing efforts to reduce emissions within its operations in South Korea and the broader industry context. Transparency in reporting helps stakeholders understand the company's environmental impact for 2023.

Data year: 2023

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
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Ditchcarbonv260713.2
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