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, operating within the "Other business services (74)" industry, has reported its greenhouse gas emissions for several years. For 2023, Hyosung's combined Scope 1 and Scope 2 emissions were approximately 29.8 million kg CO2e. This comprised approximately 8.67 million kg CO2e from Scope 1 (with stationary combustion accounting for the majority) and approximately 21.14 million kg CO2e from Scope 2 (primarily from purchased electricity). In 2022, Hyosung's Scope 1 and 2 emissions totalled approximately 31.85 million kg CO2e, with Scope 1 emissions at roughly 9.53 million kg CO2e and Scope 2 at about 22.32 million kg CO2e. This indicates a slight decrease in total Scope 1 and 2 emissions compared to the previous year. Looking further back, in 2021, the company reported Scope 1 and 2 emissions of approximately 33.37 million kg CO2e. In 2020, emissions for Scope 1 and 2 were approximately 32.06 million kg CO2e. For 2019, the combined Scope 1 and 2 emissions were approximately 33.51 million kg CO2e. In 2018, Hyosung reported Scope 1 emissions of about 10.94 million kg CO2e and Scope 2 emissions of approximately 24.13 million kg CO2e. The most substantial figures are from 2017, with Scope 1 emissions around 440.93 million kg CO2e and Scope 2 emissions at approximately 1,128.26 million kg CO2e. Hyosung has not disclosed Scope 3 emissions data in the provided information, and several points within Scope 3 are noted as missing, including purchased goods and services, business travel, and employee commute. Regarding reduction initiatives, Hyosung Advanced Materials Corporation, a related entity, is listed with a "Committed" status for near-term targets, though the specific year and classification of these targets are not detailed. There is no current information indicating net-zero commitments or science-based targets for Hyosung Advanced Materials Corporation within the provided data. The emissions data for Hyosung is not cascaded from a parent organisation, and the initiative sources for SBTi and CDP point to "Hyosung Corporation".
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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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