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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

0.146
20182025

The Business Services industry has reduced its overall emissions by 25% since 2018

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 South Korea and operating within the other business services sector, reported total emissions of approximately 29.8 million kg CO2e in 2023. This figure encompasses Scope 1 and Scope 2 emissions, totalling about 8.67 million kg CO2e and 21.14 million kg CO2e respectively.

In 2022, Hyosung's total emissions were approximately 31.85 million kg CO2e, with Scope 1 emissions around 9.53 million kg CO2e and Scope 2 emissions at about 22.32 million kg CO2e. The previous year, 2021, saw total emissions of approximately 33.37 million kg CO2e, comprising 9.77 million kg CO2e for Scope 1 and 23.60 million kg CO2e for Scope 2.

Hyosung's emissions data for previous years include:

  • 2020: Approximately 32.06 million kg CO2e (Scope 1: 9.45 million kg CO2e, Scope 2: 22.62 million kg CO2e)
  • 2019: Approximately 33.51 million kg CO2e (Scope 1: 10.06 million kg CO2e, Scope 2: 23.46 million kg CO2e)
  • 2018: Specific total emissions are not provided, but Scope 1 was approximately 10.94 million kg CO2e and Scope 2 was about 24.13 million kg CO2e.
  • 2017: Total emissions were approximately 440.93 million kg CO2e for Scope 1 and 1,128.26 million kg CO2e for Scope 2.

Hyosung Heavy Industries has not disclosed Scope 3 emissions data for the reported periods, with missing data points including purchased goods and services, business travel, and employee commute.

Regarding climate commitments, Hyosung Advanced Materials Corporation, a related entity, has a near-term target status of "Committed". Information regarding specific reduction targets or Net Zero commitments for Hyosung as a whole is not detailed in the provided 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

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
Arkema logoArkema
FROther Basic Inorganic Chemical Manufacturing
11 hours ago
86
View
Dupont logoDupont
USOther Basic Inorganic Chemical Manufacturing
11 hours ago
81
View
BASF SE logoBASF SE
DEChemicals
8 hours ago
81
View
Covestro logoCovestro
DEChemicals
11 hours ago
70
View
Dow logoDow
USPlastics Materials and Basic Forms and Shapes Merchant Wholesalers
11 hours ago
67
View
Asahi Kasei logoAsahi Kasei
JPChemicals
11 hours ago
58
View

Frequently asked questions

Common questions about Hyosung’s sustainability data and climate commitments

Hyosung's total carbon emissions in 2023 are approximately 29.8 million kg CO₂e. This figure includes both Scope 1 and Scope 2 emissions, with Scope 1 estimated at around 8.67 million kg CO₂e and Scope 2 roughly 21.14 million kg CO₂e. These emissions reflect the company's operational footprint within the South Korean industrial sector. Monitoring these emissions helps stakeholders understand Hyosung's environmental impact and progress toward sustainability goals in the context of the broader other business services industry.

Data year: 2023

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Ditchcarbonv260720.3
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