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.
0 vs industry average
Hyosung’s score of 33 is higher than 52% 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 is among the least carbon-intensive industries
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Hyosung's reported carbon emissions
Hyosung, headquartered in South Korea and operating in the "Other business services (74)" industry, reported total emissions of approximately 29.8 million kg CO2e for Scope 1 and 2 in 2023. This represents a decrease from approximately 31.9 million kg CO2e in 2022 and approximately 33.4 million kg CO2e in 2021.
In 2023, Hyosung's Scope 1 emissions were approximately 8.7 million kg CO2e, primarily from stationary combustion, with mobile combustion contributing a smaller portion. Scope 2 emissions in the same year totalled approximately 21.1 million kg CO2e, predominantly from purchased electricity.
While Hyosung has not disclosed Scope 3 emissions, it has identified missing data points in categories such as purchased goods and services, business travel, and employee commute for reporting years including 2023.
Hyosung Advanced Materials Corporation, an entity within the Hyosung group, has committed to near-term greenhouse gas reduction targets as of 1 January 2023. However, specific details regarding the classification, year, and scope of these near-term targets, as well as any long-term or net-zero commitments for Hyosung Advanced Materials Corporation or Hyosung as a whole, are not available in the provided data. The company's emissions data is not cascaded from a parent organisation, with its performance and initiative data originating from Hyosung Corporation.
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Hyosung’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
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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Common questions about Hyosung’s sustainability data and climate commitments
Data year: 2023
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