Hyundai Steel
Hyundai Steel Co., Ltd., commonly referred to as Hyundai Steel, is a leading player in the global steel industry, headquartered in South Korea (KR). Established in 1953, the company has grown significantly, marking key milestones such as the launch of its first integrated steel mill in 1973. Hyundai Steel operates primarily in the production of high-quality steel products, including hot-rolled and cold-rolled steel sheets, as well as steel pipes and rebar. Its commitment to innovation and sustainability sets it apart in a competitive market. With a strong presence in Asia and beyond, Hyundai Steel has solidified its position as a top-tier steel manufacturer, recognised for its advanced technology and efficient production processes. The company continues to achieve notable milestones, contributing to its reputation as a reliable supplier in various industries, including construction and automotive.
DitchCarbon Score
How does Hyundai Steel'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 Iron and Steel Production 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
Hyundai Steel's score of 27 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hyundai Steel's reported carbon emissions
In 2023, Hyundai Steel reported total carbon emissions of approximately 29,269,000,000 kg CO2e, comprising 26,679,000,000 kg CO2e from Scope 1, 2,590,000,000 kg CO2e from Scope 2, and 3,487,370,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions include significant contributions from purchased goods and services (764,830,000 kg CO2e) and upstream transportation and distribution (1,339,780,000 kg CO2e). Hyundai Steel has made notable strides in reducing its carbon footprint, achieving a reduction of 27,058 tonnes of oil equivalent (TOE) in energy usage in 2008, which was double the reduction achieved in the previous year. This reduction pertains to both Scope 1 and Scope 2 emissions, demonstrating the company's commitment to energy efficiency and sustainability. The company has not publicly disclosed specific science-based targets (SBTi) for future emissions reductions, nor does it appear to inherit emissions data from a parent company. However, it actively participates in initiatives such as the CDP, indicating a commitment to transparency and accountability in its climate actions. Overall, Hyundai Steel's emissions data reflects a significant operational scale, with a focus on reducing energy consumption and improving sustainability practices within the steel industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,317,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 5,480,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyundai Steel is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
