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Hanon Systems

Country
South Korea
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
1,979
Ticker
018880
Exchange
KOREA EXCHANGE
Description
Hanon Systems is a global automotive supplier that specializes in thermal management solutions. The company's primary function is to deliver advanced systems that enhance vehicle climate control, powe...

Hanon Systems's GHG Emissions Data Preview

In 2024, Hanon Systems completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Hanon Systems has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Hanon Systems’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hanon Systems’s data sources below and access millions more through our Disclosure Search.

a. Hanon Systems's Sustainability Report 2024
a. Hanon Systems's Sustainability Report 2024
b. Hanon Systems's Sustainability Report 2022
b. Hanon Systems's Sustainability Report 2022

Insights into Hanon Systems's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHanon Systems amounted to232,625metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hanon Systemsdecreased by 9.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Hanon Systems's Scope 1 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e+12%-14%+5%+6%
  • Total Scope 1
  • Year-over-Year Change

What are Hanon Systems's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hanon Systems were 52,321 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Hanon Systems reduced its Scope 1 emissions over time?

Since 2020, Hanon Systems's Scope 1 emissions have increased by 6.7%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Hanon Systems's Scope 1 emissions increased by 6.03%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Hanon Systems's Scope 2 emissions?

In 2024, Hanon Systems reported Scope 2 greenhouse gas (GHG) emissions of 180,304 tCOâ‚‚e without specifying the calculation method.a

Has Hanon Systems reduced its Scope 2 emissions over time?

Since 2020, Hanon Systems's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 18.2%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Hanon Systems's Scope 2 emissions(Unspecified Calculation Method) fell by 13.08% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Hanon Systems use for Scope 2 reporting?

In 2024, Hanon Systems reported its Scope 2 emissions using an unspecified methodology.a

Hanon Systems's Scope 2 Emissions Over Time

20202021202220232024060 k120 k180 k240 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hanon Systems's Value Chain Emissions

In 2024, Hanon Systems reported 3,242,418 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Hanon Systems includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Hanon Systems's Scope 3 Emissions Over Time

202020212022202320240850 k1.7 M2.55 M3.4 MtCO2e+9%+6%+55%+2%
  • Total Scope 3
  • Year-over-Year Change

What are Hanon Systems's Scope 3 emissions?

In 2024, Hanon Systems reported total Scope 3 emissions of 3,242,418 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Hanon Systems reduced its Scope 3 emissions over time?

Since 2020, Hanon Systems's Scope 3 emissionshave increased by 83.77%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Hanon Systems's Scope 3 emissions remained relatively stable, indicating that Hanon Systems's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Hanon Systems disclose?

In 2024, Hanon Systems reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Hanon Systems's Scope 3 emissions?

In 2024, the largest contributors to Hanon Systems's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 3,160,498 tCOâ‚‚e(97.47%)
  • Downstream Transportation and Distribution (Cat. 9): 63,288 tCOâ‚‚e(1.95%)
  • Upstream Transportation and Distribution (Cat. 4): 11,785 tCOâ‚‚e(0.36%)

Hanon Systems's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(2.0%)Purchased Goods andServices (Cat. 1)(97.5%)

Insights into Hanon Systems’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Hanon Systems reported Scope 1 greenhouse gas (GHG) emissions of 52,321 tCOâ‚‚e and total revenues of USD 6,814 millions. This translates into an emissions intensity of 7.68 tCOâ‚‚e per millions USD.a

Hanon Systems's Scope 1 Emissions Intensity Compared to Peers

2002,00020,000200,0002,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)HHNAAAMYear: 2024Scope 1: 91,346 tCO2eRevenue: $M 6,125Scope 1 Intensity: 14.91 tCO2e/$MCooper-Standard HoldingsYear: 2024Scope 1: 60,710 tCO2eRevenue: $M 2,731Scope 1 Intensity: 22.23 tCO2e/$MHankook Tire & TechnologyYear: 2024Scope 1: 243,616 tCO2eRevenue: $M 6,414Scope 1 Intensity: 37.98 tCO2e/$MHHHL MandoYear: 2024Scope 1: 19,432 tCO2eRevenue: $M 6,030Scope 1 Intensity: 3.22 tCO2e/$MNexteer Automotive GroupYear: 2024Scope 1: 33,132 tCO2eRevenue: $M 33,302Scope 1 Intensity: 0.99 tCO2e/$MKoito ManufacturingYear: 2024Scope 1: 46,800 tCO2eRevenue: $M 6,275Scope 1 Intensity: 7.46 tCO2e/$MKumho TireYear: 2024Scope 1: 158,859 tCO2eRevenue: $M 3,089Scope 1 Intensity: 51.43 tCO2e/$MHHHyundai MobisYear: 2024Scope 1: 52,991 tCO2eRevenue: $M 39,007Scope 1 Intensity: 1.36 tCO2e/$MHuizhou Desay SV AutomotiveYear: 2024Scope 1: 946 tCO2eRevenue: $M 3,784Scope 1 Intensity: 0.25 tCO2e/$MNemakYear: 2024Scope 1: 642,074 tCO2eRevenue: $M 90,871Scope 1 Intensity: 7.07 tCO2e/$MTS TechYear: 2025Scope 1: 7,548 tCO2eRevenue: $M 3,071Scope 1 Intensity: 2.46 tCO2e/$MIochpe MaxionYear: 2024Scope 1: 171,055 tCO2eRevenue: $M 2,482Scope 1 Intensity: 68.93 tCO2e/$MToyo TireYear: 2024Scope 1: 265,100 tCO2eRevenue: $M 3,601Scope 1 Intensity: 73.62 tCO2e/$MREPT BATTERO EnergyYear: 2024Scope 1: 109,896 tCO2eRevenue: $M 2,501Scope 1 Intensity: 43.93 tCO2e/$MApollo TyresYear: 2025Scope 1: 275,903 tCO2eRevenue: $M 3,017Scope 1 Intensity: 91.44 tCO2e/$MNingbo Tuopu GroupYear: 2024Scope 1: 2,447 tCO2eRevenue: $M 3,645Scope 1 Intensity: 0.67 tCO2e/$MAutoneum HoldingYear: 2024Scope 1: 108,472 tCO2eRevenue: $M 2,583Scope 1 Intensity: 42.00 tCO2e/$MNNNexen TireYear: 2024Scope 1: 80,237 tCO2eRevenue: $M 1,941Scope 1 Intensity: 41.34 tCO2e/$MSailun GroupYear: 2024Scope 1: 622,576 tCO2eRevenue: $M 4,358Scope 1 Intensity: 142.87 tCO2e/$MLinamarYear: 2024Scope 1: 155,271 tCO2eRevenue: $M 7,356Scope 1 Intensity: 21.11 tCO2e/$MAAAnhui Zhongding Sealing PartsYear: 2024Scope 1: 22,121 tCO2eRevenue: $M 2,583Scope 1 Intensity: 8.56 tCO2e/$MHyundai WiaYear: 2024Scope 1: 16,300 tCO2eRevenue: $M 5,575Scope 1 Intensity: 2.92 tCO2e/$MNHK SpringYear: 2025Scope 1: 43,000 tCO2eRevenue: $M 5,346Scope 1 Intensity: 8.04 tCO2e/$MStanley ElectricYear: 2021Scope 1: 3,464 tCO2eRevenue: $M 3,261Scope 1 Intensity: 1.06 tCO2e/$MHanon SystemsYear: 2024Scope 1: 52,321 tCO2eRevenue: $M 6,814Scope 1 Intensity: 7.68 tCO2e/$M

How does Hanon Systems's GHG emissions intensity compare to its peers?

In 2024, Hanon Systems reported a Scope 1 emissions intensity of 7.68 tCOâ‚‚e per millions USD. Compared to the peer group median of 11.74, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Hanon Systems rank on GHG emissions intensity within its industry?

In 2024, Hanon Systems ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Hanon Systems is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Hanon Systems's Total Carbon Footprint

In 2024, Hanon Systems reported a total carbon footprint of 3,475,043 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Hanon Systems's total carbon footprint was Scope 3 emissions, accounting for 93.31% of the company's total carbon footprint, followed by Scope 2 emissions at 5.19%.a

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