Hanon Systems

Country
South Korea
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
1,988
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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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hanon Systems's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hanon Systems amounted to 232,625 metric 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).

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

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).

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.

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.

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.

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.

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.

What methodology does Hanon Systems use for Scope 2 reporting?

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

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.

The 2024 disclosure of Hanon Systems includes a breakdown across 4 of 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.

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).

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.

Has Hanon Systems reduced its Scope 3 emissions over time?

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

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.

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.

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:

  • 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 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.

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%.