In 2024, Hanwha AeroSpace 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).
Hanwha AeroSpace has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 37,211a | 32,160a | 7,529a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 77,179a | 70,158a | 32,681a | |
Total Scope 3 | 487,282a | 525,082a | 580,897a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.8579a | 4.391a | 1.3439a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hanwha AeroSpace amounted to 114,390 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hanwha AeroSpace increased by 11.8%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hanwha AeroSpace were 37,211 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hanwha AeroSpace's Scope 1 emissions have increased by 730.79%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hanwha AeroSpace's Scope 1 emissions increased by 15.71%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Hanwha AeroSpace reported Scope 2 greenhouse gas (GHG) emissions of 77,179 tCO₂e without specifying the calculation method.a
Since 2019, Hanwha AeroSpace's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 220.17%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hanwha AeroSpace's Scope 2 emissions (Unspecified Calculation Method) rose by 10.01% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Hanwha AeroSpace reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hanwha AeroSpace reported 487,282 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hanwha AeroSpace includes a breakdown across 15 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.a
In 2024, Hanwha AeroSpace reported total Scope 3 emissions of 487,282 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 42.45% of these emissions originated from upstream activities such as purchased goods and capital goods, while 57.55% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hanwha AeroSpace's Scope 3 emissions remained relatively stable, indicating that Hanwha AeroSpace's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Hanwha AeroSpace reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Hanwha AeroSpace's Scope 3 emissions were:a
In 2024, Hanwha AeroSpace reported Scope 1 greenhouse gas (GHG) emissions of 37,211 tCO₂e and total revenues of USD 7,660 millions. This translates into an emissions intensity of 4.86 tCO₂e per millions USD.a
In 2024, Hanwha AeroSpace reported a Scope 1 emissions intensity of 4.86 tCO₂e per millions USD. Compared to the peer group median of 5.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hanwha AeroSpace ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hanwha AeroSpace is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hanwha AeroSpace reported a total carbon footprint of 601,672 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.1% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hanwha AeroSpace's total carbon footprint was Scope 3 emissions, accounting for 80.99% of the company's total carbon footprint, followed by Scope 2 emissions at 12.83%.a