In 2024, HD Hyundai Electric 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).
HD Hyundai Electric has also provided a category-level breakdown for 11 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 | 6,818a | 6,907a | 6,915a | |
Total Scope 2 | ||||
Market-Based | 31,409a | 29,036a | 26,252a | |
Location-Based | 32,801a | 29,257a | 26,252a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 276,495,208a | 275,755,064a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.0113a | 3.2655a | 4.141a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
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.
In 2024, the total operational greenhouse gas (GHG) emissions of HD Hyundai Electric amounted to 39,619 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 HD Hyundai Electric increased by 9.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of HD Hyundai Electric were 6,818 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, HD Hyundai Electric's Scope 1 emissions have increased by 13.26%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Electric's Scope 1 emissions decreased by 1.29%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, HD Hyundai Electric reported Scope 2 greenhouse gas (GHG) emissions of 31,409 tCO₂e using the market-based method and 32,801 tCO₂e using the location-based method.a
Compared to the previous year (2023), HD Hyundai Electric's Scope 2 emissions (Location-Based) rose by 12.11% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, HD Hyundai Electric reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, HD Hyundai Electric reported 276,495,208 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 HD Hyundai Electric includes a breakdown across 11 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, HD Hyundai Electric reported total Scope 3 emissions of 276,495,208 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.16% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.84% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), HD Hyundai Electric's Scope 3 emissions remained relatively stable, indicating that HD Hyundai Electric's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, HD Hyundai Electric reported emissions for 11 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 HD Hyundai Electric's Scope 3 emissions were:a
In 2024, HD Hyundai Electric reported Scope 1 greenhouse gas (GHG) emissions of 6,818 tCO₂e and total revenues of USD 2,264 millions. This translates into an emissions intensity of 3.01 tCO₂e per millions USD.a
In 2024, HD Hyundai Electric reported a Scope 1 emissions intensity of 3.01 tCO₂e per millions USD. Compared to the peer group median of 4.92, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, HD Hyundai Electric ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
HD Hyundai Electric is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, HD Hyundai Electric reported a total carbon footprint of 276,534,827 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to HD Hyundai Electric's total carbon footprint was Scope 3 emissions, accounting for 99.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a