In 2024, HD Hyundai Infracore 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 Infracore 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 | 25,260a | 29,872a | 31,773a | |
Total Scope 2 | ||||
Location-Based | 76,070a | 74,872a | 88,560b | |
Total Scope 3 | 5,858,130a | 7,133,549a | 977,905a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.0094a | 8.192a | 8.4191a |
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In 2024, the total operational greenhouse gas (GHG) emissions of HD Hyundai Infracore amounted to 101,330 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 Infracore decreased by 3.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of HD Hyundai Infracore were 25,260 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, HD Hyundai Infracore's Scope 1 emissions have decreased by 23.47%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Infracore's Scope 1 emissions decreased by 15.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, HD Hyundai Infracore reported Scope 2 greenhouse gas (GHG) emissions of 76,070 tCO₂e using the location-based method.a
Since 2020, HD Hyundai Infracore's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 16.3%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Infracore's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that HD Hyundai Infracore's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, HD Hyundai Infracore reported its Scope 2 emissions using the location-based method.a
In 2024, HD Hyundai Infracore reported 5,858,130 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 Infracore 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 Infracore reported total Scope 3 emissions of 5,858,130 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 4.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.04% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, HD Hyundai Infracore's Scope 3 emissions have increased by 457.19%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Infracore's Scope 3 emissions decreased by 17.88%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, HD Hyundai Infracore 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 Infracore's Scope 3 emissions were:a
In 2024, HD Hyundai Infracore reported Scope 1 greenhouse gas (GHG) emissions of 25,260 tCO₂e and total revenues of USD 2,804 millions. This translates into an emissions intensity of 9.01 tCO₂e per millions USD.a
In 2024, HD Hyundai Infracore reported a Scope 1 emissions intensity of 9.01 tCO₂e per millions USD. Compared to the peer group median of 6.5, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, HD Hyundai Infracore ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
HD Hyundai Infracore 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 Infracore reported a total carbon footprint of 5,959,460 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.67% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to HD Hyundai Infracore's total carbon footprint was Scope 3 emissions, accounting for 98.3% of the company's total carbon footprint, followed by Scope 2 emissions at 1.28%.a