In 2024, HD Hyundai Mipo 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 Mipo has also provided a category-level breakdown for 9 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 | 57,110a | 57,122a | 55,660a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 109,807a | 105,982a | 105,514a | |
Total Scope 3 | 28,770,946a | 25,698,052a | 21,626,799a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 18.0997a | 18.0717a | 18.8724a |
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In 2024, the total operational greenhouse gas (GHG) emissions of HD Hyundai Mipo amounted to 166,917 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 Mipo increased by 2.34%, 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 Mipo were 57,110 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, HD Hyundai Mipo's Scope 1 emissions have increased by 12.65%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Mipo's Scope 1 emissions remained relatively stable, indicating that HD Hyundai Mipo's emissions have plateaued with no significant change in its operational footprint.a
In 2024, HD Hyundai Mipo reported Scope 2 greenhouse gas (GHG) emissions of 109,807 tCO₂e without specifying the calculation method.a
Since 2021, HD Hyundai Mipo's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that HD Hyundai Mipo's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), HD Hyundai Mipo's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that HD Hyundai Mipo's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, HD Hyundai Mipo reported its Scope 2 emissions using an unspecified methodology.a
In 2024, HD Hyundai Mipo reported 28,770,946 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 Mipo includes a breakdown across 9 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 Mipo reported total Scope 3 emissions of 28,770,946 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 4.27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.73% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, HD Hyundai Mipo's Scope 3 emissions have increased by 124.64%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), HD Hyundai Mipo's Scope 3 emissions increased by 11.96%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, HD Hyundai Mipo reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to HD Hyundai Mipo's Scope 3 emissions were:a
In 2024, HD Hyundai Mipo reported Scope 1 greenhouse gas (GHG) emissions of 57,110 tCO₂e and total revenues of USD 3,155 millions. This translates into an emissions intensity of 18.1 tCO₂e per millions USD.a
In 2024, HD Hyundai Mipo reported a Scope 1 emissions intensity of 18.1 tCO₂e per millions USD. Compared to the peer group median of 255.95, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, HD Hyundai Mipo ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places HD Hyundai Mipo among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, HD Hyundai Mipo reported a total carbon footprint of 28,937,863 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.9% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to HD Hyundai Mipo's total carbon footprint was Scope 3 emissions, accounting for 99.42% of the company's total carbon footprint, followed by Scope 2 emissions at 0.38%.a