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HS Hyosung Advanced Materials Corp
HS Hyosung Advanced Materials's GHG Emissions Data Preview
In 2024, HS Hyosung Advanced Materials 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).
HS Hyosung Advanced Materials has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind HS Hyosung Advanced Materials’s Greenhouse Gas (GHG) Emissions Data
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Insights into HS Hyosung Advanced Materials's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHS Hyosung Advanced Materials amounted to1,171,275metric 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 HS Hyosung Advanced Materialsincreased by 3.28%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
HS Hyosung Advanced Materials's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are HS Hyosung Advanced Materials's Scope 1 emissions?
In 2024, the total Scope 1 emissions of HS Hyosung Advanced Materials were 214,007 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), HS Hyosung Advanced Materials's Scope 1 emissions increased by 23.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are HS Hyosung Advanced Materials's Scope 2 emissions?
In 2024, HS Hyosung Advanced Materials reported Scope 2 greenhouse gas (GHG) emissions of 926,456 tCOâ‚‚e using the market-based method and 957,268 tCOâ‚‚e using the location-based method.a
Has HS Hyosung Advanced Materials reduced its Scope 2 emissions over time?
Compared to the previous year(2023), HS Hyosung Advanced Materials's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that HS Hyosung Advanced Materials's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does HS Hyosung Advanced Materials use for Scope 2 reporting?
In 2024, HS Hyosung Advanced Materials reported its Scope 2 emissions using the market-based method and using the location-based method.a
HS Hyosung Advanced Materials's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into HS Hyosung Advanced Materials's Value Chain Emissions
In 2024, HS Hyosung Advanced Materials reported 3,828,520 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of HS Hyosung Advanced Materials includes a breakdown across 12of the 15 Scope 3 categories defined by the GHG Protocol,up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
HS Hyosung Advanced Materials's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are HS Hyosung Advanced Materials's Scope 3 emissions?
In 2024, HS Hyosung Advanced Materials reported total Scope 3 emissions of 3,828,520 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 92.28%of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.72%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has HS Hyosung Advanced Materials reduced its Scope 3 emissions over time?
Since 2021, HS Hyosung Advanced Materials's Scope 3 emissionshave increased by 18.38%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), HS Hyosung Advanced Materials's Scope 3 emissions increased by 37.32%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does HS Hyosung Advanced Materials disclose?
In 2024, HS Hyosung Advanced Materials reported emissions for 12 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.
What are the main sources of HS Hyosung Advanced Materials's Scope 3 emissions?
In 2024, the largest contributors to HS Hyosung Advanced Materials's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 2,888,983 tCOâ‚‚e(75.46%)
- Fuel- and Energy-Related Services (Cat. 3): 315,306 tCOâ‚‚e(8.24%)
- Downstream Transportation and Distribution (Cat. 9): 157,717 tCOâ‚‚e(4.12%)
HS Hyosung Advanced Materials's Scope 3 Emissions by Categories
Insights into HS Hyosung Advanced Materials’s GHG Emissions Intensity Compared to Industry Peers
In 2024, HS Hyosung Advanced Materials reported Scope 1 greenhouse gas (GHG) emissions of 214,007 tCOâ‚‚e and total revenues of USD 2,257 millions. This translates into an emissions intensity of 94.84 tCOâ‚‚e per millions USD.a
HS Hyosung Advanced Materials's Scope 1 Emissions Intensity Compared to Peers
How does HS Hyosung Advanced Materials's GHG emissions intensity compare to its peers?
In 2024, HS Hyosung Advanced Materials reported a Scope 1 emissions intensity of 94.84 tCOâ‚‚e per millions USD. Compared to the peer group median of 58.14, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does HS Hyosung Advanced Materials rank on GHG emissions intensity within its industry?
In 2024, HS Hyosung Advanced Materials ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
HS Hyosung Advanced Materials is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into HS Hyosung Advanced Materials's Total Carbon Footprint
In 2024, HS Hyosung Advanced Materials reported a total carbon footprint of 4,999,795 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.48% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to HS Hyosung Advanced Materials's total carbon footprint was Scope 3 emissions, accounting for 76.57% of the company's total carbon footprint, followed by Scope 2 emissions at 19.15%.a