Hyosung Heavy Industries Corp

Common Name
Hyosung Heavy Industries
Country
South Korea
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
3,076
Ticker
298040
Exchange
KOREA EXCHANGE
Description
Hyosung Heavy Industries Corporation is a prominent entity specializing in the manufacturing and provision of industrial machinery, systems, and construction services. Known for its comprehensive appr...

Hyosung Heavy Industries's Climate Target Data Preview

As of 2023, Hyosung Heavy Industries has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hyosung Heavy Industries ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
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Verified Sources Behind Hyosung Heavy Industries’s Climate Targets Data

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a. Hyosung Heavy Industries's Sustainability Report 2023
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Insights into Hyosung Heavy Industries's Greenhouse Gas Emissions Pathways

As of 2023, Hyosung Heavy Industries has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Hyosung Heavy Industries have a target to reduce the emissions from its operations?

As of 2023, Hyosung Heavy Industries has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Hyosung Heavy Industries's most ambitious operational target is to reduce these emissions by 14.5% by 2030, compared to a baseline of 74,236 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018. a

Hyosung Heavy Industries has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a

Hyosung Heavy Industries's Operational (Scope 1+2) Emissions Pathway

201820232030020 k40 k60 k80 kBaselineCurrent (-36%)Target 2030 (-14%)
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