Hyosung TNC Corp
Hyosung TNC's GHG Emissions Data Preview
In 2023, Hyosung TNC 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).
Hyosung TNC has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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 | ||||
Unspecified Calculation Method | 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 Hyosung TNC’s Greenhouse Gas (GHG) Emissions Data
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. Explore Hyosung TNC’s data sources below and access millions more through our Disclosure Search.
Insights into Hyosung TNC's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hyosung TNC amounted to 1,129,903 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 2022, the total operational greenhouse gas (GHG) emissions of Hyosung TNC decreased by 9.18%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Hyosung TNC's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hyosung TNC's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hyosung TNC were 173,508 metric tons of CO₂ equivalent (tCO₂e). a
Has Hyosung TNC reduced its Scope 1 emissions over time?
Since 2020, Hyosung TNC's Scope 1 emissions have increased by 24.14%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Hyosung TNC's Scope 1 emissions increased by 13.44%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hyosung TNC's Scope 2 emissions?
In 2023, Hyosung TNC reported Scope 2 greenhouse gas (GHG) emissions of 956,395 tCO₂e without specifying the calculation method. a
Has Hyosung TNC reduced its Scope 2 emissions over time?
Since 2020, Hyosung TNC's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 23.23%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Hyosung TNC's Scope 2 emissions (Unspecified Calculation Method) fell by 12.35% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Hyosung TNC use for Scope 2 reporting?
In 2023, Hyosung TNC reported its Scope 2 emissions using an unspecified methodology. a
Hyosung TNC's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hyosung TNC's Value Chain Emissions
In 2023, Hyosung TNC reported 1,121,529 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 2023 disclosure of Hyosung TNC includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Hyosung TNC's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hyosung TNC's Scope 3 emissions?
In 2023, Hyosung TNC reported total Scope 3 emissions of 1,121,529 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Hyosung TNC's Scope 3 emissions decreased by 30.35%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Hyosung TNC disclose?
In 2023, Hyosung TNC reported emissions for 7 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.
What are the main sources of Hyosung TNC's Scope 3 emissions?
In 2023, the largest contributors to Hyosung TNC's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 1,044,368 tCO₂e (93.12%)
- Fuel- and Energy-Related Services (Cat. 3): 36,382 tCO₂e (3.24%)
- Upstream Transportation and Distribution (Cat. 4): 19,812 tCO₂e (1.77%)
Hyosung TNC's Scope 3 Emissions by Categories
Insights into Hyosung TNC’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Hyosung TNC reported Scope 1 greenhouse gas (GHG) emissions of 173,508 tCO₂e and total revenues of USD 3,485 millions. This translates into an emissions intensity of 49.79 tCO₂e per millions USD. a
Hyosung TNC's Scope 1 Emissions Intensity Compared to Peers
How does Hyosung TNC's GHG emissions intensity compare to its peers?
In 2023, Hyosung TNC reported a Scope 1 emissions intensity of 49.79 tCO₂e per millions USD. Compared to the peer group median of 84.7 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Hyosung TNC rank on GHG emissions intensity within its industry?
In 2023, Hyosung TNC ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hyosung TNC is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Hyosung TNC's Total Carbon Footprint
In 2023, Hyosung TNC reported a total carbon footprint of 2,251,432 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.12% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Hyosung TNC's total carbon footprint was Scope 3 emissions, accounting for 49.81% of the company's total carbon footprint, followed by Scope 2 emissions at 42.48%. a