In 2023, Hyundai Engineering & Construction 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).
Hyundai Engineering & Construction has also provided a category-level breakdown for 10 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2023, the total operational greenhouse gas (GHG) emissions of Hyundai Engineering & Construction amounted to 363,374 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 Hyundai Engineering & Construction decreased by 5.58%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2023, the total Scope 1 emissions of Hyundai Engineering & Construction were 270,467 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Hyundai Engineering & Construction's Scope 1 emissions have decreased by 36.09%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Hyundai Engineering & Construction's Scope 1 emissions decreased by 12.69%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2023, Hyundai Engineering & Construction reported Scope 2 greenhouse gas (GHG) emissions of 92,907 tCO₂e without specifying the calculation method. a
Since 2018, Hyundai Engineering & Construction's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 45.54%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Hyundai Engineering & Construction's Scope 2 emissions (Unspecified Calculation Method) rose by 23.75% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
In 2023, Hyundai Engineering & Construction reported its Scope 2 emissions using an unspecified methodology. a
In 2023, Hyundai Engineering & Construction reported 5,765,722 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 Hyundai Engineering & Construction includes a breakdown across 10 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
In 2023, Hyundai Engineering & Construction reported total Scope 3 emissions of 5,765,722 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 49.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.04% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, Hyundai Engineering & Construction's Scope 3 emissions have increased by 1,049.73%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Hyundai Engineering & Construction's Scope 3 emissions decreased by 13.41%, highlighting the company's efforts to lower indirect emissions from its value chain. a
In 2023, Hyundai Engineering & Construction reported emissions for 10 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 2023, the largest contributors to Hyundai Engineering & Construction's Scope 3 emissions were: a
In 2023, Hyundai Engineering & Construction reported Scope 1 greenhouse gas (GHG) emissions of 270,467 tCO₂e and total revenues of USD 23,204 millions. This translates into an emissions intensity of 11.66 tCO₂e per millions USD. a
In 2023, Hyundai Engineering & Construction reported a Scope 1 emissions intensity of 11.66 tCO₂e per millions USD. Compared to the peer group median of 12.28 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2023, Hyundai Engineering & Construction ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hyundai Engineering & Construction is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2023, Hyundai Engineering & Construction reported a total carbon footprint of 6,129,096 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.98% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Hyundai Engineering & Construction's total carbon footprint was Scope 3 emissions, accounting for 94.07% of the company's total carbon footprint, followed by Scope 1 emissions at 4.41%. a