Hyundai Glovis Co Ltd

Common Name
Hyundai Glovis
Country
South Korea
Sector
Industrials
Industry
Integrated Freight & Logistics
Employees
2,304
Ticker
086280
Exchange
KOREA EXCHANGE
Description
Hyundai Glovis Co., Ltd. is a prominent player in the logistics and supply chain management industry. Established as a subsidiary of the Hyundai Motor Group, its primary function is to streamline glob...

Hyundai Glovis's GHG Emissions Data Preview

In 2023, Hyundai Glovis 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 Glovis has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hyundai Glovis's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Hyundai Glovis amounted to 3,500,014 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Hyundai Glovis decreased by 11.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Hyundai Glovis's Scope 1 Emissions Over Time

2019202020212022202301.5 M3 M4.5 M6 MtCO2e-23%+23%+2%-11%
  • Total Scope 1
  • Year-over-Year Change

What are Hyundai Glovis's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Hyundai Glovis were 3,489,416 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Hyundai Glovis reduced its Scope 1 emissions over time?

Since 2019, Hyundai Glovis's Scope 1 emissions have decreased by 13.8%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Hyundai Glovis's Scope 1 emissions decreased by 11.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Hyundai Glovis's Scope 2 emissions?

In 2023, Hyundai Glovis reported Scope 2 greenhouse gas (GHG) emissions of 10,598 tCOâ‚‚e using the location-based method.

Has Hyundai Glovis reduced its Scope 2 emissions over time?

Since 2019, Hyundai Glovis's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 24.21%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Hyundai Glovis's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hyundai Glovis 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Hyundai Glovis use for Scope 2 reporting?

In 2023, Hyundai Glovis reported its Scope 2 emissions using the location-based method.

Hyundai Glovis's Scope 2 Emissions Over Time

2019202020212022202303 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Hyundai Glovis's Value Chain Emissions

In 2023, Hyundai Glovis reported 33,189 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Hyundai Glovis includes a breakdown across 2 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.

Hyundai Glovis's Scope 3 Emissions Over Time

20192020202120222023015 k30 k45 k60 ktCO2e+2636%0%-23%-16%
  • Total Scope 3
  • Year-over-Year Change

What are Hyundai Glovis's Scope 3 emissions?

In 2023, Hyundai Glovis reported total Scope 3 emissions of 33,189 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Hyundai Glovis reduced its Scope 3 emissions over time?

Since 2019, Hyundai Glovis's Scope 3 emissions have increased by 1,658.82%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Hyundai Glovis's Scope 3 emissions decreased by 16.47%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Hyundai Glovis disclose?

In 2023, Hyundai Glovis reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Hyundai Glovis's Scope 3 emissions?

In 2023, the largest contributors to Hyundai Glovis's Scope 3 emissions were:

  • Upstream Transportation and Distribution (Cat. 4): 31,425 tCOâ‚‚e (94.68%)
  • Business Travel (Cat. 6): 1,764 tCOâ‚‚e (5.32%)

Hyundai Glovis's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(5.3%)UpstreamTransportation andDistribution(Cat. 4)(94.7%)

Insights into Hyundai Glovis's Total Carbon Footprint

In 2023, Hyundai Glovis reported a total carbon footprint of 3,533,203 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.11% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Hyundai Glovis's total carbon footprint was Scope 1 emissions, accounting for 98.76% of the company's total carbon footprint, followed by Scope 3 emissions at 0.94%.

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