In 2024, Hyundai Mobis 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 Mobis has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 52,991a | 52,795a | 55,557a | |
Total Scope 2 | ||||
Market-Based | 348,511a | 333,452a | 334,377a | |
Location-Based | 371,059a | 351,310a | 340,595a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 3,136,024a | 3,344,082a | 3,077,693a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.3585a | 1.1385a | 1.3489a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hyundai Mobis amounted to 424,050 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 2023, the total operational greenhouse gas (GHG) emissions of Hyundai Mobis increased by 4.94%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hyundai Mobis were 52,991 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hyundai Mobis's Scope 1 emissions have increased by 17.51%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hyundai Mobis's Scope 1 emissions remained relatively stable, indicating that Hyundai Mobis's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Hyundai Mobis reported Scope 2 greenhouse gas (GHG) emissions of 348,511 tCO₂e using the market-based method and 371,059 tCO₂e using the location-based method.a
Compared to the previous year (2023), Hyundai Mobis's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hyundai Mobis's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Hyundai Mobis reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Hyundai Mobis reported 3,136,024 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 2024 disclosure of Hyundai Mobis includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Hyundai Mobis reported total Scope 3 emissions of 3,136,024 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 40.93% of these emissions originated from upstream activities such as purchased goods and capital goods, while 59.07% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Hyundai Mobis's Scope 3 emissions have increased by 13,069.38%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hyundai Mobis's Scope 3 emissions remained relatively stable, indicating that Hyundai Mobis's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Hyundai Mobis reported emissions for 13 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 2024, the largest contributors to Hyundai Mobis's Scope 3 emissions were:a
In 2024, Hyundai Mobis reported Scope 1 greenhouse gas (GHG) emissions of 52,991 tCO₂e and total revenues of USD 39,007 millions. This translates into an emissions intensity of 1.36 tCO₂e per millions USD.a
In 2024, Hyundai Mobis reported a Scope 1 emissions intensity of 1.36 tCO₂e per millions USD. Compared to the peer group median of 7.59, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hyundai Mobis ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hyundai Mobis among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Hyundai Mobis reported a total carbon footprint of 3,560,074 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.02% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hyundai Mobis's total carbon footprint was Scope 3 emissions, accounting for 88.09% of the company's total carbon footprint, followed by Scope 2 emissions at 10.42%.a