Hyundai Motor Co
Hyundai Motor's GHG Emissions Data Preview
In 2023, Hyundai Motor 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 Motor 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | 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 |
Location-Based | 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.  a | 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 Hyundai Motor’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 Hyundai Motor’s data sources below and access millions more through our Disclosure Search.
Insights into Hyundai Motor's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hyundai Motor amounted to 2,528,121 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 Motor decreased by 1.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Hyundai Motor's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hyundai Motor's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Hyundai Motor were 696,590 metric tons of CO₂ equivalent (tCO₂e). a
Has Hyundai Motor reduced its Scope 1 emissions over time?
Since 2021, Hyundai Motor's Scope 1 emissions have decreased by 3.79%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Hyundai Motor's Scope 1 emissions decreased by 3.24%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Hyundai Motor's Scope 2 emissions?
In 2023, Hyundai Motor reported Scope 2 greenhouse gas (GHG) emissions of 1,579,161 tCO₂e using the market-based method and 1,831,531 tCO₂e using the location-based method. a
Has Hyundai Motor reduced its Scope 2 emissions over time?
Since 2021, Hyundai Motor's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 10.33%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Hyundai Motor's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hyundai Motor 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Hyundai Motor use for Scope 2 reporting?
In 2023, Hyundai Motor reported its Scope 2 emissions using the market-based method and using the location-based method. a
Hyundai Motor's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Hyundai Motor's Value Chain Emissions
In 2023, Hyundai Motor reported 141,956,876 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 Motor 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
Hyundai Motor's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hyundai Motor's Scope 3 emissions?
In 2023, Hyundai Motor reported total Scope 3 emissions of 141,956,876 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 17% of these emissions originated from upstream activities such as purchased goods and capital goods, while 83% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Hyundai Motor reduced its Scope 3 emissions over time?
Since 2021, Hyundai Motor's Scope 3 emissions have increased by 10.25%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Hyundai Motor's Scope 3 emissions remained relatively stable, indicating that Hyundai Motor 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Hyundai Motor disclose?
In 2023, Hyundai Motor 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.
What are the main sources of Hyundai Motor's Scope 3 emissions?
In 2023, the largest contributors to Hyundai Motor's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 114,132,523 tCO₂e (80.96%)
- Purchased Goods and Services (Cat. 1): 23,518,427 tCO₂e (16.68%)
- End-of-Life Treatment of Sold Products (Cat. 12): 2,323,327 tCO₂e (1.65%)
Hyundai Motor's Scope 3 Emissions by Categories
Insights into Hyundai Motor’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Hyundai Motor reported Scope 1 greenhouse gas (GHG) emissions of 696,590 tCO₂e and total revenues of USD 127,296 millions. This translates into an emissions intensity of 5.47 tCO₂e per millions USD. a
Hyundai Motor's Scope 1 Emissions Intensity Compared to Peers
How does Hyundai Motor's GHG emissions intensity compare to its peers?
In 2023, Hyundai Motor reported a Scope 1 emissions intensity of 5.47 tCO₂e per millions USD. Compared to the peer group median of 5.28 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Hyundai Motor rank on GHG emissions intensity within its industry?
In 2023, Hyundai Motor ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Hyundai Motor is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Hyundai Motor's Total Carbon Footprint
In 2023, Hyundai Motor reported a total carbon footprint of 144,484,997 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.49% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Hyundai Motor's total carbon footprint was Scope 3 emissions, accounting for 98.25% of the company's total carbon footprint, followed by Scope 2 emissions at 1.27%. a