In 2024, Hyundai Rotem 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 Rotem 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 7,632.07a | 7,047.347b | 8,466a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 19,856.792a | 19,441.432b | 18,486a | |
Total Scope 3 | 7,515,017.663a | 8,887,720.515b | 8,269,899a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.5589a | 2.5103b | 3.3728a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hyundai Rotem amounted to 27,488.862 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 Rotem increased by 3.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Hyundai Rotem were 7,632.07 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Hyundai Rotem's Scope 1 emissions have decreased by 14.17%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hyundai Rotem's Scope 1 emissions increased by 8.3%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Hyundai Rotem reported Scope 2 greenhouse gas (GHG) emissions of 19,856.792 tCO₂e without specifying the calculation method.a
Since 2021, Hyundai Rotem's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 12.5%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Hyundai Rotem's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hyundai Rotem's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Hyundai Rotem reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Hyundai Rotem reported 7,515,017.663 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 Rotem includes a breakdown across 9 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 Rotem reported total Scope 3 emissions of 7,515,017.663 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.63% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.37% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Hyundai Rotem's Scope 3 emissions have increased by 7,932.64%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hyundai Rotem's Scope 3 emissions decreased by 15.44%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Hyundai Rotem reported emissions for 9 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.
In 2024, the largest contributors to Hyundai Rotem's Scope 3 emissions were:a
In 2024, Hyundai Rotem reported Scope 1 greenhouse gas (GHG) emissions of 7,632.07 tCO₂e and total revenues of USD 2,983 millions. This translates into an emissions intensity of 2.56 tCO₂e per millions USD.a
In 2024, Hyundai Rotem reported a Scope 1 emissions intensity of 2.56 tCO₂e per millions USD. Compared to the peer group median of 35.48, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hyundai Rotem ranked 1 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Hyundai Rotem among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Hyundai Rotem reported a total carbon footprint of 7,542,506.525 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.39% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Hyundai Rotem's total carbon footprint was Scope 3 emissions, accounting for 99.64% of the company's total carbon footprint, followed by Scope 2 emissions at 0.26%.a