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Hyundai Steel Co
Hyundai Steel's GHG Emissions Data Preview
In 2024, Hyundai Steel 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 Steel has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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 | ||||
Unspecified Calculation Method | 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 Steel’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 Steel’s data sources below and access millions more through our Disclosure Search.
Insights into Hyundai Steel's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHyundai Steel amounted to29,224,000metric 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 Steeldecreased by 1.49%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hyundai Steel's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hyundai Steel's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hyundai Steel were 26,746,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hyundai Steel reduced its Scope 1 emissions over time?
Since 2019, Hyundai Steel's Scope 1 emissions have decreased by 1.54%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Hyundai Steel's Scope 1 emissions remained relatively stable, indicating that Hyundai Steel's emissions have plateaued with no significant change in its operational footprint.a
What are Hyundai Steel's Scope 2 emissions?
In 2024, Hyundai Steel reported Scope 2 greenhouse gas (GHG) emissions of 2,478,000 tCOâ‚‚e without specifying the calculation method.a
Has Hyundai Steel reduced its Scope 2 emissions over time?
Since 2019, Hyundai Steel's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 16.93%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Hyundai Steel's Scope 2 emissions(Unspecified Calculation Method) fell by 11.81% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Hyundai Steel use for Scope 2 reporting?
In 2024, Hyundai Steel reported its Scope 2 emissions using an unspecified methodology.a
Hyundai Steel's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hyundai Steel's Value Chain Emissions
In 2024, Hyundai Steel reported 5,909,657 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Hyundai Steel includes a breakdown across 12of 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
Hyundai Steel's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hyundai Steel's Scope 3 emissions?
In 2024, Hyundai Steel reported total Scope 3 emissions of 5,909,657 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 87.91%of these emissions originated from upstream activities such as purchased goods and capital goods, while 12.09%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hyundai Steel's Scope 3 emissions increased by 69.46%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Hyundai Steel disclose?
In 2024, Hyundai Steel reported emissions for 12 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 Steel's Scope 3 emissions?
In 2024, the largest contributors to Hyundai Steel's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 3,310,104 tCOâ‚‚e(56.01%)
- Upstream Transportation and Distribution (Cat. 4): 1,321,862 tCOâ‚‚e(22.37%)
- Investments (Cat. 15): 472,934 tCOâ‚‚e(8%)
Hyundai Steel's Scope 3 Emissions by Categories
Insights into Hyundai Steel’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hyundai Steel reported Scope 1 greenhouse gas (GHG) emissions of 26,746,000 tCOâ‚‚e and total revenues of USD 15,828 millions. This translates into an emissions intensity of 1,689.77 tCOâ‚‚e per millions USD.a
Hyundai Steel's Scope 1 Emissions Intensity Compared to Peers
How does Hyundai Steel's GHG emissions intensity compare to its peers?
In 2024, Hyundai Steel reported a Scope 1 emissions intensity of 1,689.77 tCOâ‚‚e per millions USD. Compared to the peer group median of 1,459.72, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Hyundai Steel rank on GHG emissions intensity within its industry?
In 2024, Hyundai Steel ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hyundai Steel is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hyundai Steel's Total Carbon Footprint
In 2024, Hyundai Steel reported a total carbon footprint of 35,133,657 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.97% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hyundai Steel's total carbon footprint was Scope 1 emissions, accounting for 76.13% of the company's total carbon footprint, followed by Scope 3 emissions at 16.82%.a