Hyundai Steel Co
Hyundai Steel's GHG Emissions Data Preview
In 2023, 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) | 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 | ||||
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 2023, the total operational greenhouse gas (GHG) emissions of Hyundai Steel amounted to 29,269,000 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 Steel increased by 2.69%, suggesting that the company faced challenges in reducing its emissions from its core 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 2023, the total Scope 1 emissions of Hyundai Steel were 26,679,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Hyundai Steel reduced its Scope 1 emissions over time?
Since 2018, Hyundai Steel's Scope 1 emissions have increased by 61.77%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Hyundai Steel's Scope 1 emissions increased by 2.98%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hyundai Steel's Scope 2 emissions?
In 2023, Hyundai Steel reported Scope 2 greenhouse gas (GHG) emissions of 2,590,000 tCO₂e without specifying the calculation method. a
Has Hyundai Steel reduced its Scope 2 emissions over time?
Since 2018, Hyundai Steel's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 55.39%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Hyundai Steel's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hyundai Steel 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Hyundai Steel use for Scope 2 reporting?
In 2023, 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 2023, Hyundai Steel reported 3,487,370 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 Steel includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain 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 2023, Hyundai Steel reported total Scope 3 emissions of 3,487,370 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 72.12% of these emissions originated from upstream activities such as purchased goods and capital goods, while 27.88% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Hyundai Steel's Scope 3 emissions increased by 39.98%, 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 2023, 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 2023, the largest contributors to Hyundai Steel's Scope 3 emissions were: a
- Upstream Transportation and Distribution (Cat. 4): 1,339,780 tCO₂e (38.42%)
- Purchased Goods and Services (Cat. 1): 764,830 tCO₂e (21.93%)
- Investments (Cat. 15): 749,360 tCO₂e (21.49%)
Hyundai Steel's Scope 3 Emissions by Categories
Insights into Hyundai Steel’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Hyundai Steel reported Scope 1 greenhouse gas (GHG) emissions of 26,679,000 tCO₂e and total revenues of USD 20,280 millions. This translates into an emissions intensity of 1,315.52 tCO₂e 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 2023, Hyundai Steel reported a Scope 1 emissions intensity of 1,315.52 tCO₂e per millions USD. Compared to the peer group median of 1,287.7 , 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 2023, Hyundai Steel ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 2023, Hyundai Steel reported a total carbon footprint of 32,756,370 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.69% increase compared to 2022, 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 81.45% of the company's total carbon footprint, followed by Scope 3 emissions at 10.65%. a