In 2024, Hyundai Wia 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 Wia 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 | 16,299.752a | 16,987a | 18,892a | |
Total Scope 2 | ||||
Market-Based | 224,424.474a | 264,790a | 288,467a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 5,523,309a | 3,605,822a | 1,827,465a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.9237a | 2.5269a | 2.9008a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hyundai Wia amounted to 240,724.226 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 Wia decreased by 14.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Hyundai Wia were 16,299.752 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Hyundai Wia's Scope 1 emissions decreased by 4.05%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hyundai Wia reported Scope 2 greenhouse gas (GHG) emissions of 224,424.474 tCO₂e using the market-based method.a
Compared to the previous year (2023), Hyundai Wia's Scope 2 emissions (Market-Based) fell by 15.24% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Hyundai Wia reported its Scope 2 emissions using the market-based method.a
In 2024, Hyundai Wia reported 5,523,309 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 Wia 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 Wia reported total Scope 3 emissions of 5,523,309 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 50.73% of these emissions originated from upstream activities such as purchased goods and capital goods, while 49.27% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Hyundai Wia's Scope 3 emissions have increased by 1,912.21%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Hyundai Wia's Scope 3 emissions increased by 53.18%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Hyundai Wia 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 Wia's Scope 3 emissions were:a
In 2024, Hyundai Wia reported Scope 1 greenhouse gas (GHG) emissions of 16,299.752 tCO₂e and total revenues of USD 5,575 millions. This translates into an emissions intensity of 2.92 tCO₂e per millions USD.a
In 2024, Hyundai Wia reported a Scope 1 emissions intensity of 2.92 tCO₂e per millions USD. Compared to the peer group median of 20.03, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hyundai Wia ranked 5 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 Wia among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Hyundai Wia reported a total carbon footprint of 5,764,033.226 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 48.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hyundai Wia's total carbon footprint was Scope 3 emissions, accounting for 95.82% of the company's total carbon footprint, followed by Scope 2 emissions at 3.89%.a