Kia Corporation

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2021-01 to 2021-12, 2022-01 to 2022-12

In its 2023 reporting, Kia Corporation disclosed greenhouse gas emissions of 1.1M tCO2e/year (Scope 1 & 2). By scope: Scope 1: 354.0K tCO2e/year; Scope 2: 776.9K tCO2e/year; Scope 3: 99.5M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
1.1M tCO2e/year (Scope 1 & 2)
2023
⚡
Renewable Energy
9% in 2023
of total energy
💧
Water Usage
6.3M m3/year
2023
♻️
Waste
231.9K tons/year
2023
⚙️
Energy Use
3.6M MWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).354.0K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.776.9K tCO2e/year
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).99.5M tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20231.1M tCO2e/year (Scope 1 & 2)
2021-01 to 2021-12, 2022-01 to 2022-121.3K tCO2e/year (2022)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water consumption by 10% by 2030
  • Reduce production plant energy use by 20%, enable full process automation excluding assembly by 2040
  • Achieve zero serious accidents in production lines and below 3.0 at suppliers by 2040
  • Utilize over 20% recycled plastic by 2030

📅 Medium-term

  • Reach renewable energy conversion rate 100% in 2040 (12% in 2025, 66% in 2030, 82% in 2035)
  • Sell 2.48 million eco-friendly vehicles in 2030
  • Achieve RE100 in business sites (International 2030, domestic 2040)
  • 100% electrification of Europe and major markets by 2040

🔭 Long-term

  • Achieve carbon neutrality by 2045
  • 100% electrification in global markets by 2045

🌱 ESG Focus Areas

Climate ChangeResource CirculationEmployee Well-beingSupply Chain SustainabilityCustomer Safety & QualityBusiness Ethics

⚠️ Challenges & Risks +

  • Rising prices of domestic emissions trading programs
  • Tighter emissions standards for ICE (internal combustion engines) Vehicle in Europe
  • Instability of supplying raw materials for electric vehicle batteries
  • Increasing demands for climate change disclosure
  • Acute Damage to business from extreme weather
  • Chronic Operational disruptions due to changes in average precipitation
  • Shortage of high-quality waste plastics
  • Technology risks of expanded use of IT

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards 2021, ESRS, SASB, TCFD
Assurance: Third-party assurance provider (name not specified in provided text)