- Slowing demand for electric vehicles
- Heightening global competition
- Rising geopolitical risks
- Mandatory disclosure of ESG information
- Proliferation of environmental and human rights regulations
- Water scarcity in some production regions (India)
- EU Carbon Border Adjustment Mechanism (CBAM)
- U.S. Inflation Reduction Act (IRA) requirements
Hyundai Motor Company
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hyundai Motor Company disclosed greenhouse gas emissions of 2.3M tCO2e/year. By scope: Scope 1: 696.6K tCO2e/year; Scope 2: 1.6M tCO2e/year; Scope 3: 114.1M 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
2.3M tCO2e/year
2023
Renewable Energy
12.7%
of total energy
Water Usage
11.1M m3/year
2023
Waste
66.7K tons/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 696.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6M tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 114.1M 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 period | Headline emissions figure reported |
|---|---|
| 2023 | 2.3M tCO2e/year |
| 2022 | 2.4M tCO2e (Scope 1 & 2) |
| 2021 | 2.4M tCO2-eq/year (Scope 1+2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Sold 695,382 eco-friendly vehicles (including 268,785 EVs, a 28% increase from 2022)
- Achieved RE100 at Hyundai Motor Manufacturing Indonesia in 2023 (following Czech Republic in 2022)
- Increased renewable energy use at global sites by 69% compared to 2022
- Completed LCAs for 25 vehicle models (40.9% of all vehicles sold)
- Increased water reuse by 15.2% compared to 2022 (recycled 2,631,445 tons)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve RE100 at plants in the U.S., Mexico, Türkiye and India by 2025
- Reduce water consumption by 30% by 2029 (Czech plant)
📅 Medium-term
- Achieve RE100 at plants in Brazil, China, Singapore and Vietnam by 2027
- Sell 2 million EVs by 2030
- Achieve 100% EV sales in Europe by 2035
🔭 Long-term
- Achieve carbon neutrality by 2045
- Achieve RE100 at all global operations by 2045
- Achieve 100% EV sales in key markets by 2040
🌱 ESG Focus Areas
Climate Change MitigationConsumer SafetyHuman RightsSupply Chain Labor RightsLabor-Management RelationsEmployee Health and SafetyResource Circulation Related to Products