- Increasing greenhouse gas emissions reduction goals and broadening the scope of carbon emissions management to alleviate the impact on climate change.
- Major customers and investors’ demands for Greenhouse gas emissions reduction from our business sites and products are increasing.
- Safety accidents are highly likely to expose workers in manufacturing facilities and research laboratories, which can also harm the surrounding local communities.
Hyosung Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hyosung Corporation disclosed greenhouse gas emissions of 29.8K tCO2eq. By scope: Scope 1: 21.1K tCO2e; Scope 2: 8.7K tCO2e. 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
29.8K tCO2eq
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). | 21.1K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 8.7K tCO2e |
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 | 29.8K tCO2eq |
| 2021 | 33.4K tCO2eq/year (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced emissions by 6.4% compared to the previous year.
- Increased Hyosung Corporation’s LCA items to 10, up from 3.
- Calculated Scope 1 and 2 emissions of major subsidiaries in 2023.
- Sales from recycled/bio-material products increased 79% compared to the previous year (Hyosung Corporation).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Hyosung Corporation achieving 0% accident rate in 2024
- Third-party assurance for Scope 1 and 2 emissions of major subsidiaries in 2024
- Calculating scope3 emissions for 2024 of major subsidiary manufacturers
📅 Medium-term
- More than 14.5% of emissions reduction by 2030 compared to the level of 2018 (Hyosung Corporation)
🌱 ESG Focus Areas
Sustainable Products and Technology DevelopmentResponse to Climate ChangeCollaborative Partnership with Businesses across the Value Chain and CommunitiesReinforcement of Workplace Health and SafetyReinforcement of Sustainability Leadership and Risk Management