Hyosung
Hyosung Corporation, a prominent player in the global manufacturing sector, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and the Americas. Founded in 1966, Hyosung has established itself as a leader in various industries, including textiles, chemicals, and industrial machinery. The company is renowned for its innovative core products, such as high-performance textiles and advanced industrial equipment, which are distinguished by their quality and technological advancements. Hyosung's commitment to sustainability and efficiency has positioned it favourably in the market, earning accolades for its eco-friendly practices and cutting-edge solutions. With a strong emphasis on research and development, Hyosung continues to drive growth and maintain its competitive edge in the global marketplace.
DitchCarbon Score
How does Hyosung's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hyosung's score of 50 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyosung's reported carbon emissions
In 2023, Hyosung Advanced Materials Corporation reported total greenhouse gas emissions of approximately 47,870,000 kg CO2e. This includes 8,575,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 39,301,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Notably, their Scope 3 emissions reached about 1,121,529,000 kg CO2e, primarily driven by purchased goods and services, which accounted for approximately 1,044,368,000 kg CO2e. Hyosung has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using 2021 as the base year. Additionally, they plan to cut Scope 3 emissions from purchased goods and services and fuel- and energy-related activities by 25% within the same timeframe. Furthermore, the company is committed to ensuring that 60% of its suppliers by spend covering purchased goods and services will have science-based targets by 2028. These targets align with the Science Based Targets initiative (SBTi) and reflect Hyosung's commitment to addressing climate change effectively.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 440,926,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 1,128,255,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000 | - | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hyosung is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
