Hyundai Motor
Hyundai Motor Company, commonly referred to as Hyundai, is a leading global automotive manufacturer headquartered in South Korea (KR). Founded in 1967, the company has established a strong presence in major operational regions, including North America, Europe, and Asia. Hyundai operates within the automotive industry, focusing on the design, production, and sale of vehicles, including sedans, SUVs, and electric models. Renowned for its commitment to innovation, Hyundai has achieved significant milestones, such as the introduction of its eco-friendly Ioniq series. The company is recognised for its advanced technology, safety features, and competitive pricing, which have solidified its market position. With a reputation for quality and reliability, Hyundai continues to be a prominent player in the global automotive landscape, consistently earning accolades for its vehicles and sustainability initiatives.
DitchCarbon Score
How does Hyundai Motor'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 Motor Vehicle Manufacturing 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
Hyundai Motor's score of 79 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hyundai Motor's reported carbon emissions
In 2024, Hyundai Motor Company reported total carbon emissions of approximately 1,526,380,000 kg CO2e, with Scope 1 emissions at about 460,430,000 kg CO2e and Scope 2 emissions at approximately 1,065,955,000 kg CO2e. Scope 3 emissions were significantly higher, totalling around 147,253,154,000 kg CO2e, primarily driven by the use of sold products, which accounted for about 114,199,544,000 kg CO2e. Hyundai has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2045. This includes specific targets to reduce Scope 1 and 2 emissions by approximately 60% by 2035 and achieve a complete reduction by 2045, using 2023 as the baseline year. Additionally, the company plans to reduce greenhouse gas emissions by 55% by 2030 compared to 2021 levels. In terms of operational efficiency, Hyundai is focusing on enhancing energy efficiency in production processes and increasing the share of electrified vehicles to mitigate regulatory risks and lower average carbon emissions. The company is also committed to achieving 100% renewable energy usage at its business sites by 2045, aligning with its RE100 initiative. Overall, Hyundai's proactive approach to carbon reduction and commitment to sustainability positions it as a leader in the automotive industry's transition towards a low-carbon future.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 822,273,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 2,032,654,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 7,209,437,000 | 0,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
Hyundai Motor 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.
