Hwaseung Corporation Co.,Ltd.
Hwaseung Corporation Co., Ltd., headquartered in South Korea (KR), is a prominent player in the automotive and industrial sectors. Founded in 1953, the company has established itself as a leader in manufacturing high-quality automotive components, including tyres and rubber products, catering to both domestic and international markets. With a strong presence in Asia and beyond, Hwaseung is renowned for its innovative approach to product development, focusing on durability and performance. The company’s commitment to quality has earned it significant recognition, positioning it as a trusted supplier for major automotive manufacturers. Notable achievements include various industry awards that highlight its excellence in engineering and sustainability practices. Through continuous investment in technology and research, Hwaseung Corporation remains at the forefront of the automotive industry, delivering unique solutions that meet the evolving needs of its clients.
DitchCarbon Score
How does Hwaseung Corporation Co.,Ltd.'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 Rubber and Plastic Products 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
Hwaseung Corporation Co.,Ltd.'s score of 26 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hwaseung Corporation Co.,Ltd.'s reported carbon emissions
In 2022, Hwaseung Corporation Co., Ltd. reported total carbon emissions of approximately 964,119,000 kg CO2e. This figure includes Scope 1 emissions of about 72,542,000 kg CO2e, Scope 2 emissions (market-based) of approximately 141,199,520 kg CO2e, and significant Scope 3 emissions totalling around 773,398,010 kg CO2e. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 598,387,000 kg CO2e) and capital goods (approximately 43,369,000 kg CO2e). The company has set ambitious climate commitments, aiming for a 50% reduction in absolute greenhouse gas emissions by 2030, with a long-term goal of achieving Net Zero by 2050. This commitment aligns with the 1.5°C climate target, demonstrating Hwaseung's proactive approach to mitigating climate change impacts. The reduction targets apply to both Scope 1 and Scope 2 emissions, reflecting a comprehensive strategy to address their carbon footprint.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 72,025,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 116,249,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 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.
Hwaseung Corporation Co.,Ltd. is not participating in any 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.
