Environmental

Carbon Neutrality Roadmap

HHI reported its carbon neutrality roadmap to the ESG Committee under the Board of Directors in the first half of 2023. In May 2023, HHI, together with HD Hyundai’s shipbuilding affiliates, declared its commitment to achieving carbon neutrality by 2050 and publicly released its implementation roadmap. This roadmap was developed in line with the 1.5°C scenario, based on an IPCC SSP scenario analysis. Its targets were set in consideration of domestic and international climate-related laws and regulations, the industry’s transition status, HHI’s technology development progress, and alignment with business strategies.

※ The carbon neutrality roadmap may be revised in response to future regulatory changes, including the introduction of mandatory consolidated reporting requirements.

HHI aims to reduce greenhouse gas emissions (Scope 1 and 2) from its business operations by 28% by 2030 and 60% by 2040, compared to 2018 levels, with the goal of achieving carbon neutrality by 2050.

Action Plan for Carbon
Neutrality by 2050

HHI has established a 2050 carbon neutrality roadmap and formulated an action plan tailored to industry characteristics. We will achieve carbon neutrality by improving energy efficiency and electrification, transitioning to low-/zero-carbon fuels, and expanding the use of renewable energy.