Hyundai Elevator Cuts Greenhouse Gas Emissions by Half

Hyundai Elevator announced on the 7th that the greenhouse gas emissions from its domestic business sites last year decreased by about half compared to the previous year.

According to the greenhouse gas emission verification opinion certified by the Korea Standards Association at the company's request, the total greenhouse gas emissions from the company's Chungju Smart Campus, Seoul office, and regional branches nationwide last year amounted to 4,904 tCO2eq (tons of CO2 equivalent), a 51% decrease compared to 9,966 tCO2eq one year earlier.

Solar power generation facility installed on the roof of the logistics center within Hyundai Elevator Chungju Smart Campus
[Photo by Hyundai Elevator]

Hyundai Elevator relocated its headquarters to the Chungju Smart Campus in 2022 and installed a 6 MW-class solar power facility annually. It announced a mid- to long-term RE100 roadmap aiming to reduce emissions by 71% by 2040 and to replace 100% of its electricity consumption with renewable energy by 2050.

The company has formed an ESG subcommittee to actively promote eco-friendly policies. It expanded the solar power facilities to parking lots and canopies, increasing annual production to 7.4 MW. The company explained that this amount of power is equivalent to the annual electricity consumption of 2,543 households based on a four-person family.

Jaecheon Cho, CEO of Hyundai Elevator, said, "The company's and employees' energy-saving efforts for environmental management have led to a significant achievement of reducing greenhouse gas emissions by 51%."

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