Hyundai Mobis expands Korean automotive semiconductor supply consortium
Auto parts supplier Hyundai Mobis convened 53 industrial partners at the Auto Semicon Korea forum to build a domestic supply chain for vehicle microchips
SEOUL, South Korea - Hyundai Mobis has extended its greenhouse gas reduction targets to 2030 and received approval from the Science Based Targets initiative (SBTi) for its ambitious plans. This follows a comprehensive presentation of reduction targets and implementation methods for the next five years. The company's mid-to-long-term GHG reduction plan aligns with strengthened sustainability policies worldwide, supporting global orders and enhancing mobility competitiveness.
Approved by SBTi, Hyundai Mobis aims to lower its Scope 1 and 2 GHG emissions by 46% and Scope 3 emissions by 55% per million KRW of value added by 2030. The company is also setting a goal of 65% renewable energy usage at domestic and international facilities by 2030, rising to 100% by 2040. Hyundai Mobis is investing in solar power generation at key facilities in Korea and expanding installations in India and other countries.
The company is also supporting partners in systematizing GHG management and purchasing low-carbon raw materials to reduce emissions in its supply chain.
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