This year's report details Hyundai's ESG strategies and accomplishments across three sectors: environment, social, and governance, addressing the ongoing industrial transition involving electrification and artificial intelligence (AI).
In the environmental sector, the report highlights Hyundai's achievements in transitioning to renewable energy, including reaching RE100 status for all its facilities in Europe, North America, and India, as well as signing a 147 MW solar power purchase agreement with Hyundai Motor Group Meta Plant America (HMGMA).
It also includes information on the establishment of a battery recycling system and the management of biodiversity risks in line with the Taskforce on Nature-related Financial Disclosures (TNFD) guidelines.
Additionally, the report reveals progress in building an integrated hydrogen value chain and advancing next-generation electrification strategies to lay the groundwork for future growth.
In the social sector, the report notes that 16 vehicle models received the highest ratings (TSP and TSP+) from the Insurance Institute for Highway Safety (IIHS) in the U.S. It also discusses the establishment of a "2030 Safety Management Strategy" and examples of job transitions for employees due to the expansion of electrification and AI.
In the governance sector, Hyundai introduced a senior independent director system and appointed four female directors and three foreign national directors to enhance board diversity. The report also outlines a value-up program aiming for a total shareholder return rate of over 35% from 2025 to 2027 and plans for AI governance.
Since 2003, Hyundai has published an annual sustainability report to inform domestic and international stakeholders, including investors and customers, about its sustainable management status. This year, for the first time, a summary version of the sustainability report has also been released.
As global ESG disclosure requirements expand, the automotive industry recognizes the systematic disclosure of environmental, social, and governance (ESG) management achievements as a key element of corporate competitiveness. Major automotive brands, including Hyundai Motor Group, BMW, and Mercedes-Benz, are publicly sharing their ESG management results, including carbon neutrality and governance improvements.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.