Hyundai Department Store Group announced that all 11 of its listed affiliates received integrated ESG ratings of A or higher in this year's evaluation. Notably, Hyundai Green Food achieved an integrated A+ rating for the first time, scoring highly in the environmental category.
The group revealed on November 12 that all 11 listed affiliates received integrated A ratings or higher in the '2026 ESG Evaluation' conducted by the Korea Corporate Governance Service (KCGS).
The affiliates evaluated include the holding company Hyundai GF Holdings, Hyundai Department Store, Hyundai Green Food, Hanssem, Hyundai Livart, Hyundai FutureNet, Hyundai Easywell, Hyundai Everdaim, Hyundai Bioland, Zinus, and Daewon Kangup.
Among these, Hyundai Green Food received an integrated A+ rating for the first time this year. Its efforts in eco-friendly management and building a sustainable food culture contributed to its environmental (E) rating rising to A+.
The remaining 10 affiliates, including Hyundai GF Holdings, Hyundai Department Store, Hanssem, and Hyundai Livart, achieved integrated A ratings.
Hyundai FutureNet also improved its environmental rating by one level, moving from an A rating last year to an A+ this year, recognized for its long-term strategies for climate change response and carbon neutrality. Its integrated rating remained at A.
The KCGS evaluates companies' levels of environmental, social, and governance management and assigns integrated ratings. The ratings range from S to D across seven levels, with A+ and A being the second and third highest ratings, respectively.
Hyundai Department Store Group has managed the ESG management levels of its affiliates centered around the holding company. Through the group’s ESG council, it checks areas needing improvement for each affiliate and establishes specific action plans.
The rise in Hyundai Green Food's integrated rating and the improvement in Hyundai FutureNet's environmental rating are seen as results of these ESG management activities. The group plans to continue strengthening its ESG management system centered around the holding company.
Kang Myung-koo, Executive Director of Future Growth Strategy at Hyundai GF Holdings, stated, "We have established specific improvement plans for areas needing enhancement through the group’s ESG council and have continued our efforts for ongoing improvement. We will continue systematic and strategic management activities centered around the holding company."
Meanwhile, Hyundai Department Store's sales in the department store sector increased by 6.5% to 614.5 billion won, while operating profit rose by 27.8% to 114.1 billion won.
* This article has been translated by AI.
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