Green Management

Green Management Policy

Based on the vision of ‘Social Companion – Social Good Partner’, Hyundai Corporation strives to become a sustainable corporation. Recently, international efforts to have interest in climate change and environmental issues and solve these issues are continuing. In light with such international trend, Hyundai Corporation Group is conducting green mobility business such as EV parts, renewable energy business, green material business and building green energy infrastructure such as hydrogen and related business in order to deal with global climate change and maintain green management system.

Environmental Goals, Implementation Plans, and Progress

Hyundai Corporation Group has set its mid- to long-term environmental goals in line with its environmental management policy, and continues to strive to achieve them by establishing step-by-step goals. The company has two main goals: ‘implementation of RE100’ and ‘expansion of eco-friendly energy and mobility-related businesses’. RE100 is being promoted by Hyundai Renewable Lab, which is in the solar power business. Renewable energy-related businesses include solar energy investment and electric vehicle-related business development. Our Passenger Car Parts Division is taking an interest in the eco-friendly electric vehicle-related business, which has recently become a global buzz, and is making continuous efforts to discover and expand new businesses.

Green Management TFT Activity

In order to promote green management, Hyundai Corporation has form a practical TF organization that combines both the management sector and the sales sector to take mid- to long-term response to global climate change, and is conducting activities to minimize environmental effects from the head office and overseas business sites. Major tasks under the green management TFT include RE100: implementing 100% supply of renewable energy of required electricity, continuing investment and inspecting on operation of eco-friendly photovoltaic power plant, introducing paperless way of work by introducing digital work system, recycling paper for printing and photocopying, switching off the lights and computers during breaks, minimizing the use of elevators by campaigning about healthy walking and the use of stairs, and setting up plans to educate staff on green management.

Energy Saving Activities

Hyundai Corporation strives for sustainable development of the human race by reducing the energy use. Yonhap News Building, where the company is stationed, has installed environmentally friendly photovoltaic panels in the windows to supply for part of the electricity consumption in the building, and actuated signal taps are used in all toilets to save energy and water as part of the building’s eco-friendly operation.

• Energy Saving Activity : Hyundai Corporation continuously reduces energy consumption by campaigning about switching the lights off outside the hours (evenings and lunch time) and saving on water. As a result of the energy saving campaign, Hyundai Corporation Holdings’ electricity usage decreased to 39,238 kwh in 2019, 33,282 kwh in 2020, and 33,653 kwh in 2021, 31,944 kwh in 2022, 30,319 kwh in 2023.  Water usage is also continuously decreasing to 59 tons in 2019, 51 tons in 2020, and 53 tons in 2021, 43 tons in 2022, 41 tons in 2023.

• Waste Disposal Reduction Activity : Hyundai Corporation’s domestic business sites produce no wastes other than the life wastes from Yonhap News Building where it is currently stationed. In order to minimize the disposal of life wastes, we are continuing activities such as paperless meetings company-wide by introducing digital meeting equipment (reduction of approximately 70% in consumables such as printer toner), minimizing computer related wastes through the use of VDI (virtual desktop) among all staff, and minimizing the use of printing paper by advising double-sided printing.

Environmental Education

We continuously conduct environmental education on all staff members of Hyundai Corporation Group to raise awareness of the environment, expand eco-friendly businesses, and strengthen ESG management. The main training details for each year are as follows.

• (‘20) The law of nature and consilience – How humans live after COVID-19, Coexistence with nature
• (’21) Understanding the future with hydrogen economy and our opportunities, Green growth engines – Biological technology and industry, Green ammonia energy
• (’22) Trend of the Eco-Friendly Mobility Industry and ESG Strategies
• (’23) Waste Plastic Recycling business lecture

Responding to Climate Change with Farm Operations

Hyundai Corporation Group is operating a mango farm of about 260ha. About 28,000 mango trees planted on the farm produce fruit while also absorbing carbon, the main cause of climate change. Hyundai Corporation Group strives to achieve low-carbon green growth by continuously planting mango trees every year.

Development of Eco-friendly Products for Sustainable Growth