Hydrogen Vehicles and Desulfurization Devices... Hyundai Glovis Publishes Sustainability Management Report

Establishment of 3 Major Policies and 6 Mid-to-Long-Term Tasks for Sustainable Management

[Asia Economy Reporter Yu Je-hoon] Hyundai Glovis announced on the 22nd that it has published the '2020 Sustainability Management Report,' which contains the achievements and future vision of sustainable management. Sustainable management refers to management activities that pursue continuous growth by enhancing corporate value and competitiveness through balanced growth with various stakeholders.

Through this report, Hyundai Glovis set three major policies: ▲ Creating future value based on trust and sharing ▲ Building a sustainable value chain ▲ Establishing a workplace that prioritizes people, and selected six mid- to long-term tasks to implement these policies, planning to execute them by 2025.

In particular, this year’s report focused on environmental management achievements that leverage the characteristics of logistics companies among the mid- to long-term execution tasks. In the logistics business division, representative examples include the introduction and operation of hydrogen cargo trucks, eco-friendly refrigerated electric vehicle delivery services, and the establishment of electric commercial vehicle charging infrastructure. In the shipping sector, notable efforts include the installation of scrubbers (desulfurization devices) and onshore power supply facilities to reduce sulfur oxides (SOx) emissions from ships.

Additionally, Hyundai Glovis analyzed sustainable management achievements based on the increasingly important ESG framework and included this in the report. ESG stands for Environment, Social, and Governance, which are non-financial factors used in corporate investment, transactions, and credit evaluations.

The report also expresses the company’s commitment to 'human rights management.' In fact, Hyundai Glovis has established a human rights policy to protect the rights of its employees and operates psychological counseling services and grievance handling channels.

A Hyundai Glovis official stated, "We will fulfill our social responsibilities to gain the trust of stakeholders such as customers, shareholders, and local communities, thereby laying the foundation for a leap forward into the future."

This content was produced with the assistance of AI translation services.