"Promote ESG Management Actively Inside and Outside"…Hyundai Heavy Industries Group Launches ESG Council
Kang Sam-hyun, CEO of Korea Shipbuilding & Offshore Engineering (center in the photo), and members of the Hyundai Heavy Industries Group ESG Council held an ESG Council meeting on the 8th at the Hyundai Gyedong Building in Seoul. Photo by Hyundai Heavy Industries Group
View original image[Asia Economy Reporter Choi Dae-yeol] On the 8th, Hyundai Heavy Industries Group held a group ESG (Environmental, Social, and Governance) council meeting composed of Chief Sustainability Officers (CSOs) from 11 affiliates at the Hyundai Building in Gyedong, Seoul. This was the first meeting since the council's formation, where they reviewed the current status of ESG management and exchanged opinions on action plans for carbon neutrality.
Regarding the group's ESG vision, they received the first report from a consulting advisory firm and shared ESG performance from each affiliate. Considering the global emphasis on environmental issues, the company stated that they discussed ways to disclose environmental information. Going forward, they plan to actively respond to information disclosure demands from various stakeholders such as rating agencies and investors.
To achieve carbon neutrality, Hyundai Heavy Industries plans to utilize renewable energy and hydrogen energy in production processes and establish a smart yard to reach zero greenhouse gas emissions by 2050. Additionally, they discussed providing education, consulting, and financial support to encourage partner companies to participate in ESG management, as well as an ESG internship program for university students.
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Ga Sam-hyun, CSO of Hyundai Heavy Industries Group and President of Korea Shipbuilding & Offshore Engineering, stated, "It is most important to establish a long-term roadmap with concrete activities," adding, "We will regularize the group ESG council to monitor whether ESG policies are moving in the right direction."
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