CEO Yong-bae Lee: "Hyundai Rotem Will Leap Forward by Shifting to Hydrogen and Robot Sectors"

First Publication of Sustainability Management Report
Announcement of Sustainability Management Strategies Including Ethical Management, Win-Win Growth, and Eco-Friendly Activities

Lee Yong-bae, President of Hyundai Rotem

[Asia Economy Reporter Kim Heung-soon] Lee Yong-bae, President of Hyundai Rotem, declared that the company will strengthen its ESG (Environmental, Social, and Governance) management and reorganize its business areas toward sustainable sectors such as hydrogen and robotics.

In his greeting message in Hyundai Rotem's 'Sustainability Management Report 2021' published on the 22nd, President Lee stated, "Hyundai Rotem is overcoming the global economic downturn and social instability by focusing on enhancing the efficiency of the parts supply chain system and productivity management," adding, "Based on this, we will rapidly transition to sustainable sectors such as hydrogen and robotics to achieve a new leap forward."

On the same day, Hyundai Rotem released its first-ever sustainability management report since its founding, containing ESG-related activities carried out last year and key company information. The report presented the vision of sustainability management as 'Sustainable Growth with Stakeholders through Creative Innovation,' highlighting four core keywords to realize this: Principles of Governance, Planet, People, and Prosperity. It also introduced three major directions, nine strategic tasks, and achievements in meeting the United Nations (UN) Sustainable Development Goals (UNSDGs).

Hyundai Rotem Sustainability Management Report 2021 Cover Photo by Hyundai Rotem

Earlier, Hyundai Rotem designated this year, when it published the sustainability management report, as the inaugural year of ESG management and, in April, renamed its business divisions from the previous Railway, Defense, and Plant to Rail Solution, Defense Solution, and Eco Plant divisions, respectively.

A Hyundai Rotem official said, "We published the sustainability management report to respond to social demands and provide Hyundai Rotem's ESG plans and future strategies to key stakeholders," adding, "We plan to carry out various ESG activities to create a sustainable future and fulfill our social responsibilities."

The full report is available for anyone to view on Hyundai Rotem's website.

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