Hyundai Motor Group Ranks First for 6 Consecutive Years in China's Corporate Social Responsibility Development Index

At the 77th Dream Classroom handover ceremony held non-face-to-face between Beijing and Guangxi Nanning, China, last November, attendees are taking a commemorative photo.

[Asia Economy Reporter Kim Hyewon] Hyundai Motor Group announced on the 5th that it was ranked first in the automobile company sector for six consecutive years in the '2021 China Corporate Social Responsibility Development Index Evaluation' released by the Chinese Academy of Social Sciences on the 3rd.

The Corporate Social Responsibility Development Index is the most authoritative and influential CSR evaluation index in China. The Chinese Academy of Social Sciences selects 300 companies in China (100 state-owned, 100 private, and 100 foreign-invested companies) based on sales, brand, and influence, and comprehensively assesses their social contribution activities, employment, employee welfare, customer satisfaction, and environmental contributions to announce the annual rankings.

Since 2016, Hyundai Motor Group has ranked first among automobile companies and second among foreign-invested companies. This year, it rose one rank from last year to third place overall among all companies.

Hyundai Motor Group was highly evaluated for expanding ESG (Environmental, Social, and Governance) management and continuously conducting social contribution activities during the COVID-19 situation. The group established ESG evaluation standards for 67 subsidiaries operating in China and conducted ESG management status assessments and training.

In October, Hyundai Mobis, Hyundai Wia, Hyundai Steel, Hyundai Transys, and other major subsidiaries in China published social responsibility reports disclosing ESG management achievements such as environmental impact management, climate change response activities, social contribution, and compliance management activities.

Customized social contribution activities for local Chinese communities are continuously carried out. A representative program is the 'Dream Classroom,' which donates learning supplies and hardware facilities and provides scholarships to schools with outdated educational facilities. Additionally, the Inner Mongolia desertification prevention project has been conducted for over 10 years, sowing native plants suitable for the local environment in Inner Mongolia, China. Recently, Hyundai Steel opened the first 'Hyundai Steel Senior Dining Hall' in Tianjin, China, in October to improve the health of elderly residents by providing integrated healthcare services such as customized meals and regular health checkups.

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