Hyundai Motor Group's 5 Companies Included in 'DJSI World Index' "Recognized for ESG Performance"

[Asia Economy Reporter Changhwan Lee] Five Hyundai Motor Group companies, including Hyundai Motor Company, Hyundai Mobis, Hyundai Steel, Hyundai Construction, and Hyundai Glovis, have been recognized for world-class ESG performance in the global sustainability management evaluation DJSI (Dow Jones Sustainability Index).

On the 10th, Hyundai Motor Group announced that these five companies received the 'DJSI World Index (DJSI World)' inclusion certification plaque at the '2021 DJSI Awards Ceremony' held at the Grand Hyatt Seoul in Yongsan-gu, Seoul.

The DJSI World Index is the highest grade among the DJSI indices, which are comprehensively evaluated and announced by the world's largest financial information institution, 'S&P Global,' under the 'S&P Dow Jones Indices,' assessing companies' ESG (Environmental, Social, Governance) performance. Inclusion in the DJSI World Index means that the company ranks within the top 10% in sustainability management evaluation among the top 2,500 global companies by market capitalization.

Hyundai Motor Company, Hyundai Mobis, and Hyundai Glovis were included in the 『DJSI World Index』 for the first time this year, while Hyundai Construction and Hyundai Steel were selected for 12 and 4 consecutive years, respectively.

In particular, all five companies received top-tier scores in their respective industries in the 2021 DJSI sustainability management evaluation in the areas of ▲climate change strategy ▲human rights and supply chain management ▲risk management.

The company explained that this is interpreted as the result of multifaceted efforts such as establishing company-wide ESG councils by each affiliate, strengthening climate change response through carbon neutrality strategy formulation, and introducing ESG risk assessments for workplaces and partners.

In addition, Hyundai Motor Group advanced its ESG management system this year by ▲establishing sustainability management committees within the boards of major affiliates ▲developing and applying group ESG policies/guidelines on key issues such as human rights and supply chains ▲introducing the WEF SCM (World Economic Forum Stakeholder Capitalism Metrics).

A Hyundai Motor Group official said, “The inclusion of Hyundai Motor Group in the DJSI World Index is the result of not only establishing a group-level ESG management system but also recognizing performance improvements by each affiliate,” adding, “We will continuously seek concrete and practical measures to expand and strengthen ESG management, including climate change response.”

Meanwhile, in the domestic major ESG evaluation 'Korea Corporate Governance Service ESG Evaluation' announced last October, all 12 listed companies (Hyundai Motor Company, Kia, Hyundai Mobis, Hyundai Steel, Hyundai Construction, Hyundai Glovis, Hyundai Wia, Hyundai Rotem, Hyundai BNG Steel, Innocean, Hyundai Motor Securities, Hyundai AutoEver) received A grade or higher.

Among them, Kia received the highest grade of A+ in the automobile and parts industry and was selected as an 'ESG Excellent Company,' receiving an evaluation that it is practicing ESG management at the highest level.

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