Hyundai Construction Equipment Wins Grand Prize in ESG Management Category at '2022 Korea Management Awards'

Excellent Evaluation for ESG Governance Establishment and Climate Change Response Strategy

At the 2022 Korea Management Awards ceremony held at the Seoul Shilla Hotel, Choi Cheol-gon, President of Hyundai Construction Equipment (third from the left), and employees are posing for a commemorative photo after receiving the Grand Prize in the 'ESG Management Category' and the Best Company Award in the 'Sustainability Report Category.'
[Photo by Hyundai Construction Equipment]

[Asia Economy Reporter Han Yeju] Hyundai Construction Equipment announced on the 7th that it received two awards at the '2022 Korea Management Awards' ceremony: the Grand Prize in the ESG Management category and the Best Company in Sustainability Reporting.

The 'Korea Management Awards,' organized by the Korea Management Association Consulting (KMAC), is an award given to companies that have received excellent evaluations in management capabilities and innovation activities. It began in 1988 and is now in its 35th year.

Hyundai Construction Equipment was recognized for establishing a promotion system through building 'ESG Governance,' including the establishment of an ESG Committee within the board of directors and the operation of an internal ESG Management Committee. It was highly evaluated for its 'Climate Change Response Strategy' and the formulation and implementation of the '2050 Carbon Neutrality Achievement Strategy.' Additionally, KMAC noted Hyundai Construction Equipment's continuous efforts in eco-friendly procurement and support for ESG activities of partner companies.

With this award, Hyundai Construction Equipment once again demonstrated its achievements in ESG management activities, following its acquisition of an integrated grade A from both Korea ESG Standards Institute (KCGS) and Sustainvest (SUSTINVEST), the leading domestic ESG evaluation organizations, this year.

A Hyundai Construction Equipment official stated, "Based on the ESG fundamentals established this year, we will expand activities to global business sites in the future and build an ESG management system for the supply chain to become a leading company in ESG management for a better future."

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