HDC to Create "Sustainable Value" Through ESG Management

HDC Hyundai Development Company held the award ceremony for the 1st Safety Competition '2022 With SAFETY CHALLENGE' on December 20th to discover excellent cases and ideas for on-site safety management. (Photo by Hyundai Development Company)

[Asia Economy Reporter Ryu Taemin] HDC Hyundai Development Company expressed its commitment to a sustainable future by publishing the "Sustainability Management Report 2022," which contains its ESG management performance last month.

The Sustainability Management Report emphasized the Social (S) sector the most, which mainly includes measures to improve safety and quality systems. HDC Hyundai Development Company has established and operates a process to report major issues related to safety and health to the board of directors for discussion and deliberation.

In fact, to strengthen safety and quality, HDC Hyundai Development Company established a Construction Innovation Team in August, led by Professor Park Honggeun of Seoul National University, who is recognized as the top authority in domestic structure and quality fields, composed of internal and external experts in structure, construction, and safety. Additionally, by operating the HDC SAFETY-I ACADEMY, it is promoting safety innovation management involving about 800 people, including executives, site managers and supervisors, safety and health managers, and CEOs of partner companies.

Furthermore, it is establishing a technical safety system by reviewing technology at each project stage, building DFS (Design for Safety), and managing construction plans. Through the operation of an integrated CCTV control center, high-risk tasks requiring risk assessment and Permit to Work (PTW) are monitored in real-time with fixed and mobile CCTVs, intensively managing risk factors across all sites. Efforts to establish quality standards are also being pursued alongside safety. The warranty period for structural safety defects of all buildings has been significantly extended from 10 years to 30 years.

Major achievements in the Environmental (E) sector include the formation of a dedicated environmental organization and management system, development and application of eco-friendly technologies, measures to minimize environmental impact such as waste, water, and dust management, and climate change response measures such as energy and greenhouse gas management. In the Governance (G) sector, key achievements include transparent board operation, establishment of ethical management, advancement of risk management systems, and establishment of information protection systems.

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