Hyundai Construction Equipment Division's 3 Companies Support Partner Companies' ESG Management
Korea Productivity Center Launches 'Supply Chain ESG Management Support Project'
[Asia Economy Reporter Park Sun-mi] Three companies in the HD Hyundai construction machinery division are actively supporting ESG (Environmental, Social, and Governance) management for their partner companies.
Hyundai Genuine, Hyundai Construction Equipment, and Hyundai Doosan Infracore announced on the 11th that they have started the "Supply Chain ESG Management Support Project" in collaboration with the Korea Productivity Center (KPC). This project aims to support partner companies struggling with ESG management to establish their own ESG management systems and enhance their capabilities to proactively respond to the European Union (EU) 'Supply Chain Due Diligence Directive.'
The three companies will promote the improvement of partner companies' ESG levels through ▲ ESG education for partner companies ▲ establishment of ESG evaluation indicators and online self-assessment ▲ on-site inspections and consulting.
Regarding the ESG self-assessment, it will be conducted for 300 partner companies this year. To reduce the evaluation workload for partner companies and enhance the reliability of the diagnosis results, the evaluation will be conducted using an online ESG self-assessment system developed by the professional organization Korea Productivity Center. In particular, considering transaction importance and ESG management levels, 60 partner companies wishing to participate will be selected, and additional on-site inspections and consulting will be provided to support the identification of improvement directions and tasks and their implementation.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
A Hyundai Genuine official stated, "The three construction machinery companies are expanding various support measures so that partner companies can easily respond to ESG issues such as ethical management, fair trade, human rights, environment, and social issues," adding, "We plan to advance supply chain ESG management by spreading the supply chain ESG management system to overseas business sites in the future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
