Hyundai Department Store Publishes 'Sustainable Management Report 2022'... Active ESG Communication Efforts

Detailed 'TCFD' Report Included
Focus on Top 5 Key Issues

Hyundai Department Store announced on the 9th that it has released the 'Sustainability Management Report 2022' and will actively communicate with key partners.

Hyundai Department Store published the sustainability management report containing last year's ESG management activity achievements, future plans, and ESG policies. The report also includes the 'TCFD (Task Force on Climate-related Financial Disclosures)' report. TCFD is an international consortium established in 2015 by the Financial Stability Board (FSB) of the Bank for International Settlements (BIS) at the request of the Group of Twenty (G20), recommending companies to establish management strategies and action plans based on climate change scenario forecasts. Hyundai Department Store is the first in the distribution industry to publish a TCFD report.

Hyundai Department Store 'Sustainability Management Report 2022' Cover
Photo by Hyundai Department Store

Following the international standard guideline for sustainability management reports, the GRI (Global Reporting Initiative) Standard 2021, Hyundai Department Store produced a storybook format covering last year’s activities and future plans on the top five key issues: ▲The Path Toward Carbon Neutrality ▲Establishment of a Resource Circulation System ▲Customer Happiness Project ▲Creating a Safer Environment ▲Responsible Partner Management. Additionally, detailed information on environment, society, and governance is presented in a factbook format, introducing Hyundai Department Store’s major environmental management and social responsibility management activities and achievements with specific data by sector.

Kim Hyung-jong, President of Hyundai Department Store, stated, "Through the sustainability management report, we will transparently disclose Hyundai Department Store’s ESG information and strive to create a better society and future together with our partners." He added, "We will continue sincere management activities that can create various social values so that we can become a company that provides better value alongside customers’ lives."

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