Hyundai Capital Selected as 'Excellent Governance Company' in Korea ESG Standards Institute Evaluation

The First in the Capital Industry

Hyundai Capital received an evaluation from the Korea ESG Standards Institute recognizing its excellence in corporate governance.

On the 27th, Hyundai Capital announced that it was selected as an ‘Outstanding Corporate Governance Company’ in the financial sector at the ‘2023 Excellent Companies Awards Ceremony’ hosted by the Korea ESG Standards Institute on the 24th.

The Korea ESG Standards Institute is an organization that conducts evaluations, research, and investigations on environmental management, social responsibility, and corporate governance. Since 2003, it has annually selected and awarded outstanding companies in the ESG (Environment, Social, Governance) sector to promote improvements in corporate governance and the activation of corporate social responsibility.

This year, the ESG levels of 987 publicly listed companies and 62 unlisted financial companies were evaluated, and the ratings were announced last month. Based on the total scores from the ESG evaluation for the assessment year, outstanding companies corresponding to three times the number of top companies were selected, then reported to and reviewed by the ESG Standards Committee to determine the final awardees.

In this evaluation, Hyundai Capital received an A (Excellent) grade in corporate governance. Hyundai Capital is the only capital company selected as an outstanding company. Hyundai Capital was highly evaluated for operating a sound board of directors through active board activities, extensive board education, and improvements in support for outside directors to enhance governance practices. Additionally, the strengthened monitoring function of outside directors through ensuring independence in the recommendation process of outside directors and audit committee members was also praised.

A Hyundai Capital official stated, "Taking this award as an opportunity, we will lead the industry not only in corporate governance but also in other ESG areas such as environment and social responsibility."

Mok Jin-won, CEO of Hyundai Capital (right), received the award for "Excellent Corporate Governance in the Financial Sector" at the "2023 Excellent Companies Awards" hosted by the Korea ESG Standards Institute on the 24th, and is taking a commemorative photo with Yoon Chang-ho, President of Korea Securities Finance. (Photo by Hyundai Capital)

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