Hyundai Department Store Group to Establish Integrated ESG Data Management System for 16 Affiliates

Hyundai GF Holdings, the holding company of Hyundai Department Store Group, announced on the 26th that it will establish a group-wide integrated ESG (Environmental, Social, and Governance) data management system to systematically manage and disclose the group’s ESG management performance.

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This system will be designed to enable integrated management of ESG data from 16 major affiliates within the group, including Hyundai Department Store, Hyundai Home Shopping, Hyundai Green Food, Handsome, and Hyundai Livart. It will be structured to comply with international sustainability management standards such as GRI and SASB.

In particular, to proactively respond to the upcoming mandatory ESG disclosure regulations in Korea, which will be implemented in phases starting next year, the company plans to establish a management system that further enhances the transparency and reliability of ESG data.

The integrated management system will feature a dashboard that allows for a comprehensive overview of the environmental (E), social (S), and governance (G) status of each affiliate, thereby strengthening the group’s management capabilities. Based on this, the group plans to prepare reports to provide consistent information to investors and stakeholders.

To this end, Hyundai Department Store Group plans to establish and operate management indicators that meet domestic and international regulatory standards. More than 100 indicators have been prepared for the environmental sector, including greenhouse gases, energy, and waste; over 90 indicators for the social sector, such as employee status, ethical reporting, and the number of legal violations; and over 60 indicators for the governance sector, including board operations and internal audit operations. In total, more than 250 management indicators have been established. The group will also select and operate separate management indicators tailored to the business characteristics of each affiliate.

A Hyundai Department Store Group representative stated, "ESG has become a core element of corporate competitiveness and a standard that determines trust with global investors and stakeholders. Through the establishment of this integrated ESG management system, we will reinforce the foundation of sustainable management across the group, centered on the holding company, and continue to practice authentic ESG management that meets global standards."

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