Hyundai Motor Group announced that six of its affiliates were included in the Dow Jones Sustainability World Index (DJSI World) 2023. This occurred as a result of their performance across three dimensions, ESG, Environmental, Social and Governance. Affiliates are Hyundai Motor Company, Kia Corporation, Hyundai Mobis Co., Ltd., Hyundai Steel Company, Hyundai Engineering and Construction (E & C) Co., Ltd. and Hyundai Glovis Co., Ltd.
Dow Jones Sustainability World Index 2023, what it is
The DJSI World brings together the top performers, according to the criteria established by S & P Global. As long as they have achieved the most relevant improvements based on the Corporate Sustainability Assessment (CSA) in relation to sustainability. The long-term evaluation of the three dimensions of sustainability, economic, environmental and social, identifies the 10% of the top performers in an audience made up of the 2,500 largest companies present in the S & P Global BMI.
Affiliates of Hyundai Motor Group
Per Hyundai E & C This is the 14th consecutive year in which it has been included in this index. For Hyundai Steel it is the sixth consecutive year. While for Hyundai Motor, Hyundai Mobis and Hyundai Gloves this is the third consecutive year. Come on has established itself for the second consecutive year. Hyundai Motor, Hyundai Steel e Hyundai E & C each ranked first globally in their respective automotive, steel, construction and engineering sectors. They have thus achieved international recognition for their sustainable corporate values.
The awards for Hyundai Motor Group
The Group and its affiliates were rewarded for the notable improvements made in multiple ESG aspects compared to the previous year. Following an in-depth analysis and having adopted the global sustainability management criteria.
The Group has developed a double assessment of materiality, established and increased disclosure of ESG policies, such as the protection of biodiversity. And it has also expanded safety and health protection. It also made significant improvements regarding the environmental dimension at company sites and increased its commitment to the fight against climate change.
To further strengthen its commitment to promoting ESG dimensions, the Group has developed its own ESG performance management indicator, called “HMG ESG Index”, to effectively monitor sustainability performance and formulate effective improvement measures.
To respond to increasingly stringent regulations on ESG disclosure and supply chain due diligence, the Group plans to further develop internal capabilities and improve ESG data management.