Hyundai Glovis ESG Report
Environment Social Governance
Hyundai Glovis is striving to become a future global leader by practicing ESG,
a worldwide topic for management. By establishing an ESG management system, it seeks to create sustainable future value,
and become a company loved by the market and the society through the combined efforts of all employees.
We would like to dig deeper into ESG, to understand what ESG is, why it makes the corporates rush,
and what Hyundai Glovis is doing toward achieving it.
a worldwide topic for management. By establishing an ESG management system, it seeks to create sustainable future value,
and become a company loved by the market and the society through the combined efforts of all employees.
We would like to dig deeper into ESG, to understand what ESG is, why it makes the corporates rush,
and what Hyundai Glovis is doing toward achieving it.
World’s attention toward ESG, Hyundai Glovis keeping up with the world
ESG is an acronym for Environment, Social, and Governance. It is a factor that can influence the decision-making of investors and the growth value of a corporate. In other words, a corporate can grow sustainably only when it takes into consideration its environmental and social responsibility and transparent governance. Major European countries are actively practicing the regulations through ESG. BlackRock, the biggest American investment management corporation, has also said that they will take the ESG activities of corporates into major consideration. Credit rating businesses such as Moody’s also declared that their ratings will be done considering ESG.
In last July, BlackRock has voted against the reappointment of the management that had inadequate actions and disclosures. Last year in Korea, National Pension has selected companies for standard investment last year, announced active exercise of stockholders right and its ability to oppose the second term of the director. In fact, six corporates of Hyundai Motor Group ━ Hyundai Motor Company, Hyundai Glovis, Hyundai Mobis, Hyundai Steel Company, Hyundai Engineering & Construction, and Kia ━ are companies in which the National Pension can practice stockholders’ rights.
In response, Hyundai Glovis is carrying out ESG activities in line with the global trend. If this sounds a little unfamiliar, you can think of the sustainable management activities that Hyundai Glovis has been carrying out. To further solidify this, our Sustainability Report, which summarizes ESG activities, has been published every year since 2015.
So far, Hyundai Glovis has achieved excellent results at the global top level in external ESG evaluations such as the Dow Jones Sustainability Indices and Korea Corporate Governance Service, and also ranked No. 4 in ESG evaluation of the top-100 listed companies in Korea conducted by Maekyung·Who’s Good. Now, we will introduce in more detail specific cases and efforts on ESG that Hyundai Glovis has been implementing and pursuing change.
Hyundai Glovis’ Sustainability Management Goals in 2021
* Click the Hyundai Glovis Sustainability Report to view the reports published so far.
2021.08.01