Hyundai Motor Group (the Group) today announced that six of its affiliates have been recognized for Environmental, Social and Governance (ESG) performance by being added to the 2023 Dow Jones Sustainability World Index (DJSI World).

The affiliates include 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.

The DJSI World consists of the top performers in the enhancement of sustainability, as determined by S&P Global using the Corporate Sustainability Assessment (CSA). Based on long-term economic, environmental and social criteria, it reflects the top 10 percent of the largest 2,500 companies in the S&P Global BMI.

Hyundai E&C has been included in this index for the 14th straight year, Hyundai Steel for the sixth consecutive year, and Hyundai Motor, Hyundai Mobis and Hyundai Glovis for the third successive year. Kia has been included for the second straight year. Hyundai Motor, Hyundai Steel and Hyundai E&C each ranked first globally in the automobile, steel, and construction and engineering industries, earning international recognition for their sustainable corporate values.

'The inclusion of our six affiliates in the 2023 DJSI World is recognition of the Group's medium-term ESG direction and the active ESG management activities of each affiliate,' said Hyuk Noh Lee, Head of Corporate Sustainability Management Planning team at Hyundai Motor Group. 'We will continue to explore measures to enhance the level and internalization of practical ESG management while actively communicating with our stakeholders about our efforts going forward.'

The Group and each affiliate have been recognized for their notable improvements in various aspects of ESG compared to the previous year after they meticulously analyzed and internalized the global sustainability management criteria.

The Group implemented double materiality assessment, established and increased disclosure of ESG policies, such as biodiversity protection, and expanded safety and health. Additionally, it demonstrated improvements in environmental performance at business sites and reinforced its approaches to combating climate change.

To further enhance the momentum for ESG promotion, the Group has developed its own ESG performance management indicator, the 'HMG ESG Index,' which it applies to effectively monitor ESG performance and formulate improvement measures.

In order to respond to increasingly visible regulations on ESG disclosure and supply chain due diligence, the Group plans to improve internal capabilities and enhance ESG data management.

(C) 2023 Electronic News Publishing, source ENP Newswire