Hyundai Motor Group
Whoa! How did you get here? This company profile is not meant to be publicly available. Research on this company is incomplete, and the overall rating has been disabled, but while you are here feel free to have a look at the info we do have.
OVERALL |
|
Owned |
KOR |
Rating |
N/A |
Conglomerate
Hyundai Motor Group | KOR | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Hyundai Motor Group | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.
Source: CDP (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A-.
Source: CDP (2023)
This company received an S&P Global ESG Score of 81/100 in the Automobiles category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 16 Dec 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022) |
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 9.0%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (2022)
InfluenceMap's 2021 Climate Policy Footprint report identifies the world's most obstructive corporate and industry association holding back Paris Agreement-aligned climate policy. This company is named in the report as one of the 25 most negatively influential corporations. "Significant economic clout. Negative positioning on regulation of ICE vehicles."
Source: Influence Map (2021)
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 14.8/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
In 2020 Hyundai Rotem, a subsidiary of this company, was fined by the Brazilian government for exploiting workers at its rolling stock assembly plant in Araraquara in the state of Sao Paulo. The fine paid was 120 million won (about US$100,000) for not paying overtime wages to workers for having worked in excess of the regular work week.
Source: Business Korea (2020)
In 2019 this company agreed to pay a US$47m fine for illegally importing and selling dirty diesel engines in violation of US environmental rules. The US Justice Dept stated that between 2012 and 2015 this company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emission standards.
Source: Express Drivers (2019)
In a parliamentary business report, the Korea Fair Trade Commission reported that this company was fined 87.8 billion won (US$77.2 million) between 2017 and 2019 for unfair business practices. It was the biggest fine in the report on the top 10 business conglomerates in South Korea.
Source: Yonhap News Agency (2020) |
Hyundai Motor Co and Kia Motors Corp, affiliates of this company, agreed to pay a combined penalty of $300m for overstating fuel economy claims, the largest such fine ever. They will pay a combined $100m in civil fines and forfeit regulatory credits valued at more than $200m to settle a 2 year probe by the US Environmental Protection Agency and the US Justice Department. The affiliates agreed in 2013 to settle a class-action lawsuit over their mileage claims for a total of nearly $400m, paying buyers of affected vehicles an average of $353 each. In all, the mileage overstatements have cost this company more than $700m.
Source: Wall Street Journal (2014)
The Auto Environmental Guide 2022 by Greenpeace East Asia ranked the world's top 10 carmakers on their climate action. Companies are rated on 2021 zero-emission vehicle sales percentage, Combustion engine vehicle phase-out, Supply chain decarbonisation, Resource sustainability and Violations/negative climate lobbying. Of the 10 carmakers, this company ranked #5.
Source: Greenpeace (2022)
This company received a score of 58.8/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017) |
Company Details
Type | Conglomerate |
Founded | 2000 |
Contact Details
Address | Seoul, Republic of Korea |
Website | www.hyundaimotorgroup.com |