Hyundai Motor Group
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|Hyundai Motor Group||KOR||website|
|Hyundai Motor Group|
In 2019, 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 (2019)
In 2019, 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 (2019)
This company received an S&P Global ESG Score of 60/100 in the Automobiles category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. 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 (2019)
This company received a score of 10.6/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
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 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)
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)
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)
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)
|Address||Seoul, Republic of Korea|