HD Hyundai Oilbank reported on the 29th that it is focusing on ESG management by carrying out various social contribution projects with its employees. ESG is an acronym for Environment, Social, and Governance, which signifies a management philosophy that seeks sustainable development through eco-friendliness, social responsibility, and transparent management.
This year, HD Hyundai Oilbank, in collaboration with the HD Hyundai 1% Sharing Foundation, donated a total of 400 million won to areas affected by flooding in South Chungcheong Province. They also partnered with the Freight Welfare Foundation to provide 100 million won in scholarships for the children of truck drivers. In addition, they supported items worth 22 million won to children in Seongnam.
The 'Happiness Sharing Volunteer Program,' in which employees directly participate, has been ongoing for its 20th year. Over 60 employees from HD Hyundai Oilbank carried out volunteer activities in areas of Haemi-myeon, Seosan, affected by heavy rains. On Memorial Day, employees visited the National Cemetery in Seoul to remove weeds and plant flowers around the graves.
HD Hyundai Oilbank has been particularly active in community contribution activities in Seosan, where its headquarters is located. Celebrating its 23rd year, the 'Sea Beautification Project' held an event in June to release 200,000 rockfish fry into the sea off Sangkilpo in Seosan and Nanjido in Dangjin. Through the Dream Assist Hope Plus Scholarship Program, they provided a total of 78 million won in scholarships to 83 students in South Chungcheong Province.
One of the representative community contribution activities is the 'Local Rice Purchase Project,' which involves purchasing rice from local farmers and donating it to vulnerable groups in Chungcheongnam-do. Last year, 500 bags of 'love rice' were delivered to the West Chungcheong Veterans Affairs Office. This year, white rice was donated to 300 households of national merit holders and veteran families.
In 2011, HD Hyundai Oilbank established the 1% Sharing Foundation, the first of its kind among major corporations, to voluntarily donate 1% of employees' basic salaries. Since 2020, they have continuously helped those in need by engaging in various social contribution activities in collaboration with the HD Hyundai 1% Sharing Foundation, which includes all subsidiaries of HD Hyundai.