Hyundai E&C will enhance its environmental, social and governance (ESG) strategy system to realize carbon neutrality by 2045.
Hyundai E&C announced on the 21st that it has published its 2025 sustainability management report, which includes efforts and achievements towards sustainable management, new strategies, and implementation tasks.
The 2025 sustainability management report establishes three major strategies (▲build stakeholder trust ▲achieve a low-carbon society ▲provide a better life) and nine implementation tasks to achieve the new vision 'We Build a Sustainable Future,' and includes a management system for generating tangible ESG results.
This report, the 16th since its first publication in 2010, widely reflects European and international standards. It provides a separate 'definition of terms' to enhance the accessibility and understanding of ESG information.
By introducing an internal ESG IT system, it integrates and manages data that includes consolidated subsidiaries. By gradually enhancing the accuracy and reliability of the data, it systematically responds to the information needs of global stakeholders and solidifies the foundation for internalizing and implementing sustainable management across corporations.
This year, a double materiality assessment was conducted according to the European Sustainability Reporting Standards (ESRS), selecting three major critical issues: ▲industrial safety and health ▲climate change response ▲quality control. This was derived from a comprehensive analysis that considers stakeholder demands, as well as the financial impacts, potential risks, and opportunities associated with each issue, and it was transparently disclosed through the report.
Hyundai E&C included its ESG management achievements in the report, such as efforts to reduce greenhouse gas emissions in response to climate change and expanding investments in safety management. Based on the international Science-Based Targets initiative (SBTi) standards (which scientifically verify whether greenhouse gas reduction targets align with the Paris Agreement), the goal is to reduce Scope 1 and 2 emissions by 46.2% and Scope 3 emissions by 25% by 2030. Last year, greenhouse gas emissions for Scope 1 and 2 were reduced by 112,693 tons of CO₂e compared to the previous year, and sales of sustainable products under the European Union (EU) taxonomy increased to 10.1236 trillion won.
Hyundai E&C is carrying out efforts to reduce greenhouse gas emissions, such as energy efficiency improvements, based on its carbon neutrality strategy 'G-OPIS' (Green Operation, Portfolio, Investment, Spread). It is also promoting the transition to a low-carbon energy portfolio centered on offshore wind, small modular reactors (SMR), and clean hydrogen, as well as expanding green purchasing.
In the safety sector, it aims for zero major accidents and invested 273.3 billion won in safety management last year, increasing safety-related investments by 16% compared to the previous year. By providing 166 billion won in support for partners and operating a co-growth fund, it has maintained the highest rating on the co-growth index for six consecutive years.
Recently, the board-centered ESG governance system has also been strengthened. Through the Transparent Management Committee and the Sustainable Management Council, it regularly reports on the company's ESG implementation status, and the performance is linked to KPIs by business sector.