Hyundai Engineering & Construction announced the release of its '2026 Sustainability Report' on July 31, detailing its sustainability achievements and global ESG disclosure strategies.
The report faithfully reflects major domestic and international sustainability disclosure standards, including the Korea Sustainability Standards Board (KSSB), the European Sustainability Reporting Standards (ESRS), and the Global Reporting Initiative (GRI Standards 2021).
To enhance the reliability and accuracy of sustainability information, Hyundai has established an internal control process covering the entire ESG data lifecycle, from collection and verification to reporting and disclosure. The company has standardized data management criteria and significantly improved data integrity and management efficiency through its ESG IT system, 'H-SYNC.'
The report highlights three key issues identified through a Double Materiality Assessment: industrial safety, quality management, and climate change response. It outlines management systems and performance related to these issues, including increased investments in safety management, improved customer satisfaction in quality, and the implementation of a carbon neutrality roadmap by 2045, along with associated risk and opportunity factors and response strategies.
Specific achievements in various sectors are also presented. In the environmental sector, the company is expanding its business portfolio into future energy areas such as offshore wind, pumped storage, hydrogen and ammonia, nuclear power, and small modular reactors (SMR). Additionally, it is strengthening its eco-friendly investment capabilities through the issuance of 310 billion won in green bonds and promoting green procurement worth 779.7 billion won.
In the social sector, Hyundai is advancing smart safety technology and enhancing its safety and health management systems. Through community-focused social contribution activities, it has received the highest grade (S) for three consecutive years in the Ministry of Health and Welfare's 'Community Contribution Recognition System.' In the governance sector, the company has improved board independence through the introduction of a senior independent director system and independent board operations, achieving an excellent (AA) rating for two consecutive years in the Fair Trade Compliance Program (CP) and maintaining stable operations of its anti-corruption management system (ISO 37001) and information security management system (ISO 27001).
As a result of these efforts, Hyundai has been recognized for its outstanding ESG performance, receiving a comprehensive A rating from the Korea Corporate Governance Service (KCGS) for eight consecutive years, being inducted into the CDP Korea Hall of Fame for eight years, being included in the Dow Jones Sustainability World Index for 16 consecutive years, and achieving an A rating in the MSCI ESG assessment.
A Hyundai representative stated, "This report focuses on proactively responding to changes in the global sustainability disclosure environment and enhancing the reliability and transparency of ESG information. We aim to create a sustainable future based on the realization of a low-carbon society and building trust with stakeholders."
Meanwhile, Park Se-ra, a researcher at Shin Young Securities, noted, "With the implementation of the U.S. Investment Special Law, we expect specific developments in U.S. nuclear power investments. Ahead of the November midterm elections, we anticipate results related to the swift nuclear investment emphasized by the Trump administration. Hyundai is preparing for the main contract for the Palisades SMR-300 project with Holtec in the third quarter, and the pipeline for large nuclear power projects in Vietnam (Team Korea) and Bulgaria remains intact, with a higher likelihood of project realization."
* This article has been translated by AI.
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