Hyundai Motor and Kia have partnered with government agencies and related organizations to support their automotive parts suppliers in responding to global carbon regulations.
On November 9, Hyundai Motor and Kia announced that they signed a memorandum of understanding with the National Institute of Technology and Standards, the Hyundai Motor and Kia Supplier Association, and the K-Mobility Bridge Foundation to support compliance with technology regulations for future vehicles.
This agreement aims to assist suppliers in understanding and preparing for increasingly stringent environmental and carbon regulations within the global supply chain.
Since last year, Hyundai Motor and Kia have been operating a 'Circular Greenhouse Gas Reduction Win-Win Program' to support suppliers in reducing greenhouse gas emissions. This initiative has now expanded beyond support for existing facilities to include addressing on-site challenges and training specialized personnel.
Under the agreement, Hyundai Motor and Kia will identify challenges faced by suppliers in complying with carbon regulations. The National Institute of Technology and Standards will provide support for resolving issues related to global supply chain environmental and carbon regulations. Hyundai Motor and Kia plan to standardize carbon management systems within the supply chain and enhance their applicability in the industry.
They will also promote workforce training. The National Institute of Technology and Standards and the K-Mobility Bridge Foundation will conduct training on carbon management in the supply chain and responses to overseas regulations, while the Hyundai Motor and Kia Supplier Association will support supplier participation in these training programs. Additionally, mentoring for responding to global supply chain regulations and training for greenhouse gas reduction experts will be conducted.
Starting next year, Hyundai Motor and Kia plan to expand the support targets and amounts for the win-win program based on evaluations of greenhouse gas reduction performance.
A Hyundai Motor and Kia official stated, "We will gather public and private expertise to help suppliers understand complex global technology regulations and develop response strategies. We aim to support both greenhouse gas reduction and regulatory compliance to bolster the export competitiveness of our suppliers."
Meanwhile, the government confirmed in November of last year a target to reduce national greenhouse gas emissions by 53% to 61% from 2018 levels by 2035. The automotive industry is included in this reduction target, increasing the importance of carbon emission management for both automakers and parts suppliers.
* This article has been translated by AI.
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