▲ Added to the DJSI World for 11 straight years and selected as the Industry Leader eight times
- Achieve the highest rating in sustainable management for six consecutive years, the first among domestic builders
▲ Receive Grade A three years in a row in the 2020 ESG evaluation conducted by KCGS
- Accelerate efforts for ESG management in Environment, Social and Governance sectors
▲ Launch the Sustainability Steering Committee to devise up sustainable management strategies and increase competitiveness
Hyundai E&C has been ranked the first in the construction and engineering sector of the 2020 Dow Jones Sustainability Indices (DJSI) as well as added to the DJSI World for 11 consecutive years.
The Dow Jones Sustainability Indices (DJSI) refers to a sustainability investment index developed jointly by the US-based global financial information company Dow Jones and the Swiss-based international investment company RobecoSAM. The DJSI World evaluates not only companies’ economic performance but also environmental and social sustainability factors and announces the evaluation results on an annual basis.
Maintaining its no. 1 position, Hyundai E&C has been also selected as the Industry Leader eight times.
The DJSI World assesses sustainability of a company in three criteria including governance & economic, environmental and social sectors. In 2020, the application of more stringent criteria decreased assessment points given to the companies evaluated, while Hyundai E&C extended its lead by achieving higher scores compared to the previous year.
This achievement is attributable to Hyundai E&C’s effort to increase its global competitiveness by recognizing environmental and social issues and actively improve them.
Korea’s primary builder has achieved the index’s highest rating for six consecutive years, which is the first among the domestic builders, in recognition of transparent information release and high credibility through the publication of a sustainability report in accordance with the GRI (Global Reporting Initiative) Standards: Comprehensive Option.
This report features a model for the construction industry to implement 17 SDGs (sustainable development goals) including the UN’s “industry, innovation and infrastructure,” based on three long-term goals of new prosperity, environment and win-win relationship and a system aimed to promote sustainable management for 2030.
Since 2011, Hyundai E&C has participated in CDP (Carbon Disclosure Project) designed to mainly evaluate measures to respond to climate changes and risk management capability in environment areas, which is well received at home and abroad. Hyundai E&C has been accepted by the CDP Carbon Management Honors Club five years in a row and has maintained its position in the CDP Korea Hall of Fame (Gold Club) for second straight years in 2018 and 2019.
Moreover, Hyundai E&C has attained Grade A three years in a row in the 2020 ESG (Environment, Social and Governance) rating. The ESG evaluation was conducted by the Korea Corporate Governance Service (KCGS) in 2020 to assess 908 listed Korean companies in environment, social and governance sectors.
* ESG (Environment, Social and Governance) rating encompasses CSR (corporate social responsibility) investment and management.
Notably, Hyundai E&C was given an A+ in environmental responsibility, an A in social responsibility and an A in governance. Korea’s primary builder is accelerating its efforts to promote the corporate-wise ESG management to achieve solid and sustainable growth.
Hyundai E&C puts an emphasis on the significance of non-financial elements including ESG which have a huge influence of a company’s sustainability, unlike in the past when only financial performance was assessed. In this sense, the builder established the Sustainability Steering Committee in October 2020 in a bid to form a corporate-wide consensus on sustainability management, come up with sustainable management strategies in a systematic way and increase its competitiveness.
To promote ESG management at a corporate level, the committee consists of executives and team managers of 18 offices and teams, and it is led by CFO. Key agendas of the committee are reported to and achieve approval from the Transparent Management Committee under the board of directors, the company’s top decision-making organization.
“Hyundai E&C is responding to recent global crises such as the pandemic and economic difficulties in a proactive way as a leading company in sustainable management,” said an official of the company. “We will put efforts to establish a sustainable management system of global top-tier standards in order to maximize added values of our all stakeholders.”