Hyundai AutoEver continues support for partner firms’ ESG management

Hyundai AutoEver, a software unit of Hyundai Motor Group, said Thursday it will join the 2025 Environmental, Social and Governance (ESG) Support Program for Partner Companies organized by the Korea Commission for Corporate Partnership (KCCP).

Hyundai AutoEver was the first company to join the KCCP program. This marks the fifth consecutive year it has participated in the initiative, which is aimed at encouraging large companies to support their partner companies’ efforts to incorporate ESG values in their business activities.

This year, Hyundai AutoEver will develop ESG metrics tailored for IT firms. Through this, the company plans to support its small- and mid-sized partners in enhancing their ESG management by offering training and consulting, greenhouse gas emission management and capacity building in industrial safety and regulatory filing.

According to the KCCP, Hyundai AutoEver’s ESG support program has helped improve the average ESG compliance rate of 89 partner companies from 44.0 percent to 87.9 percent over the past four years. Among them, 20 obtained the KCCP’s official certificate for ESG excellence, which grants preferential access to overseas market support programs, environmental and energy technology assistance and favorable loan interest rates.

Through its transparent management committee under its board, Hyundai AutoEver is strengthening efforts to incorporate ESG values in its management, publishing sustainable management reports every year. Last year, the company received an A rating in overall ESG evaluation by the Korea Institute of Corporate Governance and Sustainability and was rated “low risk” by global ESG rating agency Sustainalytics.

“We will expand ESG support for small- and medium-sized partner firms,” Hyundai AutoEver CEO Kim Yun-goo said. “By working closely with the KCCP, we will strive to build a healthy ecosystem that promotes the mutual growth of large and small businesses.”