Hyundai Rotem Achieves Silver Medal in Global ESG Ranking
Hyundai Rotem has upgraded its ESG rating to Silver from Bronze, marking its first advancement in four years. The upgrade reflects improvements in governance, compliance, and sustainability practices.
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Hyundai Rotem has received a Silver Medal from EcoVadis, improving from a Bronze Medal held since 2022. This achievement is attributed to enhanced performance across governance, ethics, labor rights, and environmental initiatives.
The Transparent Management Committee, established in 2020, has bolstered ethics scores by overseeing compliance and fair trade practices. Additionally, all employees completed internal compliance training, and the company achieved an 'AA' grade from the Korea Fair Trade Mediation Agency.
Efforts in sustainable procurement include agreements with over 1,300 suppliers. The company has also invested in on-site solar power and waste reduction initiatives, earning a presidential commendation at the Korea Circular Economy Award. The move is expected to reinforce Hyundai Rotem's commitment to sustainability and could influence its competitive positioning in the market.
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