현대제철 통합보고서

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Overview

Sustainability Management1.3

Our Mid- to Long-term Sustainability Management Strategy

Hyundai Steel has organized a mid- to long-term strategy for sustainability management comprising three key directions, four implementation strategies and 16 areas. We are actively engaged in executing and managing specific tasks for each priority areas. Based on this 'Mid- to Long-term Sustainability Management Strategy,' we will continue our commitment in meeting our targets to advance as a sustainable company.

Internalizing Strategic Goals for Sustainability Management

Hyundai Steel incorporates sustainability management targets into senior management performance evaluations such that they comprise at least 5% of the evaluation items. Starting in 2020, we analyzed impacts and risks to key business areas such as human rights, safety, the environment, governance and the supply chain, taking into account both domestic and global ESG trends and worked with expert advisers to identify high-priority items. Furthermore, we established an ESG governance system that sets out annual targets and strategies to implement over the next five years or less. Looking ahead, we plan to manage targets and tasks for sustainability management by incorporating key ESG items, such as ESG ratings, into employee performance targets.

VISION

Engineering the Future Beyond Steel

3 Major Points

Circular Economy

We provide a safe working environment to enhance employees' competency and secure work-life balance, and create a foundation for stakeholder participation to develop communities and create social values.
Sustainable Community

In order to lead the resource recycling for the future of the global society and future generations, we will create an eco-friendly ecosystem by responding to climate change, protecting water resources, and recycling by-products.
Responsible Business

Create a safe and strong future through human-centered and innovative technology development, and create a sound management ecosystem that pursues the sustainability of the value chain whole process.

4 Major Strategies

ESG System Operation
- Vision, Strategy, and Policy development
- Organization
- Performance management
- Market response
- Evaluation response
Business Risk Management
- Governance
- Risk management
- Suppliers
- Ethics management
Environmental Value Preservation
- Climate change response
- Reducing environmental impact
- Environmental safety system
Social Capital Improvement
- Human Resources Management
- Information disclosure
- Participation in initiatives
- Stakeholder engagement

ESG Governance System

By establishing an ESG governance system, Hyundai Steel is systematically responding to ESG issues, and managing ESG-related tasks and targets

('ESG Director') Sustainability Management Team

ESG items as reported (Board of Directors)

Transparent ManagementCommittee under BOD2 annual sessions

Independent directors (5)
1 Make decisions on ESG items
ESG Directors' Council Chair of the councilHead of Business Management Division 2 annual sessions
- 1 Approve ESG goal
- 2 Review ESG performance
- 3 Manage ESG issues
- E Environment Subcommittee
  
  Environmental
  management supervision Environment & Energy Office
  
  Policy and climate change Communication Office
- S Social Subcommittee
  
  Labor Human Resources Management Office
  
  Social responsibility, human rights Business Support Office
- G Economic Subcommittee
  
  Governance Finance Management Office
  
  Supply chain Procurement Planning Team

ESG Administrative Council Chair of the council Director of General Affairs Group 3 annual sessions
- 1 Set ESG goal
- 2 Respond to ESG issues
- 3 Implement ESG tasks
- 4 Respond to ESG evaluation
- E Environment Subcommittee
  
  Department in charge External Affairs Team Environment & Energy Planning Team
  
  Working-level departments Utility Facilities Team Environment Conservation Team Environment & Energy Technology Team Environment & Energy Research Team
- S Social Subcommittee
  
  Department in charge Sustainability Management Team
  
  Working-level departments Co-prosperity Communication Team Growth Design Team Safety Planning Team Human Resources Management Team Human Resources Support Team PR Team
- G Economic Subcommittee
  
  Department in charge Investor Relations Team
  
  Working-level departments Blast Furnace Business Planning Team Procurement Planning Team Technology Strategy Team Security Planning Team Business Management Team Tax Team Compliance Team

Overseas

Asia

China:
- [HSCN] Hyundai Steel Investment (China) Co., Ltd.
  [HSBJ] Hyundai Steel Beijing Process Co., Ltd.
  [HSMC] Qingdao Hyundai Machinery Co., Ltd.
  [HSTJ] Hyundai Steel Tianjin Process Co., Ltd.
  [HSJS] Hyundai Steel Jiangsu Process Co., Ltd.
  [HSSZ] Hyundai Steel Suzhou Process Co., Ltd.
  [HSCQ] Hyundai Steel Chongqing Co., Ltd.
India:
- [HSCH] Hyundai Steel India Private, Ltd.
  [HSPI] Automotive Steel Pipe India Private, Ltd.
  [HSAN] Hyundai Steel Anantapur Private Ltd.
Europe
- [HSTR] Hyundai Steel TR Automotive Steel Parts Co., Ltd.
  [HSRU] 33 Hyundai Steel Rus LLC
  [HSCZ] Hyundai Steel Czech s.r.o.
  [HSSK] Hyundai Steel Slovakia s.r.o.
US
- [HSAL] Hyundai Steel America, Inc.
  [HSBR] Hyundai Steel Industry and Trade Brazil LLC
  [HSMX] Hyundai Steel Mexico S de R.L.de C.V