현대제철 통합보고서
Overview
Overview
CEO Message1.4
It is my pleasure to share with you our numerous achievements and unwavering commitment to sustainability management through the publication of Hyundai Steel’s 6th integrated report, “Beyond Steel”.
Please allow me to take this opportunity to extend my sincere gratitude to you all for your steadfast trust and support.
2020 was an incredibly challenging year due to the COVID-19 pandemic. The world was
forced to grapple with unprecedented confusion and difficulties and the business environment
has shrunk. Despite of all the difficulties, the members of Hyundai Steel strived to fulfill their
respective duties continuing to improve performance and reforming business fundamentals to advance in the direction of social change.
Today, the definition of social value is undergoing rapid and profound change, just as it is for industrial structure. Accordingly, corporate social responsibility is broadening in line with renewed definitions of social value.
Corporate competitiveness is no longer measured solely by how companies respond to changes in industrial structure and market situations, with efforts to embrace social value emerging as yet another essential element of such competitiveness. At Hyundai Steel, we are fully embracing this trend and are striving to move forwards as sustainable business.
Today, the definition of social value is undergoing rapid and profound change, just as it is for industrial structure. Accordingly, corporate social responsibility is broadening in line with renewed definitions of social value.
Corporate competitiveness is no longer measured solely by how companies respond to changes in industrial structure and market situations, with efforts to embrace social value emerging as yet another essential element of such competitiveness. At Hyundai Steel, we are fully embracing this trend and are striving to move forwards as sustainable business.
Focusing on three pillars of sustainability management
We have introduced a web-based integrated report for the first time in the steel industry to enhance communication with stakeholders. Through this web report, we will share our environmental, social, and economic performance more quickly and accurately with diverse stakeholders.
We have introduced a web-based integrated report for the first time in the steel industry to enhance communication with stakeholders. Through this web report, we will share our environmental, social, and economic performance more quickly and accurately with diverse stakeholders.
Enhancing communication
At Hyundai Steel, all employees endeavor to create a sustainable corporate future. We have established mid-to-long-term business strategies centered on three pillars—circular economy, sustainable society, and responsible business—and identified tasks to internalize them company-wide.
At Hyundai Steel, all employees endeavor to create a sustainable corporate future. We have established mid-to-long-term business strategies centered on three pillars—circular economy, sustainable society, and responsible business—and identified tasks to internalize them company-wide.
Establishing an ESG system which meets global standards
In today’s world, corporate sustainability is determined not only by financial factors, but also by non-financial factors such as the environment, society & governance. Hyundai Steel participates in a wide range of both domestic and overseas initiatives, thereby making efforts to quantify non-financial factors and establish an ESG system that meets global standards.
Businesses can only be sustainable in a sustainable society. The 'steel' that we produce plays a pivotal role in resource circulation, which is an integral part of a sustainable society. When its service life ends, steel is recovered as 'scrap metals' and reprocessed through electric arc furnace to be renewed as new steel. The recycling rate we achieved is above 90%
The electric arc furnace business of Hyundai Steel contributes to realizing a 'low-carbon, circular economy' through the efficient recycling of resources, as well as contributing to building a society where humankind can continue to develop sustainably.
As such, Hyundai Steel is striving to create a sustainable society as steelmaker. We hope you continue to show us your support and interest in our sustainable journey. As the CEO of Hyundai Steel, I will proactively communicate with all stakeholders, including shareholders and customers, and listen to your valuable opinions. Thank you.
In today’s world, corporate sustainability is determined not only by financial factors, but also by non-financial factors such as the environment, society & governance. Hyundai Steel participates in a wide range of both domestic and overseas initiatives, thereby making efforts to quantify non-financial factors and establish an ESG system that meets global standards.
Businesses can only be sustainable in a sustainable society. The 'steel' that we produce plays a pivotal role in resource circulation, which is an integral part of a sustainable society. When its service life ends, steel is recovered as 'scrap metals' and reprocessed through electric arc furnace to be renewed as new steel. The recycling rate we achieved is above 90%
The electric arc furnace business of Hyundai Steel contributes to realizing a 'low-carbon, circular economy' through the efficient recycling of resources, as well as contributing to building a society where humankind can continue to develop sustainably.
As such, Hyundai Steel is striving to create a sustainable society as steelmaker. We hope you continue to show us your support and interest in our sustainable journey. As the CEO of Hyundai Steel, I will proactively communicate with all stakeholders, including shareholders and customers, and listen to your valuable opinions. Thank you.
June 2021
CEO & President of Hyundai Steel
CEO & President of Hyundai Steel
서울시 서초구 헌릉로 12 TEL 02) 3464-6114 FAX 02) 3464-6060
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