현대제철 통합보고서
Performance
Society
Local Community Engagement3.3.6
Hyundai Steel Framework for Local Community Engagement
Process of Local Community Engagement
The framework for local community engagement is organized and operated in accordance with the following process.
- 1. Providing information: Providing balanced and objective information to help local communities understand the issues, measures and solutions proposed.
- 2. Collecting opinions: Collecting opinions from local communities about decisions made by the company.
- 3. Engagement activities: Engaging with local communities to learn directly about their opinions on key issues.
- 4. Cooperation: Pursuing cooperation with local communities in each aspect of decision-making by developing alternatives, identifying preferred solutions, etc.
- 5. Empowerment: Giving local communities the ability to take direct part in the final decision-making process.
Process of Local Community Engagement
Communication Channels for Key Stakeholders Latest update: June 2021
| Major Stakeholders |
Definition | Point of contact | Communication channel |
Major issues | Communication cycle |
|---|---|---|---|---|---|
| Customer companies | The basis for the creation of economic and corporate value | Blast Furnace Business Division, Electric Furnace Business Division, AP Steel Pipe Business Division, Business Management Division, Innovation Strategy Division | Department meetings, technology seminars, customer satisfaction surveys, customer portal sites, websites, newsletters | Expanding customer communication, Enhancing customer satisfaction Protecting information | frequently |
| Employees | Key members for sustainable growth | Business Management Division, Innovation Strategy Division | Intranet, GWP, Future Board, education programs, labor-management cooperation | Encouraging communication among employees and departments, Strengthening employee capabilities, Work-life balance | frequently |
| Suppliers | Partner cooperation for win-win growth based on stability | Business Management Division, Procurement & Logistics Division, Major business sites(domestic/overseas) | growth agreements, meetings, procurement system, technology exchange meetings, websites, newsletters | Operating fair supply chain management process, Advancing activities to support win-win growth, Establishing a win-win growth culture | quarterly, frequently |
| Shareholders and investors | Providing financial capital as a source of corporate management | Financial Management Division | General shareholders' meetings, performance presentations, NDRs and conferences, 1:1 meetings, visits to worksites, public announcement materials | Enhancing value of Hyundai Steel, Securing new growth engines | quarterly, frequently |
| Local communities | Local communities and their members interacting through business operations | All domestic and overseas worksites | Major social contribution cooperatives, feedback discussions on CSR activities, webpage, integrated reports | Engaging in communication with stakeholders, Supporting socially disadvantaged and vulnerable people, Performing continuous social contribution activities | quarterly, before and after social contribution activities |
| NGOs, government and media | Proposals for the company's direction | Business Management Division, Major domestic and overseas worksites | Worksite visits, press releases | Responding to and participating in government policy, Making transparent business announcements, Creating jobs | frequently |
- 1. Operate the "Environmental Improvement Council" for transparent information disclosure and environmental improvement(composed of Dangjin City Government, Dangjin City Council, Chungnam Province, civic groups, resident representatives, and Hyundai Steel officials / Meetings are held every other month from 2019)
- 2. Opened the "Stakeholder Suggestions System" page(see bottom shortcut), which is an external channel for clear communication with the local community(Web Report/2021)
Site-specific Support for Vulnerable Groups in Local Communities
Hyundai Steel is engaged in a wide range of support activities aimed at building closer relations with the local communities near our business sites, and contributing to their development. We plan to continue growing together with these communities as we build community-related infrastructure such as educational support and environmental improvements.
Site-specific joint support activities
- · Holiday sharing events
- · Blood donation campaign
Site-specific key support activities
- Incheon'Green Village'(tree-planting)
- PohangHealth insurance support for low-income households, volunteering support
- Dangjin'Junior Engineering Class,' 'Happy Prism' Family Volunteering
- SuncheonFree meals for local seniors, delivery of banchan(Korean side dishes)
- UlsanNurturing Childhood Dreams (employee fundraiser)
Job creation to revitalize the local economy
In 2019, Hyundai Steel established a subsidiary in Anantapur, Andhra Pradesh, India and hired all 110 of its employees from among local residents(102 in Andhra Pradesh, 48 in Anantapur). These employees have been assigned to offices and worksites, and have completed job training. Looking ahead, we will continue to strive to stabilize the employment of local residents.
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