[SPONSORED REPORT] Hyundai Steel recognized for climate change efforts

[HYUNDAI STEEL]

Hyundai Steel won the Carbon Management Sector Honors award at the Best Companies for Climate Change Response and Water Management award ceremony hosted by the Carbon Disclosure Project (CDP) in April.Hyundai Steel won the Carbon Management Sector Honors Award at the Best Companies for Climate Change Response and Water Management award ceremony hosted by the Carbon Disclosure Project (CDP) in April.

The award was not the first time Hyundai Steel has been recognized for its efforts to fight climate change by the CDP. Since 2012, the company has picked up six awards, bolstering its reputation as one of the best companies in dealing with the climate change.

Hyundai Steel has been consistently transparent about its greenhouse gas control capabilities and environment management, and has been recognized as a result. The establishment of a company-wide consultative committee, its structured energy management system and successful completion of the Verified Carbon Standard (VCS) have played a pivotal role in winning awards.

“We will strive to disclose environment management information and continuously reduce greenhouse gas emissions to maintain a reputation as an eco-friendly company,” said an official from Hyundai Steel.

Hyundai Steel plans to strengthen its capabilities in dealing with climate change by establishing a committee to create an emission trading system and continuously reduce energy use and greenhouse gas emissions.

The CDP, a non-profit organization established in 2000 in London, evaluates climate change response strategies, greenhouse gas emissions and reduction efforts of major listed companies in 92 countries and provides the information to financial institutions throughout the world.

It was chosen as the most reliable sustainability management index by GlobeScan, a global market research firm.

In Korea, CDP Korea evaluates the top 200 listed companies before presenting its awards.

BY PARK JI-HOON [park.jihoon@joongang.co.kr]