Hyundai Steel wins award for climate change response
Yoon Ho-jun, center, vice president and head of the carbon neutrality office at Hyundai Steel, poses after winning the Carbon Management Sector Honors award from the 2024 Carbon Disclosure Project Korea Awards in Seoul, April 30. Courtesy of Hyundai Steel
Hyundai Steel has won a renowned award from the Carbon Disclosure Project (CDP) for its excellence in responding to climate change, the steelmaker said Thursday.
The company received the Carbon Management Sector Honors at the 2024 CDP Korea Awards last month, earning high recognition for its efforts to establish an eco-friendly production system focused on carbon reduction and for transparently disclosing its environmental management information, the company said.
The company set up a roadmap to achieve carbon neutrality by 2050 by making relevant investments to establish an eco-friendly electric furnace.
The Carbon Management Sector Honors are awarded to the top three companies in each industry that receive the highest ratings for their carbon-neutral management.
“The award has allowed us to win the trust of stakeholders both domestically and internationally and provide valuable investment information to interested parties,” a Hyundai Steel official said.
“We will continue to enhance our climate change response capabilities by implementing carbon reduction plans in line with our carbon neutrality roadmap."
The CDP is an international nonprofit organization providing a platform for disclosing environmental management information of major global firms. The CDP Korea Committee evaluates major firms in Korea to assess their efforts to deal with climate change and ensure water security.