Hyundai Doosan Infracore Supports Strengthening ESG Management for Partner Companies

Hanyang Precision and ESG Management Mutual Cooperation Business Agreement

President Cho Young-cheol of Hyundai Doosan Infracore (left) and Chairman Shin Dong-guk of Hanyang Precision are posing for a commemorative photo after signing the 'ESG Management Consulting Mutual Cooperation MOU' at Hanyang Precision's Gimpo factory on the 31st of last month.

[Asia Economy Reporter Sunmi Park] HD Hyundai Construction Equipment division affiliate Hyundai Doosan Infracore has taken direct action to strengthen the ESG (Environmental, Social, and Governance) capabilities of its partner companies.

On the 1st, Hyundai Doosan Infracore announced that it had signed a 'Business Agreement for Mutual Cooperation in ESG Management Consulting' with its major partner Hanyang Precision the day before. Hanyang Precision is a key partner that trades fabricated parts such as excavator frames, booms, and buckets with Hyundai Doosan Infracore and is responsible for OEM production of small excavators.

According to the agreement, Hyundai Doosan Infracore, together with the Korea Productivity Center (KPC), will support Hanyang Precision with ▲ online ESG management diagnosis and improvement guidance ▲ online and offline training support for executives and practitioners ▲ on-site ESG management diagnosis, result analysis, and improvement consulting. Hanyang Precision will cooperate to ensure smooth data sharing and on-site inspections necessary for ESG management diagnosis and actively participate in employee training.

Hyundai Doosan Infracore is currently promoting the 'Supply Chain ESG Management Support Project' led by the CEO. The company aims to directly engage in activities to strengthen the ESG capabilities of its partners to build a sustainable supply chain. Cho Young-chul, President of Hyundai Doosan Infracore, said, “Interest and demand for ESG management are continuously increasing, but realistically, ESG management activities can be a burden for small and medium-sized enterprises,” adding, “We will continue support activities to ensure that our partners do not face disadvantages in overseas exports.”