Hyundai Motor, 9 Consecutive Years as No.1 in CSR Development Index for Automotive Sector in China

Hyundai Motor Company announced on the 19th that it has been ranked first in the automobile company category for nine consecutive years in the "2024 China Corporate Social Responsibility Development Index Evaluation" released by the Chinese Academy of Social Sciences.

The Corporate Social Responsibility Development Index is the most authoritative CSR (Corporate Social Responsibility) evaluation indicator in China. The Chinese Academy of Social Sciences comprehensively assesses companies' management status and information disclosure levels regarding social responsibility and publishes the rankings annually.

Hyundai Motor has ranked first among automobile companies for nine consecutive years since 2016 and placed second among foreign-invested enterprises. In the overall ranking of Chinese companies, it has held third place for four consecutive years.

Hyundai Motor explained, "In this evaluation, we were highly recognized for continuously strengthening ESG (Environmental, Social, and Governance) management in China and actively conducting various social contribution activities tailored to Chinese society."

Hyundai Motor Company is providing choir education to students as part of the 'Dream Classroom' project, a support initiative for underdeveloped elementary schools in China that has been ongoing since 2011. Photo by Hyundai Motor Company.

Since establishing China-specific ESG evaluation standards suited to local conditions in 2021, Hyundai Motor has continuously strengthened detailed requirements accordingly. This year, it further reinforced ESG management internalization by diagnosing major local subsidiaries in China, such as Beijing Hyundai, Hyundai Truck & Bus Corporation (HTBC), and the hydrogen fuel cell system production and sales corporation (HTWO), using these standards.

Additionally, the achievements of Hyundai Motor's locally tailored social contribution activities were effective. Since 2008, Hyundai Motor has been conducting the "Hyundai Green Zone" project to prevent desertification in the Inner Mongolia region. The program was enhanced and expanded into "Hyundai Green Zone Season 3" from 2021, which promotes grassland restoration, forest creation, and eco-friendly rural development projects together.

Moreover, since 2011, Hyundai Motor has supported the "Dream Classroom" sponsorship project, providing educational materials and scholarships to students in about 90 underdeveloped elementary schools. In 2020, it opened a youth startup support center in Beijing to discover and nurture startups that can contribute to solving social issues in China.

Since 2017, Hyundai Motor has formed a sisterhood relationship with a local cerebral palsy rehabilitation center, continuing annual employee volunteer activities and various material support. In September this year, it held the third art exhibition and bazaar to support rehabilitation for children with cerebral palsy, following events in 2020 and 2022.

Meanwhile, in the sustainability report evaluation announced by the Chinese Academy of Social Sciences last July, Hyundai Motor was the only automobile company to receive the highest rating of "5-Star Plus" for five consecutive years. It has also been recognized as the top CSR company in China by winning the "Responsible Enterprise Award" selected by the China Corporate Social Responsibility White Paper Forum for six consecutive years.