July 7, 2022

South Korean Hyundai Motor Group’s auto parts making unit Hyundai Mobis has announced to power all its worksites with renewable energy by 2040. The move will lead the company to cut down on almost 30 percent of energy use by 2030.

According to the company, it has put forth the vision of “Green Transformation to 2045 Net-Zero,” under which it would produce environment friendly technology and products to establish an ecosystem for carbon neutrality for the future generation.

Hyundai Mobis’ 2045 carbon neutrality road map –

• The company will begin the green campaign at worksites and expand the same to supply chains and product value chains, and further to the local community under four pillars.
• Them being – strategic management of supply chain with partnering companies, reduction of carbon emissions at worksites for energy transformation, operation of a sustainable partnership to form a green ecosystem and expansion of products for carbon reduction to meet with industry paradigm shift.

The company in order to achieve such a goal, mentioned to have joined the Science Based Targets initiative (SBTi) for the first time as a company in the local automotive industry.

About SBTi –

It is a global program created between environmental nonprofit CDP, World Resources Institute, the United Nations Global Compact, and the World Wide Fund for Nature in 2015. Over 1,000 companies from around the world have joined to set science-based climate targets.

Hyundai Mobis mentioned that it will receive certification in about two years based on strategic tracking of the company’s goals.
It has also vowed to control the greenhouse-gas emissions of its supply network by setting up an IT system to systematically control emissions, which includes it partner companies.
The company has mentioned that right from the supply chain management stage it will purchase low-carbon materials and apply environmentally friendly manufacturing technology and resources during the production stage. And also make active use of dead batteries for the recycling business.
Hyundai Mobis Vice President Chung Soo-kyung commented their company aims to create a sustainable carbon neutrality ecosystem with the help of employees, partner companies and the local community.