José Muñoz, President and CEO of Hyundai Motor Company

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Hyundai published its 2026 Sustainability Report, which covers its work in the field of sustainability, its achievements, goals and future plans. Hyundai continues to share its financial and non-financial performance transparently with investors, customers and other global stakeholders through its sustainability report published every year since 2003.
José Muñoz, President and CEO of Hyundai Motor Company, made the following statements in his evaluation of the report: “As Hyundai, we never assume that progress will happen automatically. Progress is achieved with determined and consistent steps every year. Sustainability is one of the fundamental building blocks of our transformation into a high-tech-focused mobility company. This report reveals the work put in by our teams throughout 2025, the progress we have made and the goals we have ahead of us. While we are proud of the path we have made so far, we need to achieve We are also aware of the goals. We will continue to achieve more this year and beyond.”
The 2026 Sustainability Report consists of three main sections: Environment, Social and Governance.
Studies in the environmental field continue without slowing down.
The environmental section of the report includes the significant progress made by Hyundai in its transition to renewable energy.
Among the highlights:
Achieving the RE100 target, which means providing 100 percent of the electricity used in all operations in Europe, North America and India from renewable energy sources,
Signing of a solar power electricity purchase agreement (PPA) with a capacity of 147 MW at the Hyundai Motor Group Metaplant America (HMGMA) facility established in the US state of Georgia,
In order to support the circular economy, the establishment of an advanced system for the recycling of end-of-life batteries is included.
The report also details Hyundai Motor Group’s efforts to expand the integrated hydrogen value chain and its new generation electrification strategies. In order to manage biodiversity risks more effectively, the Company joined the Nature-Related Financial Disclosures Task Force. It aims to minimize the environmental impact of its activities by integrating the (TNFD) framework into its processes.
Important steps in social responsibility and supply chain management
In the report, studies in the field of product safety, employee development and occupational health and safety stand out under the heading of social responsibility.
The main developments are:
Awarding Top Safety Pick (TSP) and Top Safety Pick+ (TSP+) safety ratings to 16 Hyundai models by the Insurance Institute for Highway Safety (IIHS) in the USA
Implementing the 2030 Occupational Safety Management Strategy (Together for BAROZERO) program in order to further advance occupational health and safety standards and increasing investments in this field.
The company also launched the “Just Transition” program to support employees’ adaptation to the electrification and artificial intelligence-focused transformation process of the automotive industry. Within the scope of the program, training and development opportunities are offered to employees.

Automobile Magazine – English News

Source link 2026-07-01 08:03:00

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