Hyundai Motor Company

Responsibility(CSR) has become the key issue in company-society relations. CSR has taken a position of the core pillars of Hyundai Motor as the company strives to establish a new Sustainable Business Management System based on its five primary business principles.
Hyundai Motor Company does not see itself as a mere profit-making entity. It is a Contributing member of global society based on the responsible corporate citizenship. It is one of the main purposes to make a better world in close cooperation with all people and groups, including stake holders, employees, customers, shareholders, suppliers, and local communities in the world.
Especially Apr, 2007, Hyundai Motor announced its socially responsible management plan to fulfill its responsibility to global societies.

Hyundai Motor socially responsible management covers three conceptual areas : economic responsibility, social responsibility, and environmental responsibility.

Corporate social responsibility covers three areas: trust-based management, environmental management, and social contribution.
For trust-based management, we will focus on enhancement of labor relations, mutually beneficial cooperation with suppliers, ethics management, and transparent management.
As for environmental management, we will proactively respond to global trends and regulations related to the environment. For social contribution, we plan to enlarge our capacity and obtain expertise to effectively carry out global social contribution projects and participate in volunteering programs to contribute to development of local communities.

In April 2008, the Hyundai Motor Corporate Social Responsibility Committee was established, which implicates that we are willing to fulfill the social responsibility in our business activities, and shows strong commitments and developed interests. The Hyundai Social Responsibility Committee consists of 10 executives and is chaired by Chairman and CEO Mong-koo Chung.
We have regular meetings bi-annually and sub-committee meetings at each quarter to check the progress of corporate social responsibility plans and projects. Furthermore, we plan to establish an independent assessment group of external experts in order to objectively assess our corporate social responsibility progress and improve our social responsibility strategy.