Hyundai Mobis Co Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Moderate	Hyundai Mobis discloses some mechanisms for overseeing how its policy engagement relates to climate goals, indicating moderate governance. The company states that "Hyundai Mobis' climate change strategy and individual engagement activities are being consistently managed under the leadership of the ESG Promotion Secretariat," and confirms that it has "a public commitment… to conduct [its] engagement activities in line with the goals of the Paris Agreement." This identifies both a procedural commitment to alignment and a dedicated internal body that supervises external advocacy. Oversight of political spending is further reinforced as "Contributions of KRW 10 million or over are subject to the CEO’s approval, and quarterly contributions made are reported to the Corporate Sustainability Management Committee," showing at least one formal sign-off step. However, the company concedes that "Hyundai Mobis is not directly involved in any lobbying activities" and provides no public description of how it reviews or reconciles the climate positions of the trade associations to which it belongs, nor any methodology for monitoring, auditing, or escalating misalignment. Because the disclosure does not outline specific processes for evaluating indirect lobbying, does not publish the results of any alignment review, and names no criteria for corrective action or withdrawal, the governance framework appears limited to broad commitments and basic internal oversight of contributions rather than a comprehensive climate-lobbying management system. View Sources	2

Overall Assessment

Analysis

Score

Moderate

Hyundai Mobis discloses some mechanisms for overseeing how its policy engagement relates to climate goals, indicating moderate governance. The company states that "Hyundai Mobis' climate change strategy and individual engagement activities are being consistently managed under the leadership of the ESG Promotion Secretariat," and confirms that it has "a public commitment… to conduct [its] engagement activities in line with the goals of the Paris Agreement." This identifies both a procedural commitment to alignment and a dedicated internal body that supervises external advocacy. Oversight of political spending is further reinforced as "Contributions of KRW 10 million or over are subject to the CEO’s approval, and quarterly contributions made are reported to the Corporate Sustainability Management Committee," showing at least one formal sign-off step. However, the company concedes that "Hyundai Mobis is not directly involved in any lobbying activities" and provides no public description of how it reviews or reconciles the climate positions of the trade associations to which it belongs, nor any methodology for monitoring, auditing, or escalating misalignment. Because the disclosure does not outline specific processes for evaluating indirect lobbying, does not publish the results of any alignment review, and names no criteria for corrective action or withdrawal, the governance framework appears limited to broad commitments and basic internal oversight of contributions rather than a comprehensive climate-lobbying management system.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Strong	Hyundai Mobis provides a high level of detail about its climate-policy engagement. It names several specific instruments it has worked on, including the “Act on the Allocation and Trading of Greenhouse Gas Emission Permits,” the national “Emission Allowance Trading System,” and domestic regulations linked to RE100 and the third-party power-purchase-agreement scheme, showing clear transparency about the policies it seeks to influence. The company also explains how it engages: it “held meetings with policymakers on special legislation for allocation of emission credits,” takes part in “public hearings, workshops, and meetings” on the emissions-trading system, and attends forums such as the “RE100 Korea Members Policy and Engagement Meeting” and the “Third-Party PPA System Explanation Session” organised by KEPCO, identifying policymakers in the Republic of Korea and sectoral bodies as its lobbying targets. On desired outcomes, Hyundai Mobis states that it has proposed “special legislation on the additional emission credit allowances for production facilities for eco-friendly parts” and that it “supports the emissions trading system with no exceptions,” tying these positions to its aim of expanding the eco-friendly automobile industry and complying with Paris-aligned emissions reductions. While its ambitions for renewable-energy expansion are expressed more generally, the company still discloses at least two concrete policy goals, demonstrating clear—but not exhaustive—transparency about the outcomes it seeks.	3