Hyundai Mobis Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

Under the ESG management system based on the Corporate Sustainability Management Committee and the ESG Center, we will expedite the establishment of the ESG management system not only in our business sites but also across the supply chain and local communities. By doing so, we will enhance our status as a company trusted in the global market. [...] Consisting of the ESG Council Meeting, ESG Administrative Group, and ESG Working Group, Hyundai Mobis' company-wide ESG conference body holds meetings under the supervision of the ESG Promotion Secretariat. The ESG Promotion Inspection Meeting participated in by the heads of each BU/division is personally chaired by the CEO. In this meeting, key ESG tasks and issues are reviewed and decisions are made in relation to policy establishment and revision as well as process development for preemptive response to changes in the internal and external management environments.

https://www.mobis.co.kr/upload/202207060236117370.pdf

##### Political Influence and Lobbying Activities

##### Political Contributions

###### Pursuant to Article 31 (Restrictions on Donations) of Korea's Political Fund Act, Hyundai Mobis strictly prohibits illegal donations or financial support for specific political candidates and any other political organization that could influence policy-making. Prohibited political donations are also defined by any support provided through corporate assets and/or any support employees provide for any political activity. We prohibit any provision or acceptance of bribes and/or rebates associated with our business operations and refrain from any inappropriate exercise of influence over public officials. This includes facilitation payments that are paid directly/indirectly to government officials in the form of bribes to expedite routine procedures or avoid administrative delays. Our policy (Code of Conduct) clearly communicates that merely promising or proposing the provision of unjustified economic gains could constitute corruptive practices. We allow charitable contributions and donations, and their execution is implemented in consideration of urgency and appropriateness in line with our internal execution criteria and procedures. 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. Our annual budget plans also require approval from the Board of Directors.

2021 2022 2023 Metric Unit

Policial cash contributions 0 0 0

Value of political in-kind contributions (price value)1) KRW 0 0 0

1) No in-kind contributions were made

##### Associations

###### Hyundai Mobis is not directly involved in any lobbying activities. We do, however, indirectly engage in activities as a company or a member of the industry. Our membership is mainly associated with organizations that relate to business operations or R&D activities, including the Korea Enterprises Federation, the Seoul Chamber of Commerce and Industry, the National Academy of Engineering of Korea, and the European Association of Automotive Suppliers (CLEPA).

https://www.mobis.co.kr/resources/pdf/(Hyundai%20Mobis)%202024%20Sustainability%20Report_Fact%20Book_eng.pdf

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Hyundai Mobis' climate change strategy and individual engagement activities are being consistently managed under the leadership of the ESG Promotion Secretariat, which is driving ESG initiatives, including the 2045 Net-Zero strategy. In 2021, Hyundai Mobis established the ESG Promotion Secretariat to take on the role of controlling tower for ESG management and set up the 2045 Net-Zero initiative to provide direction and pace for achieving Net-Zero.

CDP Questionnaire Response 2023

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023