HD Hyundai Construction Equipment Co Ltd

HD HYUNDAI CONSTRUCTION EQUIPMENT has established an ESG Committee as the highest decision-making body under the Board of Directors. The ESG Committee, directly under the Board of Directors, oversees the approval of ESG strategies and plans. It convenes at least once a year and may hold additional meetings as needed to deliberate on key ESG decisions. The ESG Committee comprises three or more directors, with a majority of external directors. [...] The ESG Management Committee, under the leadership of the CEO, consists of key executives who review the company's ESG opportunities and risks and select and monitor annual ESG strategic initiatives. The committee meets on a quarterly basis and discusses issues related to the five key areas: human rights, labor, environment, fair operation, customer value, and the local community. The ESG Management Committee makes decisions on important matters such as deriving ESG strategic initiatives and approving their operation and processes. Subsequently, a working group composed of operational staff formulates specific implementation plans and carries them out.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Hyundai Doosan Infracore raises its opinions through the Korea Construction Equipment Industry Association regarding policy issues that need to be addressed to the government. Ultimately, the Chief Sustainability Officer (CSO) manages the overall direct and indirect public engagement regarding climate change. Also, since 2021, Hyundai Doosan Infracore has been reinforcing its governance in response to climate change by establishing the ESG Committee to make decisions on company-wide ESG strategies and policy directions and regularly monitor the implementation progress. To reinsure consistency of external engagement activities with the company's climate change strategy, the CSO reports to the "ESG Committee† under the Board of Directors (BOD), after which the final decision is authorized by the Committee. The ESG Committee is chaired by an outside director and the CEO participates as a committee member.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]HCE raises its opinions through the Korea Construction Equipment Industry Association regarding policy issues that need to be addressed to the government. Ultimately, the Chief Sustainability Officer (CSO) manages the overall direct and indirect public engagement regarding climate change. Also, since 2021, HCE has been reinforcing its governance in response to climate change by establishing the ESG Committee to make decisions on company-wide ESG strategies and policy directions and regularly monitor the implementation progress. To reinsure consistency of external engagement activities with the company's climate change strategy, the CSO reports to the "ESG Committee † under the Board of Directors (BOD), after which the final decision is authorized by the Committee. The ESG Committee is chaired by an outside director and the CEO participates as a committee member.

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

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?[…]HCE raises its opinions through the Korea Construction Equipment Industry Association regarding policy issues that need to be addressed to the government. Ultimately, the Chief ESG Officer manages the overall direct and indirect public engagement regarding climate change. Also, since 2021, HCE has been reinforcing its governance in response to climate change by establishing the ESG Committee to make decisions on company-wide ESG strategies and policy directions and regularly monitor the implementation progress. To reinsure consistency of external engagement activities with the company's climate change strategy, the Chief ESG Officer reports to the "ESG Committee " under the Board of Directors (BOD), after which the final decision is authorized by the Committee. The ESG Committee is chaired by an outside director and the CEO participates as a committee member.