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Hyosung Heavy Industries Corp

ISIN: KR7298040007 | South Korea | Asia-Pacific
Score 1 - Limited
Full assessment

Hyosung Heavy Industries Corp outlines comprehensive climate crisis oversight - its Board of Directors "monitors and supervises risks related to the climate crisis" and an "ESG Management Promotion Committee" has been established as the "highest decision‐making body" supported by a dedicated "Green Management Committee" that "receives reports" on greenhouse gas reduction activities - but we found no evidence of any formal governance processes or oversight mechanisms specifically for lobbying alignment. The response confirms that the CEO "participates as vice-chairman in the Energy Alliance-related meetings" and that the company "pays the association every year to maintain the association, and actively accepts and responds to the association's requests," and that it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement," yet it does not disclose any process for reviewing or signing off on direct or indirect lobbying positions, nor name any individual or committee tasked with ensuring that its policy engagement is aligned with its climate objectives.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Asia-Pacific or all companies in South Korea.