Hyundai Oilbank established ESG vision with the aim to grow as a leading company in creating a better environment through the expansion of eco-friendly businesses. We strive to achieve our vision, an “Eco-friendly Future with Green Energy”, by implementing our main tasks for each area related to the ESG vision in a proactive manner.
ESG Governance Structure
Hyundai Oilbank’s ESG Committee, within the BOD, was established in 2021 June to review and make decisions on major ESG strategic directions and agendas for the sustainable management of the company.
ESG Working Group
Hyundai Oilbank also established ESG Working Group which consists of the leaders of departments each dedicated to specific ESG areas. ESG Working Group will collaborate in improving the company’s ESG management and also in identifying additional tasks under the leadership of Chief ESG Officer.
Furthermore, Hyundai Oilbank created an ESG-dedicated organization called “ESG Strategy Team” as of July 2022, which shall oversee ESG improvements implemented by relevant departments, respond to ESG-related demands of internal/external stakeholders, and present agendas to ESG Committee based on the status of ESG tasks.