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Hyundai Heavy Group sets up ESG committees under 5 affiliates
Posted : 2021-04-28 18:43
Hyundai Heavy Industries Ulsan shipyard / Courtesy of Hyundai Heavy Industries
Hyundai Heavy Industries group, the world s biggest shipbuilder by orders, said Wednesday that it has established environmental, social and governance (ESG) committees under its five affiliates to develop eco-friendly technologies.
The committees are meant to support environmental protection, social justice and ethical management practices.
The five affiliates are Hyundai Mipo Dockyard Co., Hyundai Construction Equipment Co., Hyundai Electric Energy Systems Co., Hyundai Heavy Industries Co. and Hyundai Samho Heavy Industries Co.
The other four affiliates ― Korea Shipbuilding Offshore Engineering Co., Hyundai Heavy Industries Holdings Co., Hyundai Oilbank Co., Hyundai Energy Solutions Co. ― will set up the ESG committee down the road, the group said.
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New EV chargers for Hyundai cars
The Korea Herald reported that Hyundai will set up and begin operating these EV charging stations for its new electric vehicle lineups. Based on the available information, the automaker will open 12 stations with a total of 72 high-speed chargers.
It was added that the company will be adding eight more charging stations in major urban locations and these are expected to be completed this year. Electric vehicles made by Hyundai Motor and Kia would be able to charge their units up to 80 percent battery level in just 18 minutes as the automaker is installing 350-kilowatt-hour chargers in every charging station.
Japan’s shipbuilding companies are accelerating the development of environmentally friendly vessels that emit no greenhouse gases (GHGs) such as carbon dioxide (CO2). Firms like Kawasaki Heavy Industries have begun developing ships that operate on high-power fuel cells (FCs). Imabari Shipbuilding Co., Japan’s largest shipbuilder based in Imabari, Ehime Prefecture, and Japan Marine United Corporation (JMU), .