Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:
Sign Up
Overall Assessment |
Comment |
Score |
Limited |
Hyundai Wia Corp provides only limited transparency on its climate-related lobbying. It identifies one specific area of engagement—the drive to enable domestic RE100 implementation in the Republic of Korea—but does not cite any additional laws or regulatory proposals, so stakeholders cannot see the full breadth of its policy activity. The company does describe how it lobbies: it attends major multi-stakeholder meetings that include the Ministry of Environment, the Ministry of Trade, Industry and Energy, the Korea Power Exchange and Korea Electric Power Corporation, and it presents its views at events such as the South Korea RE100 Localised Policy Messages Launch, demonstrating two concrete mechanisms as well as clearly named government targets. However, it discloses only one desired outcome—creating an environment that allows Korean companies to meet RE100 commitments—without detailing further positions or explaining any specific legislative amendments it seeks. The result is a partial picture that shows some openness about who it engages and why, but leaves significant gaps on the range of policies addressed and the specific changes it advocates.
|
1
|
Overall Assessment |
Comment |
Score |
Limited |
Hyundai Wia Corp discloses a public commitment to conduct its engagement activities in line with the goals of the Paris Agreement – the evidence states “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” – and outlines high-level ESG and climate oversight structures, noting that the “Transparency Management Committee under the BOD is currently managing and supervising ESG management agendas transparently,” that it holds “semi-annual working consultations led by the Business Planning and Management Team,” and that “the CEO is the head of the environment and safety organizations and systems for GHG and energy and has the overall responsibility for and oversees the climate change response-related matters while executing major decision making on climate change issues.” It also describes that “the HSE Management Committee chaired by the chairperson of the committee supports the establishment of the company-wide action plans for climate change issues and decision-making related to GHG reduction targets and investment.” However, the company does not disclose any process, criteria or oversight for governing direct or indirect lobbying activities or aligning its policy advocacy with its climate objectives, and we found no evidence of any dedicated lobbying review, sign-off procedures, or association engagement protocols.
|
1
|