Hyundai Engineering & Construction Co Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Hyundai Engineering & Construction discloses climate-policy lobbying in detail. It identifies several specific regulations it has engaged on, including the “Framework on Low Carbon, Green Growth, Green Buildings Construction Support Act,” the “Rules on Certification of Building Energy Efficiency Grade and Zero Energy Buildings,” the “Waste Management Act” and its implementing decrees, and Korea’s “GHG Target Management System,” making it clear which laws and regulations are the focus of its advocacy. The company also explains how it lobbies and whom it addresses: it describes “proposing opinions on the Support Act … through various public hearings and meetings,” “direct communication with government officials to integrate and streamline relevant certification systems,” and submitting revisions to the GHG Target Management System “to the Ministry of Environment,” thereby specifying both the mechanisms (public hearings, written submissions, meetings) and the policymaking targets (named government officials and the Ministry). Finally, it sets out the concrete outcomes it seeks, such as “promoting the activation of zero energy buildings and green remodeling of existing buildings,” “improving the inadequate regulations concerning zero energy building certification,” “enhancing incentives (such as providing incentives for building coverage ratio, floor area ratio, relaxation of height limits),” introducing “legal obligations for the examination of recycling options for construction waste,” and “establishing GHG emission monitoring standards” tailored to the construction sector. This level of specificity across policies, mechanisms, and desired outcomes demonstrates a very high degree of transparency in the company’s climate-related lobbying activities.	4

Lobbying Governance

Overall Assessment	Comment	Score
Limited	Hyundai Engineering & Construction provides only high-level references to governing its climate-related engagement, noting that it "launched the ‘Hyundai E&C Sustainability Management Council’ to promote a company-wide sustainability management strategy" and that ESG matters are escalated "up to the level of the BOD, the highest decision-making body"; however these statements relate to overall sustainability oversight rather than lobbying. The company affirms that it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement", but offers no detail on how lobbying or trade-association advocacy is reviewed, monitored, or aligned, nor does it identify any individual or committee that specifically oversees political engagement. Apart from the general Board resolution setting climate action goals such as the “Declaration on Coal Exit,” we found no evidence of processes for auditing direct or indirect lobbying positions, no description of engagement with misaligned associations, and no disclosure of corrective mechanisms. This limited, principles-based commitment without accompanying governance detail indicates only minimal transparency on lobbying alignment.	1