[Auto] Hyundai Motor Group Affiliates to Join Climate Group's RE100

[SougarLord]

 

Along with 300 other global companies, Hyundai Motor Group plans to further accelerate efforts on sustainable development and carbon neutrality.

 

Hyundai Motor and Kia, along with Hyundai Mobis Co., Hyundai Wia and Hyundai Transys Inc., will submit applications to Korea's RE100 Committee later this month.

 

While the five companies are aiming for a 100 percent renewable energy transition by 2050, each will make independent efforts to achieve goals ahead of schedule, depending on power supply and demand conditions at their respective overseas operations.

 

To this end, the five companies plan to establish a system in conjunction with RE100 at the global sites where they routinely operate. The Group is considering various ways to acquire renewable energy, such as self-production through solar panels, Power Purchase Agreements (PPA) with wind and solar energy producers, as well as purchasing through Korea's "Green Premium" program. Electric Power Corporation (KEPCO).

 

In addition to the companies mentioned, other affiliates of the Group agree on the need to make the transition to 100 percent renewable energy and plan to use it actively in their operations in the future.

 

Prior to the announcement to join RE100, the main affiliates of Hyundai Motor Group were already expanding the implementation of renewable energy sources, as well as technologies to reduce energy use in production processes.

 

Hyundai Motor installed rooftop solar power installations at its Asan, South Korea, automotive plant in 2013 to produce 13,000 MWh per year. The company is also producing 12,500 MWh of electricity through solar power facilities that were installed at the Ulsan plant last year, in cooperation with Korea Hydro & Nuclear Power Company.

 

In 2019, Kia established a system to replace all the energy used at its Žilina, Slovakia production plant with renewable energy.

 

In Korea, Kia's plants in Gwangmyeong, Hwaseong and Gwangju have achieved ISO 50001 certifications.

 

Hyundai Mobis made a complete switch to renewable energy sources at its Slovak and Swedish operations earlier this year. In Korea, Mobis is pushing to reduce energy use by establishing the Mobis Global Energy Management System (GMEMS).

 

At a special P4G (Partnership for Green Growth and 2030 Global Goals) session in May, Hyundai Motor Group President Euisun Chung said: "The most important thing to respond to climate change is action. We will contribute to global circular economy achieving carbon neutrality in the future ".

 

RE100, which stands for '100 percent renewable energy', is a global initiative led by the Climate Group that brings together the world's most influential companies committed to 100 percent renewable energy and has been campaigning since 2014. To become a member, a company must have a significant energy footprint (i.e. 100 GWh per year) and must submit medium and long-term renewable energy protection plans within one year of joining. More than 300 global companies participate.