Sustainability

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Biodiversity

Biodiversity Policy


Hyundai Steel considers protecting biodiversity to ensure sustainable development and recognizes its impact on the environment and biodiversity. We make efforts to understand the need for biodiversity protection in our decision-making and to take all necessary steps to minimize our operational impacts on the environment.

  • ● To this end, Hyundai Steel will:
    1. Prevent, minimize and mitigate risk of biodiversity across our business and check, evaluate and monitor status and value of biodiversity before a new project begins. We will also try to apply it to our business establishment, primary supply chain, and non-primary supply chain.
    2. Comply with regional, local and national legal requirements.in its worksites where land management and biodiversity protection and a relevant international agreement (World Heritage areas, IUCN Category I-IV protected areas) are applied.
    3. Designate protection areas for endangered animal and plant habitats and ecosystem, and support regional, national and global conservation initiatives. Strive to provide information and awareness to its employees and other stakeholders in order to raise their knowledge and understanding of biodiversity conservation issues.
    4. Endeavor to achieve NNL(No Net Loss) and NPI(Net positive impact) of biodiversity during all work and in important habitats until 2050. In particular, Dangjin Integrated Steelworks, which has the largest scale of business in Hyundai steel, will manage its ecotoxicity level below 50% by national legal requirement and reduce environmental impact such as air pollutant emissions.
      In order to protect the ecosystem of plankton, fish, and birds that live our surrounding the west coast of Korea, we will observe biodiversity policies and regularly analyze animals, plants, air quality, odors, underground and marine water quality and soil around Dangjin Integrated Steelworks.
    5. We will make efforts to preserve the surrounding ecosystem by making a alternative habitat based on natural succession to protect endangered species such as Bean Goose and oystercatcher. In order to continuously manage biodiversity, Hyundai Steel will measure progress of this policy and periodically review its performance.
    • Record on Enactment and Revision
    Biodiversity Policy Enacted in Feb, 2018
    Biodiversity Policy Revised in March, 2019
    Biodiversity Policy Revised in July , 2020
    Biodiversity Policy Revised in May, 2021
    Biodiversity Policy Revised in June, 2022

    See the History of Policies