Sustainability
- House Repair - Energy Efficiency Project
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Hyundai Steel has conducted a “House Repair– Energy Efficiency Project" to help reduce energy costs for the poor and low-income families since 2011. Energy costs are reduced by improving the energy efficiency of the residential environment of households (energy-efficient construction) and welfare facilities (supporting solar facilities). In addition, it is a social contribution project that simultaneously promotes three effects: environmental effects of CO2 reduction, self-supporting community, and employment creation through links with social institutions.
With the aim of starting construction of a total of 1,000 households & facilities from 2011 to 2021, the company has completed the 1,000 energy efficiency constructions (of 987 households and 13 welfare facilities) in Incheon, Pohang, Dangjin, Suncheon, and Ulsan, where its businesses are located, by 2021.
* Cumulative Effects of buisness
· Environment(CO2 reduction): 0.91 tons/household, 5.7 tons/welfare facility (898 tons for 987 households / 74 tons for 13 welfare facilities)
· Welfare(Energy cost savings): Net saving 21.2M won for 1,000 households and welfare facilities (188,000 won/household, 2,045,000 won/welfare facility)
· Hiring(Self-help and social enterprise construction workers): 5,264 employees
- Cooperatng Partner : Korea Housing Welfare Social Cooperative
- Coffee Grounds Recycling Project
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To find ways to utilize wasteful coffee grounds, and to take the lead in securing resources, Hyundai Steel is conducting a project to recycle of coffee grounds. Through multilateral cooperation between the public and the public, including the Ministry of Environment and the Incheon Metropolitan Government, we intend to build a model for a virtuous cycle of local natural resources beyond simple recycling. The company is promoting the collection and transportation of coffee grounds, development of upcycling products, and resourcing of household waste, and support social enterprises and social ventures by conducting a contest to develop products and build business models.
- Cooperating Partner : Korea Productivity Center, Korea Green Foundation
- H-Steel Atelier
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Hyundai Steel contributes to building cultural infrastructure in the community and provides opportunities for young iron artists to create works. Under the theme of "Design the Iron Forest" at the Samseon Arboretum in Dangjin, four young writers' contests and one involving children in Dangjin area were installed at Suncheon Ecological and Cultural Education Center under the theme of "Natural Play designed by forest, play, and iron."
- Cooperating Partner : Work Together Foundation, FREEZOOM
- Self-reliance Support Model in the Philippines
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Hyundai Steel is actively supporting the construction of a job training center and a self reliance model for young people and women and in North Samar area. Through job trainings, fostering educators and income generating activities, Also, Hyundai Steel recruits 30 employees once a year to help improve the facilities environment in schools and villages in the Philippines.
- Cooperatng Partner : Plan Korea and Plan Philippin
- H – USR
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This is a joint CSR project of the company and the labor union of Hyundai Steel, assisting the labor union’s CSR fulfillment through regular volunteer services in engagement with local communities. After distributing fire prevention devices to underprivileged families, the team continues to seek more practical volunteer programs that effectively address local issues for local development.
-Partner NGO: Sesangi
- Happy Safe Village Project in India
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Hyundai Steel is working on a 'Happy Life Village' project in Chennai, India. The two villages of Kiloy and Sengadu are working to create safe and happy villages by installing solar lamps, installing CCTVs, building drainage facilities, and supplying toilets. In addition, Hyundai Motor Group's Global Youth Volunteer Group sends 60 volunteer workers twice a year to build a sustainable village environment by developing appropriate technology as well as volunteer work.
- Cooperatng Partner : Plan Korea and Plan Philippin
