🚨 New Lead The Charge Leaderboard Released – #Hyundai & #Kia Fall Behind
This isn’t just a climate failure—it’s a #brand and #investor #risk. Global leaders like Volvo, Apple, and Microsoft are demanding #clean #steel, yet Hyundai is failing to keep up. Meanwhile, Kia lacks binding emissions reduction targets for its suppliers, raising further concerns about Hyundai Motor Group's overall climate commitments. Without urgent action, both brands risk falling behind their European and U.S. competitors.
‼️Hyundai Steel: A Missed Green Steel Opportunity
As a key supplier to Hyundai Motor Group, Hyundai Steel launched its #HyECOsteel brand in 2023, positioning itself for leadership in #decarbonization with 34.6% of production from electric arc furnaces (EAFs). Yet, Hyundai Steel remains heavily reliant on coal-fired blast furnaces and is investing in fossil fuel infrastructure, including a new 499 MW gas power plant at Dangjin Steel Works. Without commitments to renewable energy, green hydrogen, or green iron, its net-zero goals lack credibility.
‼️Kia Worldwide : Supply Chain Commitments Fall Short
Kia claims to assess ESG risks in its supply chain and train suppliers on carbon management, but it does not require binding emissions reduction targets. Without stronger commitments and transparency on supplier audits, Kia risks lagging behind global climate standards.
The clean energy transition is happening now.
Will they take the wheel— or be left behind?
🔍Check out the new 2025 leaderboard here https://lnkd.in/ds-9wBxc
🔍Download SFOC’s report on the issue here https://lnkd.in/e5KG9qXD
#Hyundai #Kia #GreenSteel #LeadTheCharge #NetZero #FossilFreeFuture #ClimateAction