IPARK Hyundai Development Company Earns Overall A Rating in ESG Assessment for Third Consecutive Year

Sustainability Report outlining IPARK Hyundai Development Company's ESG performance and strategic direction for mid- to long-term growth (Source: IPARK Hyundai Development Company)

IPARK Hyundai Development Company said on November 11 that it had received an overall A rating for the third consecutive year in the “2026 Korea ESG Standards Institute (KCGS) ESG Evaluation and Ratings Announcement” released by the Korea ESG Standards Institute.

The Korea ESG Standards Institute is a major ESG assessment organization in South Korea. This year, it comprehensively assessed the environmental (E), social (S), and governance (G) performance of 1,020 listed companies and assigned ratings across seven tiers, from S to D. The assessment focused not only on whether companies had established risk management systems but also on how effectively they implemented them.

IPARK Hyundai Development Company has maintained an overall A rating for three consecutive years, from 2024 through 2026. It received an A+ rating in the social (S) category, while its governance (G) rating was upgraded to A, giving it ratings of A or higher in all three categories: environmental (E), social (S), and governance (G).

IPARK Hyundai Development Company discloses climate-related information and has established and operates a response system for risks and opportunities related to natural capital, taking proactive steps to prepare for mandatory ESG disclosures.

It has also reduced waste generation for three consecutive years while steadily increasing the share of environmentally friendly sales and the proportion of environmentally friendly purchases.

In the social category, the company has actively used digital technologies, including drones and an integrated CCTV control center, to manage on-site safety. It has improved key safety indicators, including the fatality rate per 10,000 workers and the rate of high-risk accidents, for three consecutive years.

In the governance category, the company has strengthened the independence of its Independent Director Nomination Committee to bolster the board's independent oversight function. It has also appointed a chief risk officer (CRO) and established an integrated financial and non-financial risk management system.

An ESG official at IPARK Hyundai Development Company said, "We will continue to enhance our response system for mandatory ESG disclosures and embed ESG into our core management framework to support corporate value and sustainable growth."

This content was produced with the assistance of AI translation services.