Hyundai Mobis to use renewable in all worksites by 2040

Hyundai Mobis announced its Green Transformation to 2045 Net-Zero vision where it would cut 30 percent of energy use by 2030 and power all its worksites with renewable energy by 2040.

Under the vision, the auto parts making unit of Hyundai Motor Group would produce environment-friendly products and technology to establish a carbon neutrality ecosystem for the future generation.

Hyundai Mobis will start off at worksites and expand the project to supply chains and product value chains.

It would then extend the effort project to the local community with the aim of reducing carbon emissions at worksites for energy transformation, strategic management of supply chain with partnering companies, expanding products for carbon reduction to meet with an industry paradigm shift, and operating a sustainable partnership to form a green ecosystem.

To achieve such a goal, Hyundai Mobis said it has joined the Science Based Targets initiative SBTi) for the first time as a company in the local automotive industry.

Hyundai Mobis expects to receive certification in two years for the strategic tracking of its company’s goals, the company will receive certification in two years, Hyundai Mobis said.

The company would also set up an IT system to systematically control the greenhouse-gas emissions of its supply network and its partner companies.

The company will also acquire low-carbon materials and apply environmentally friendly manufacturing techniques and resources during the production stage. It would also utilize dead batteries for the recycling business.

Hyundai Mobis Vice President Chung Soo-kyung said they will exert effort to set a good example of attributing to a realistic carbon neutrality future.