Hyundai Steelpipe regularly assesses the ESG management environment of its partners and provides professional consulting and support to help improve their ESG standards.
Supply Chain ESG Policy
Supply Chain Management Strategy
Improving and enhancing partners' ESG performance is based on their voluntary participation and is reflected in Hyundai Steel's purchasing policies.
ESG-Based Procurement Strategy
Hyundai Steelpipe's procurement policies align with the Supplier Code of Conduct and are regularly reviewed for ESG compliance.
Suppliers failing to meet minimum ESG requirements within a specified period may be excluded from contracts.
Supplier evaluations include ESG performance, favoring companies with superior ratings.
Regular ESG training is conducted for internal purchasers and stakeholders to support the procurement strategy.
Supplier due Diligence
Based on the business impact of the purchased items and the regular evaluation results of suppliers, Hyundai Steelpipe determines the group (core/cooperation/maintenance/improvement) of each supplier. In addition, during the regular supplier evaluation, additional points are given to suppliers with the highest ESG evaluation scores for the year, and incentives are provided when selecting excellent suppliers.
Sustainable Supply Chain
Business EnvironmentCredit Rating, Debt Ratio
CompetenceOutsourcing Dependency, Construction Permit, Distribution Capability etc.
PerformanceDelivery Performance, Material Savings Rate, Delivery Delay Rate etc.
ESGESG Evaluation Score(Extra Points), Safety Violations(Deductions) etc.
Building a Sustainable Supply Chain
Hyundai Steel Pipe categorically rejects goods and services that are provided in unethical, environmentally harmful, and socially detrimental ways.
Hyundai Steel Pipe conducts ESG evaluations for all its partners.
Hyundai Steel Pipe provides consulting and support to improve partners' ESG performance.
Hyundai Steel Pipe differentiates its business relationships based on partners' ESG performance.
Sustainable Supply Chain
ESG Evaluation
Regular evaluations of trading partners
ESG evaluations for new registered companies
Improve ESG Performance
Enhance human rights and labor standards
Improving environmental performance
Enhancing ethical and governance standards
Internal education for purchasing managers
Differentiating Business Relationships
Aligning purchasing policies with ESG risk levels
Supporting mutual growth for enhancing ESG performance
Exclusion of transactions if ESG requirements are not met