Hyundai 2006 Annual Report Download - page 54

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Sustainable Management
50
In 2003 HMC outlined its’ Environmental Philosophy & Policy for the future. This policy
was designed to transform Hyundai into a model environmentally sustainable company
which recognized global environmental issues as the main challenge facing the planet as
well as the sustainability of the company. The focus was on implementing ways of
responding effectively to the challenges of corporate sustainability within the
environmental context.
The 2003 philosophy steered HMC into a new era of sustainability incorporating the
environmental focus like never before. Thus began a new emphasis on research and
development, culminating in 2005 with the opening of the Eco-Technology Research
Institute on the southern edge of Seoul. This facility has systemized all HMC research
efforts in environmental technology.
At the Eco-Technology Research Institute HMC has brought together its most brilliant
minds, each with a mandate to ensure HMC remains at the cutting edge of environmental
developments in the motor vehicle manufacturing industry.
As climate change, once thought of as a distant and future problem, is now widely
accepted as the most significant and imminent environmental problem facing the planet,
HMC has pooled its research and development resources into the development new
environmentally and socially friendly automobiles which not only deliver our most basic
transport needs, but also leave an ever diminishing footprint on world ecosystems.
In accordance with the Kyoto Protocol and as part of HMC’s commitment to lowering
greenhouse gas (GHG) emissions, we are working in a joint task force with the Korean
Ministry of Commerce and the Korean Automobile Manufacturers Association (KAMA)
to promote various GHG reduction activities.