Hyundai Mobis to use renewable energy across every worksite by 2040

Hyundai Mobis to use renewable energy across every worksite by 2040

by Pranali Mehta

Hyundai Mobis, an auto parts manufacturing unit of South Korea’s Hyundai Motor Group, has reportedly announced that it would power all its worksites and facilities with renewable energy by 2040, and further cut down energy use by 30% by 2030.

as part of its ‘Green Transformation to 2045 Net-Zero’ strategy, the corporation claimed that it would manufacture sustainable, environmentally friendly products and technologies to build an ecosystem for carbon neutrality and coming generations.

As per Hyundai Mobis' 2045 carbon neutrality road map, the initiative will begin at worksites and then expand to supply chains as well as product value chains, and eventually the local community.

The initiative is based on four pillars, namely, strategic supply chain management with partnering firms, reducing the amount of carbon emission levels at facilities for energy transformation, implementation of a sustainable collaboration to build a greener ecosystem, and product advancement for cutting emissions to fulfill market paradigm shift.

Hyundai Mobis stated it has undertaken the Science Based Targets initiative, also known as SBTi for the very first time as a regional automotive company to attain this goal.

The SBTi is a global initiative launched in 2015 by CDP, the World Resources Institute, the United Nations Global Compact, as well as the World Wide Fund for Nature. Over 1,000 businesses from around the world have joined forces to establish science-based climate goals.

According to Hyundai Mobis, the firm will be certified in two years based on strategic tracking of the business's goals.

The corporation also promised to build up an IT platform to rigorously control the greenhouse-gas emissions of its supply chain network, which includes partnering entities.

The firm will acquire low-carbon raw materials at the supply chain management stage and use eco-friendly manufacturing resources and technology throughout the production phase. Moreover, for the recycling business, dead batteries will be actively used.

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Pranali Mehta

A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writ Read more...