The Hyundai Group has specific objectives linked to decarbonization of your activities. To achieve them, the Korean group intends to increasingly focus on the use of renewable energy. In this regard, interesting news arrives. In fact, the Group announced that 4 of its companies, including Hyundai and Kia, have become members of the RE100, of Climate Group. It is a global initiative that brings together large companies committed to the use of 100% renewable electricity. In addition to Hyundai and Kia, Hyundai Mobis and Hyundai Wia also joined the RE100 of the Climate Group. These 4 companies of the Korean group join the more than 350 international companies that have already joined this initiative. Companies that have plans to accelerate the use of 100% renewable electricity across their operations.
The 4 companies of the Hyundai group, including KIA Motors, have announced that they intend to switch to 100% use of renewable energy by 2050. However, each will work to accelerate the achievement of this target, to reach it as early as 2040, depending on conditions. of energy supply and demand in their respective international operations. The Korean group is evaluating different ways to acquire renewable energy for your activities.
Think, for example, of self-production using solar panels, purchase contracts with wind and solar power producers, as well as purchasing through the Korea Electric Power Corporation (KEPCO) “Green Premium” program. its carbon neutrality goal through initiatives such as RE100.
To join RE100, companies must have a significant energy footprint and are required to submit medium and long-term renewable energy protection plans within one year of joining. The Group will build an eco-friendly smart factory for efficient production to accelerate the vehicle electrification process and ultimately promote carbon neutrality in its global supply chain.
Hyundai announced, at the end of last year, the end of the production of combustion engines, while focusing its operations even more on electric cars.
According to the automaker itself, it is inevitable not to focus on this new type of vehicle, and the production of combustion engines is an achievement, but it is necessary to change the system so that future innovation based on the great asset of the past is developed.
The department that ended the production of the engines, at the time, is in Namyang, South Korea, and has been producing the brand's engines since 1983, the year Chung Ju-Yung, founder of the group, decided that the Korean brand should manufacture its own internal combustion engines.
O RE100 is a global corporate renewable energy initiative that brings together hundreds of large companies that are led by the Climate Group, in partnership with CDP. The aim of the initiative is to drive the shift to zero-carbon grids at scale.
Companies in the industrial and commercial sectors account for about half of the world's electricity use, and the initiative is shifting that huge demand to renewable energy.
Its members have operations around the world and in a wide range of industries, from telecommunications and retail to car and cement manufacturing. The RE100 was launched in Climate Week NYC 2014 and has since expanded to Europe, Asia-Pacific and North America, and is still planning to expand to Japan.