HL Mando Co., Ltd., an automotive sector affiliate of HL Group, has obtained official approval from the Science Primarily based Targets initiative (SBTi), a worldwide local weather change response initiative, for its ‘2035 greenhouse fuel discount goal’.
The targets embody a 63% discount in direct and oblique emissions from enterprise websites (Scope 1·2) and a 66.3% discount in oblique emissions from provide chains (Scope 3), each in comparison with 2023 ranges by 2035. Assembly the SBTi science-based discount targets demonstrates international local weather change response dedication, and HL Mando is being acknowledged as a confirmed case of concrete ESG administration achievements within the international automotive trade.
This achievement additionally holds important which means when it comes to HL Mando’s personal imaginative and prescient. The ‘HL 2045 Carbon Neutrality Imaginative and prescient’ declared by HL Mando in 2023 has been formalized with this SBTi approval. It’s being evaluated as coming into the sensible implementation stage, proving itself as a sustainable firm, and moreover encompassing the pursuit of ‘higher life’, which is HL Group’s aspiration.
Following the imaginative and prescient declaration, HL Mando has been working a Carbon Neutrality Promotion Committee to adjust to limiting international common temperature rise to inside 1.5℃. The important thing focus is greenhouse fuel discount. In 2024, HL Mando not solely transformed roughly 15.1% of its international enterprise websites’ electrical energy consumption to renewable power, but additionally concluded Energy Buy Agreements (PPA) and bought Renewable Power Certificates (REC), step by step increasing implementation to 12 main areas throughout 7 international locations worldwide together with Korea, the US, China, Europe, and India.
Notably over the previous two years, the corporate has strengthened its discount administration capabilities via standardization of Scope 1, 2, and three emission knowledge and establishing verification programs assembly SBTi necessities. Essentially the most important achievement could be cited as securing transparency, consistency, and verifiability of ESG knowledge, laying the inspiration for obligatory ESG disclosure. HL Mando can also be enhancing its provide chain ESG administration degree. This contains working provider carbon discount packages, introducing low-carbon uncooked supplies, designing eco-friendly merchandise, and advancing greenhouse fuel stock programs.
SBTi is a worldwide initiative that scientifically verifies firms’ greenhouse fuel discount targets. It examines and determines whether or not targets align with the Paris Local weather Settlement’s normal of ‘limiting international common temperature rise to inside 1.5℃’. It’s a credible international alliance established in 2015 by 4 worldwide local weather organizations: the UN World Compact (UNGC), World Sources Institute (WRI), World Wildlife Fund (WWF), and Carbon Disclosure Undertaking (CDP).
