HD Hyundai Oilbank has established a “Sustainable Supply Chain Policy” to promote responsible supply chain management and pursue sustainable growth in collaboration with suppliers.
Establishment of a management system for suppliers
HD Hyundai Oilbank establishes a sustainability management system based on environment, safety, human rights, and ethical management, and helps suppliers preemptively respond to ESG-related issues by establishing codes of conduct.
Supply Chain ESG Evaluation
HD Hyundai Oilbank conducts a supply chain ESG evaluation of its major suppliers. Evaluation is conducted using key items and detailed metrics for each ESG area, and we created seven comprehensive ESG ratings for Environmental, Social, and Management System and Performance for Sustainable Management. After evaluation, ESG guide and ESG management consulting are provided to suppliers who need improvement.
Supplier Support Programs
HD Hyundai Oilbank operates a win-win program for shared growth with its suppliers.
- Certification Cost Assistance Program
- Safety Manager Appointment Cost Assistance
- Adoption of the Delivery Price Indexation System ※ What is the delivery price indexation system?
- Supplier Health and Safety Council
