Hyundai Mobis has announced a roadmap to Net-Zero under the vision of Green Transformation to 2045 Net-Zero. The company confirmed that it has joined the Science Based Targets initiative (SBTi) to work towards achieving this goal. The SBTi is a global campaign offering companies a way to set verified decarbonization targets with long-term emissions reduction plans. Through it, Hyundai Mobis expects to receive certification in two years based on the strategic tracking of its goals.
By 2030, the company aims to reduce greenhouse gas emissions by 30% compared to its 2019 level, switch the electricity used in its global sites to renewable energy by 2040, and achieve net-zero emissions across its entire supply chain by 2045.
The roadmap includes phased implementation strategies from workplace to supply and product value chains, and to local communities in the end. These strategies include the development of new technologies and the expansion of carbon reduction products based on life cycle assessment.
As part of its roadmap, Hyundai Mobis will accelerate its efforts in reducing workplace carbon emissions through energy conversion, systematic supply chain management, expanding low carbon products in line with the paradigm shift, and managing sustainable partnerships to create a green ecosystem.
In addition to its membership with the SBTi, Hyundai Mobis is participating in further net-zero global campaigns, including RE100 (Renewable Energy 100%), and Business Ambition for 1.5°C in partnership with the Race to Zero.