Sustainability Implementation System

Hyundai LNG Shipping has upgraded its ESG implementation system and carried out key strategies to revitalize ESG management.
We aim to achieve our vision of becoming a "World-Class LNG Shipping Company," coexist with various stakeholders, and create a better society.
All employees faithfully fulfill their roles to make Hyundai LNG Shipping a company that creates positive profits and uses them for better work as Hyundai LNG Shipping's sustainability vision.
In 2023, we reinforced ESG management by gradually implementing key strategies according to the environmental, social, and governance goals.

World Class LNG Shipping Company

Creation of profit accompanied by its use for the greater good

Environment

Benefit to the Next Generation
via Eco-friendly Management (E)

• Systematic environment-friendly activities and performance management
• Continuous investment in environment-friendly vessels
• Compliance with environmental laws/ Alignment with marine environment regulations
• Performance of marine ecosystem protection and preservation activities

Preservation/Coexistence

Social

Efforts for Improving the Quality of
Life in Society (S)

• Enhancement of response system for disaster safety and early prevention
• Fair evaluation and compensation for employees
• Monitoring human rights management system
• Customer satisfaction and responsible supply chain management

Consideration/Respect

Governance

Pursuing Transparent Governance
and Ethical Management (G)

• Establishment and reinforcement of ESG management system
• Enhancement of risk management system
• Periodic monitoring of ethics and anti-corruption
• Strengthen communication with stakeholders

Honesty/Trust

Stakeholder Participation System

Hyundai LNG Shipping is strengthening communication with major stakeholders such as customers, shareholders and investors, employees, suppliers, and local communities.
We intend to build communication channels for each stakeholders, collect opinions actively, and reflect major opinions to management.
We will continue to establish a sustainable foundation for mutual growth with our stakeholders through regular communication and cooperative activities.

Stakeholders	Key Concerns & Expectations	Communication Channels		HLS Response Activities
		Individual Channels	Common Channels
Client	• Value Creation • Prevention of Unfair Trade • Expansion of Sustainability • Securing External Reliability	Regular Meeting (annually) Survey (annually)	Website (Always) Sustainability report (once/year)	• Collect customer opinions, reflect feedback • Establish a safe customer information protection system • Sales & marketing activities
Shareholder / Investor	• Creation of Financial Performance • Transparent Management • External Risk Management	General Meeting of Shareholders (annually) Board of Directors Meeting (quarterly) Audit Report (once/year) Management Committee (quarterly) e-Disclosure (Always)		• Report business performance through regular disclosure • Advance the mid- to long-term business strategy • Establish a future value creation system • Establish and strengthen the sustainability management strategy system
Employee	• Work-Life Balance • Improvement of Internal Competitiveness • Creation of Win-Win • Securing Growth Engine • Safe Company	Groupware (Always) Occupational Safety & Health Committee (quarterly) Labor Union (Always) Labor-Management Committee (quarterly) Grievance Handling Committee (Always) Regular Shore / Sea Meeting (Always)		• Operate training programs to strengthen employee capabilities • Strengthen welfare benefits, improve organizational culture • Establish a fair performance evaluation system • Create a safe & supportive work environment
Supplier / Partner	• Creation of Win-win • Cooperation Value • Efforts for Shared Growth • Securing a Sustainable Growth Engine • Fair Operation • Reinforcement of Safety Management	Regular Meeting (annually) Partner Invitation Workshop (Always) Business cooperation (Always)		• Continue to communicate and strengthen cooperation • Adhere to core principles of win-win-driven shared growth with partners • Manage and evaluate partner risks • Strengthen monitoring to prevent unfair practices & corruption
Society	• Eco-friendly Management • Contribution to Societal Development • Contribution to Solving Social Issues	Local meetings/council meetings (Always) Social contribution activities (Always)		• Strengthen workplace environmental management • Make donations to communities for social contribution • Carry out win-win activities with the community