IPARK Hyundai Development Company Earns Integrated A Rating for Third Consecutive Year in KCGS ESG Assessment

[Financial News] HDC Group's IPARK Hyundai Development Company received an integrated A rating for the third consecutive year in the Korea Institute of Corporate Governance and Sustainability (KCGS) ESG assessment.
\ \ According to IPARK Hyundai Development Company on the 11th, it earned an integrated A rating in the “2026 ESG Evaluation and Ratings” announced by KCGS.
\ \ The Korea Institute of Corporate Governance and Sustainability assessed the environmental (E), social (S) and governance (G) performance of 1,020 listed companies this year and assigned ratings across seven grades, from S to D. This year, it focused on assessing not only whether companies had established risk management systems but also how effectively those systems were implemented.
\ \ IPARK Hyundai Development Company maintained an integrated A rating for three consecutive years, from 2024 through this year. Specifically, it received an A+ in the social (S) category, while its governance (G) rating was upgraded to A, giving it ratings of A or higher in all three categories: environmental (E), social (S) and governance (G).
\ \ It received an A in the environmental category. Factors reflected in the rating included disclosure of climate-related information in accordance with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), and the establishment of a management system to address risks and opportunities related to natural capital based on the disclosure framework of the Taskforce on Nature-related Financial Disclosures (TNFD). The company has reduced waste generation for three consecutive years and is also increasing the share of eco-friendly sales and its purchasing ratio.
\ \ It maintained an A+ in the social category. Key achievements cited included the use of digital technologies, such as drones and an integrated control center for closed-circuit television (CCTV), to manage construction-site safety, and improvements for three consecutive years in key safety indicators, including the fatality rate per 10,000 workers and the rate of high-risk accidents.
\ \ It also strengthened management systems related to human rights management and social responsibility, including by conducting human rights impact assessments for executives and employees and calculating social value by converting the impact of corporate business activities on society into monetary terms.
\ \ The governance rating rose from B+ last year to A this year. Key improvements included strengthening the board's oversight function by enhancing the independence of the Independent Director Nomination Committee, and appointing a chief risk officer (CRO). The company also established a system for integrated management of financial and non-financial risks.
\ \ An ESG official at IPARK Hyundai Development Company said, “Maintaining an integrated A rating for the third consecutive year and the upgrade in the governance rating are the result of our continued efforts to improve management systems across all ESG areas, including climate change response, occupational safety and health, human rights management, governance and risk management. We will continue to enhance our framework for responding to mandatory ESG disclosure requirements and embed ESG as a core management system that supports corporate value and sustainable growth.”

[email protected] Choi A-young Reporter