- MSCI ESG rating: BBB → A, “one-level upgrade”

Hyundai Elevator is delivering notable results from its ESG management initiatives.

Hyundai Elevator’s ESG management, which has been actively promoted, is achieving remarkable results. The company announced on the 25th that it received an “A” rating in the 2026 MSCI ESG evaluation released on Mar 23 by MSCI (Morgan Stanley Capital International), a global ESG rating institution. This represents a one-level increase from the previous “BBB” rating. In particular, improvement in the Environmental category is analyzed as the main factor contributing to this rating upgrade.

Hyundai Elevator’s ESG management is assessed as being at the highest level when compared with global elevator companies. In S&P Global’s Corporate Sustainability Assessment (CSA), the company recorded 59 points, an increase of 7 points compared to the previous year, and ranked first among global elevator companies. Furthermore, domestically, the company has consolidated its status as an ESG-leading company by receiving a comprehensive A+ rating from the Korea Institute of Corporate Governance and Sustainability (KCGS), a comprehensive AA rating from Sustinvest, and being selected as one of the “ESG Best Companies 100.”

Hyundai Elevator’s ESG management efforts stand out in each field. In the Environmental category, the company installed solar power generation facilities with a total capacity of 7,600 kW at its Chungju Smart Campus in 2022 and is working to reduce greenhouse gas emissions. It is also strengthening management for carbon neutrality by expanding the emissions reporting scope to include some subsidiaries and overseas corporations. In particular, the company is also conducting activities to identify and improve environmental impacts throughout the entire process, from product development to disposal, through product Life Cycle Assessment (LCA).

 In addition, in the Social category, the company conducts a human rights impact assessment and an employee satisfaction survey once a year, and is becoming a family-friendly company through events such as employee family invitation events. In the Governance category, the company is striving to increase corporate value through transparent management and shareholder-friendly policies, including implementing plans to enhance shareholder value and providing dividend predictability through amendments to its articles of incorporation.

Meanwhile, Hyundai Elevator began ESG management in earnest in 2022 and has established and announced a mid- to long-term plan for realizing carbon neutrality by 2050. It is also actively carrying out various ESG activities, including ▲improving governance through strengthening board independence, ▲establishing an inclusive organizational culture, and ▲conducting social contribution activities x-x-linked with local communities.