Potential offtaker

Hyundai Wia Corporation

www.hyundai-wia.com

Estimated electricity consumption

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Countries of production presence

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Hyundai Wia Corporation is a South Korean company that specializes in the production of auto parts. Established in 1976, the company has grown to become one of the leading auto parts manufacturers in the world. Hyundai Wia Corporation has a global presence, with operations in Asia, Europe, and the Americas. The company's products include engines, transmissions, axles, and steering systems, among others.

As the world continues to grapple with the challenges of climate change, there is a growing need for companies to adopt sustainable practices. Hyundai Wia Corporation is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious goals to reduce its greenhouse gas emissions and promote sustainable practices across its operations. Hyundai Wia Corporation recognizes that decarbonisation is not only good for the environment but also makes good business sense.

One of the ways Hyundai Wia Corporation is promoting decarbonisation is through the use of renewable energy. The company has invested in renewable energy projects, including wind and solar power, to reduce its reliance on fossil fuels. By using renewable energy, Hyundai Wia Corporation is not only reducing its carbon footprint but also saving on energy costs.

Hyundai Wia Corporation is also committed to promoting corporate energy efficiency. The company has implemented energy-saving measures across its operations, such as the use of energy-efficient lighting and equipment. These measures have not only reduced the company's energy consumption but also resulted in significant cost savings.

Another way Hyundai Wia Corporation is promoting sustainability is through the use of corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy over a specified period. By using PPAs, Hyundai Wia Corporation is promoting the growth of renewable energy and reducing its carbon footprint.

Hyundai Wia Corporation recognizes that sustainability is not just about reducing its environmental impact but also about creating value for its stakeholders. The company's commitment to sustainability is reflected in its corporate social responsibility (CSR) initiatives. Hyundai Wia Corporation is involved in various CSR activities, including community development, education, and environmental conservation.

In conclusion, Hyundai Wia Corporation is a leading auto parts manufacturer that is committed to sustainability and decarbonisation. The company recognizes the importance of reducing its carbon footprint and promoting renewable energy. Through the use of renewable energy, corporate energy efficiency, corporate PPAs, and CSR initiatives, Hyundai Wia Corporation is promoting sustainable practices across its operations. As the world continues to grapple with the challenges of climate change, companies like Hyundai Wia Corporation are leading the way in promoting sustainable practices and creating a better future for all.