This report contains our recommendations with regards to compliance with principle eight which states “businesses should undertake initiatives to promote greater environmental responsibility” and principle ten which states “businesses should work against corruption in all its forms, including extortion and bribery.” We believe these two terms are of great importance in Australia, so both of them should be emphasized in the local network.
Hyundai has long been a strong proponent of the Global Compact since 2008. We, together with other participators, are pursuing for the best working practices for our engagement in the local network. In the past four years, Hyundai promoted the UN values and complied with the ten principles concerning with its products, services, employees and all other behaviors. Instead of being a simply advocate, Hyundai combines corporate social responsibility with its own business principles in a proactive participation. At Hyundai we have engaged in many types of social responsibility activities, and successfully handled issues that are material to our commercial performance, through continuous improvement ranging from environment to anti-corruption within which we operate. We have been devoting ourselves to mainstream the ten principles all over the world and to support broader UN goals. The fruits are presented in Hyundai’s annual report. And periodic communications on progress (COPs) are available online. Our long great efforts assure us that we are well placed to make recommendations to the local network. These recommendations, we believe, with proper adjustment can be applied by all members of our local network. The two recommendations are as follows
A: Supporting beneficial foundations to improve local environment;
B: Building corruption-prevention systems;
Hyundai holds a strong belief that all companies should integrate corporate social responsibility into their worldwide business. We understand