HD Hyundai Xite Solution Releases First TCFD Report for Construction Machinery in Korea

June 28, 2023

Analyze the financial impact of climate change on your business

HDStrategy and blueprint for sustainable development of modern construction machinery sector

HDModernXite Solution(On behalf of Zhao Yingzhe、Lee Dong-wook)Said recently，To showHDA Sustainable Future for the Modern Construction Machinery Sector，HDModernXite SolutionFor the first time, the Korean construction machinery industry has issued a strategy to deal with climate change.TCFDReport。So is thisHDModernXite SolutionAnnounced last year“Carbon neutral by 2050”After，The initial release contains a pair ofHDThe will and efforts of modern construction machinery to cope with climate change activitiesTCFDReport。

TCFD(Task Force on Climate-related Financial DisclosureClimate Change Related Financial Information Disclosure Protocol)It is to urge the disclosure of information related to climate change in 2015.，In response to the G-20 (G20)Requirements of，Bank for International Settlement(BIS)Financial Stability Board(FSB)Established body of international agreement。

Developed in 2017TCFDThe advisory requires disclosure of the firm's governance structure and strategy、Risk management、Financial information related to climate change such as management indicators and mitigation targets。HDModernXite SolutionFirst issueTCFDThe report also fully reflects the four items required in the above advisory case.。

HDModernXite SolutionIn the transition to a low-carbon economy，Potential financial impact scenarios and coastal flooding for conversion of risk and opportunity elements、Physical hazards such as intense heat are analyzed.。In addition，In the current status of carbon neutral programs and greenhouse gas reduction activities at global plants，Hydrogen Excavators are also disclosed.、Hydrogen forklift、Results of value evaluation of environmental protection products such as hydrogen combustion engine。EYCustomer of hydrogen forklift determined by Hanying accounting legal person、Manpower、Society、The social value of financial value added together，Calculated based on 10 years of operation per unit，About 160 million won。

To achieve carbon neutrality by 2050，It specifies greenhouse gas emissions and energy use, as well as carbon emissions targets and targets at the product use stage.。HDThe modern construction machinery sector accounts for about 8% of global greenhouse gas emissions%，88% in the use stage of construction machinery products%。

HDModernXite SolutionSaid through the report.，It will be reorganized with products carrying environmental protection technology as the center.portfolio，By 2040，To achieve a 25% reduction in emissions over the life of the product using a 1-year baseline%，A blueprint for achieving carbon neutrality in the plant by 2050。

HDModernXite SolutionPlanned to be installed on medium and large equipmenttelematicsThe system is equipped with the function of calculating the carbon emissions of products.，In order to continue to implement the product use carbon reduction strategy.。

The report can be found atHDModernXite SolutionDownload from the website。