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Ethics & Compliance Management

  • HDEC ESG Policies(Message from the CEO)
  • Zero Tolerance (Message from the CEO)

Digitalized internal control over Financial Reporting System

  • Hyundai E&C is developing our decision making process more transparent by introducing computerized system. By digitalizing our internal control over financial reporting system, Hyundai E&C expects to achieve (i) more efficient business operations; (ii) more reliable financial statements; and (iii) more strengthened monitoring system.

WIN-WIN Cooperation with business partners

  • Hyundai E&C has always been committed to establish a fair and transparent commercial relationship with our business partners. In order to achieve our goal of mutual growth with SMEs, Hyundai E&C carries out a nation-wide periodical survey to ensure proper benefits of our subcontractors and adopts joint operation system with subcontractor to calculate the performance and payments. In addition, Hyundai E&C provides ethical training program to our subcontractors on an annual basis.

Fair Transaction

  • Hyundai E&C adopted internal fair competition compliance program specifically designed to prevent any violations of competition law of Korea (“the Monopoly Regulation and Fair Trade Act”). Annually, every workforce of Hyundai E&C including directors, executives, officers and employees shall take fair transaction training program.

Ethics and Transparent Management System

Concept

MORAL PRIDE IN HYUNDAI E&C: Hyundai E&C in which All of Customers, Employees, and Suppliers Take Pride

3 Practical Elements

Code of Conduct · Supervisory Body · Ethics Training

5 Areas of Implementation

01. Establish a transparent management system on a global scale
02. Carry out an in-depth training on “Clean Company”
03. Expand and improve management evaluation task
04. Build infrastructure for ethical management
05. Enhance the win-win cooperation system

Relationship with Stakeholders
  • Build customer trust
  • Maximize shareholder value
  • Respect employees and Promote equality
Fair Competition in the market economy
  • Prohibit any form of bribery
  • Reject any form of cartel activities
  • Pursue mutual growth with SMEs
Corporate Social Responsibilities
  • Comply with applicable laws
  • Contribute to social development and local community
  • Protect the environment by eco-friendly business
Ethical Practice in doing Business
  • Do not accept any improper payments
  • Protect company property
  • Respect social norm
  • Make better working environment

Hyundai E&C acknowledges that anti-bribery and compliance management is an integral part of corporate sustainability. Hyundai E&C’s achievement of ISO 37001 certification highlights the commitment to foster greater understanding and confidence in our anti-bribery management system.

As part of our corporate social responsibility, Hyundai E&C is committed to strengthening corporate culture of anti-corruption, and continually improving our anti-bribery management system focused on identifying, detecting, and addressing bribery risks in all functional areas of business.

Ethics Charter & Code of Conduct

Download Ethics Charter & Code of Conduct

Hyundai E&C pursues ethical values as a top priority to realize our vision as “Top-tier Global Company”.

As a global EPCM company, Hyundai E&C continues to make effort to strengthen the ethical corporate culture by sharing the ethical management vision with all stakeholders including all our executives and employees, all partners. We will continue to develop ethical management that reflects industrial trends and various needs of our stakeholders by establishing a practical ethical management system focus on ethics of executives & employees, fair competition & trade, realization of customer's value and the pursuit of sustainability

Human Rights Charter

Download Human Rights Charter

As a responsible global leading construction company, Hyundai E&C leads to establish the standards for global human rights’ management.

For human rights management, Hyundai E&C is committed to complying with a wide range of recognized human rights/labor-related international standards and guidelines, such as the Universal Declaration of Human Rights, UN Guiding Principles on Business and Human Rights and International Labor Organization Constitution, and OECD Due Diligence Guidance for responsible business conduct, among others. Hyundai E&C strives to build the highest level of respect and protection for human rights in all countries in the world where it leads to business. In addition, we are committed to prevent potential risks of human rights violations and to minimize negative human rights impacts.

Ethics · Compliance Policy & Procedures

  • Anti-corruption Compliance Policy
  • Anti-trust Policy
  • Fair-Compensation Policy
  • Competition Compliance Policy
  • Whistleblowing Policy and Procedure
  • Anti-money laundering & Counter-terrorism Financing (AML/CTF) Policy
  • Sanctions Compliance Policy
  • Anti-Slavery and Human Trafficking Policy

Certificates

  • 부패방지경영 인증서
    ISO37001:2016
    Anti-Bribery Management System
    In November 2021, Hyundai E&C obtained ISO 37001:2016 Anti-Bribery Management System (ABMS) certification. It certifies that Hyundai E&C has successfully established an ABMS to prevent, detect, and address bribery risks in all functional areas of business. Hyundai E&C is committed to continually monitoring and improving the ABMS.
    Certified by : Lloyd’s Register Quality Assurance (Korea) Ltd.

    · Acquisition date : 8 November 2021 · Expiration date : 7 November 2027

Ethics management activities

  • 2024 Requirement of Ethical Management Pledge for All Employees
  • 2023 CEO Message on Ethical Management
  • 2023 2nd Post-Audit of ISO 37001 Anti-Bribery Management System
  • 2023 Ethics and Compliance Training
  • 2023 Ethical Management Pledge Requirement for All Employees
  • 2023 Anti-Corruption Training in Saudi Arabia
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