Business · Companies · 17 hrs ago

Hyundai and Kia to help suppliers meet global greenhouse gas rules

Hyundai and Kia to help suppliers meet global greenhouse gas rules

Hyundai and Kia will help their suppliers prepare for global greenhouse gas rules under a new agreement in South Korea.

The automakers signed it with the Korean Agency for Technology and Standards, their suppliers’ association and the K-Mobility Bridge Foundation.

The agreement adds regulatory guidance to existing support for cutting suppliers’ emissions, which Hyundai and Kia have run since last year.

The automakers will identify suppliers’ practical problems, while the standards agency will help address environmental and carbon rules affecting global supply chains.

The partners will also provide training on carbon management and regulation, and set up a working group to share problems and link suppliers with support.

The companies say the effort is intended to support suppliers’ export competitiveness as they reduce emissions and meet regulations.

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Hyundai and Kia representativeCompany representative
We will bring together public and private sector expertise to help suppliers understand complex global technical regulations and develop response measures.
via Yonhap
We will support greenhouse gas reductions and regulatory compliance together to underpin suppliers’ export competitiveness.
via Yonhap