Hyundai Rotem releases data on eco-friendly railway businesses

Its internal analysis found that its rail solution business, including high-speed trains, trains, and trams, meets K-Taxonomy standards

Hyundai Rotem releases data on eco-friendly railway businesses
Jae-Fu Kim 1
2023-02-07 11:34:44 hu@hankyung.com
ESG

Hyundai Rotem, the railway system subsidiary of Hyundai Motor Group, announced on Monday it has published information about its sales and research and development progress in its railway vehicle and signal system supply business and hydrogen energy facility manufacturing and supply business on its website.

The company said the sectors are suitable for green economic activities as defined by K-Taxonomy.

K-Taxonomy, a guideline released by the South Korean Ministry of Environment in 2022, is designed to revive green finance and identify eco-friendly economic activities that support environmental goals such as reducing greenhouse gas emissions and adapting to climate change.

According to Hyundai Rotem, its internal analysis found that its rail solution business, including high-speed trains, trains, and trams, meets K-Taxonomy's standards for "manufacturing pollution-free vehicles and railway vehicles."

The company also said its hydrogen energy businesses, including hydrogen charging stations and hydrogen extractors, align with K-Taxonomy's standards for "building and operating pollution-free transport infrastructure" and "manufacturing hydrogen."

As of 2021, Hyundai Rotem's sales share in projects that complies with K-Taxonomy reached 48.2%.

Write to Jae-Fu Kim at hu@hankyung.com
##Hyundai Rotem K-Taxonomy #korea hyundai rotem #hyundai rotem esg #rotem k-taxonomy

Hyundai Rotem's new braking technology acquires green certification

Hyundai Rotem's new braking technology acquires green certification

Seoul subway train equipped with Hyundai Rotem's zero-speed regenerative braking system Hyundai Rotem, a South Korean railway rolling stock supplier under Hyundai Motor Group, acquired a green certification for its zero-speed regenerative braking of propulsion control device from the Korea Inst

Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal

Hyundai Rotem delivers first batch of K2 tanks to Poland in $3.4 bn deal

Government officials and business leaders at a ceremony for the arrival of Hyundai Rotem's K2 Black Panther tanks in Poland on Dec. 7, 2022 Hyundai Rotem Co., a South Korean defense equipment maker, said on Wednesday it has delivered the first batch of its battle tanks to Poland as part of a $3

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem's EMU-320, Korea's fastest bullet train Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bullet train that can run at a maximum speed of 320 kilometers (199 miles) an hour.Following a test run, the new tra

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem's hydrogen extractor assembly line in Uiwang City, Korea Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to build one liquid hydrogen fueling station in Gangwon Technopark, an industria

Hyundai Rotem to mass produce hydrogen extractors

Hyundai Rotem to mass produce hydrogen extractors

A Hyundai Rotem engineer explains its hydrogen extractor at the company’s plant in Uiwang, South Korea (Courtesy of Hyundai Rotem) South Korea’s Hyundai Rotem is set to start in February mass production of hydrogen extractors that derive hydrogen from natural gas as it aims to meet

(* comment hide *}