Ethics

Purpose of Enacting Ethics Charter and Practice Guideline

Hyundai AutoEver aims to be a global company that contributes to mankind society’s dreams with creative thinking and a relentless dive to overcome challenges.
As the practice of ethical management is the keystone of such a goal, Hyundai AutoEver has amended its Ethics Charter and Practice Guideline to become a reliable partner for diverse stakeholders and increase value for our customers. All members of Hyundai AutoEver should comply with this Ethics Charter and Practice Guideline.

Reference

The Ethics Charter and Practice Guideline follow the spirits and values defined by international norms and applicable laws concerning human rights, and are enacted based on the following international declarations and agreements.

  • ① Universal Declaration of Human Rights, UN General Assembly, 1948.
  • ② The Ten Principles of the UN Global Compact, UN Global Compact.
  • ③ ternational Labour Organization's Declaration on Fundamental Principles and Rights at Work, ILO (1998)
  • ④ Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, OEDC (2019).
  • ⑤ United Nations Convention Against Corruption, UN General Assembly (2013).
  • ⑥ Paris Agreement, UNFCCC (2015).
  • ⑦ The OECD Guidelines for Multinational Enterprises, OECD (2011).
  • ⑧ Global Automotive Sustainability Practical Guidance Drive Sustainability (2017).
  • ⑨ Guiding Principles on Business and Human Rights, UNGC (2011).
  • ⑩ Guidance on social responsibility, ISO(2010).
  • ⑪ UN SDGs (https://sustainabledevelopment.un.org/)
  • ⑫ CDP (https://www.cdp.net/en)

Hyundai AutoEver’s 5 Ethics Charter

1. Ethics for Employees
We shall perform our duties based on clear and transparent standards, and do our utmost to fulfil our responsibilities with integrity.
Bribery
We shall not receive any form, monetary or non-monetary, of illegal or unethical benefits and bribery from our stakeholders, nor do we provide or promise thereof.
Improper Solicitation
We prohibit improper solicitation externally between executive and employees and stakeholders, as well as internally between employees.
Conflicts of Interest
In cases where conflicts of interests between the Company and individuals are unavoidable, we act in the best interests of the Company and our customers, within the scope allowed by the law.
Insider Trading
We shall not leak secrets, knowledge or information obtained either directly or indirectly in the course of employment, nor use such illicit gains for the purpose of pursuing individual interests.
Workplace Ethics
Employees shall do their utmost to fulfil their responsibilities in the course of employment, regardless of time or place, and use the Company’s assets and facilities only for the purposes of fulfilling their duties.
Abuse of Power
We shall not abuse our power or status to exert undue influence or pursue illicit benefits for the Company or individuals.
Documentation & Reporting
We shall not create misleading documents by hiding, reducing, exaggerating or falsifying information, nor shall we report such documents or share them with internal and external stakeholders.
2. Fair Competition and Trade
We shall compete in the market fairly and conduct business ethically with parties that engage in contractual relationships with us.
Antitrust
We shall not engage in activities that would disrupt fair competition through the pursuit of unfair transactions, such as abusing our market dominance or trading position.
Collusion
We shall not engage in activities with other businesses that would restrict fair competition in terms of the prices, volume, area and terms of products and services, including, but not limited to, price fixing, bid rigging, or improper market allocation.
Unfair Competition
We shall not improperly obtain information from competitors, partners, or any other organizations, nor use or disclose information obtained illicitly by the Company or third parties.
Money Laundering
We shall not engage in money-laundering activities involving customers, partners, suppliers, or other organisations and individuals.
Intellectual Property Rights
We shall protect the trade secrets of suppliers in engaged in contractual relationships with the Company, and shall not infringe on the intellectual property rights of other companies or individuals.
Tax Compliance
For transparent and fair compliance with our tax obligations, we shall comply with the tax laws of each and every country where we have business operations, and shall not avoid legitimate tax obligations.
Procurement
We shall seek fair and mutually beneficial relationships with our suppliers, and will not engage in unfair competition.
3. Realisation of Customer Value
We shall provide safe products, exceptional services and accurate information, and we rigorously protect personal information to increase customer value.
Customer Safety
We shall not make decisions that compromise customer safety, covering all processes from research and development, to raw material procurement, manufacturing, sales and distribution, and after-sales service.
Quality
We shall not engage in any activities that would compromise the quality standards necessary to provide our customers with exceptional quality products and services in a stable manner.
Complete Information
We shall help our customers make informed decisions by providing them with correct and useful information regarding our products and services, and shall not provide falsified or exaggerated information.
Personal Information Protection
We shall comply with the laws and regulations applicable to protecting customers’ personal information, and shall not engage in activities that would illicitly infringe upon their rights to data privacy.
Customer Communication
We shall listen carefully to customers’ feedback on our products and services, and are committed to accepting reasonable demands and recommendations in this respect.
Accessibility for customers
We shall take any appropriate measures necessary to prevent discrimination against customers who are treated unfairly in terms of access to our products and services based on gender, age, disability, language, etc.
Product Liability
We are committed to providing any information necessary to prevent damage and risks to customers, and shall implement appropriate measures to ensure the safety and quality of our products and services.
4. Respect for Employees

We shall respect our members as independent individuals, and to this end, we provide fair working conditions and safe working environments.

Human Rights
We respect employees as independent individuals, and shall take affirmative action to respect the human rights universally pursued by society.
Child Labour and Forced Labour
We shall comply with the labour laws of the countries where we have business operations, and ban child labour and forced labour in the workplace.
Discrimination
We forbid discrimination against employees based on nationality, place of birth, race, gender, age, culture, religion, disability, education, political affiliation, personal tastes, or any other factors.
Equal Opportunity
We shall provide employees with equal opportunities for training and capacity development, assess them fairly based on performance, and give them fair compensation.
Harassment
We ban any and all activities, online and off-line, that may insult or damage human dignity, such as verbal abuse, sexual harassment, mental or physical coercion, corporal punishment, ostracisation, and threats.
Safety and Health
We are committed to taking all measures necessary to ensure the safety and well-being of our employees, and to maintain working environments safe from occupational accidents, injuries, disasters, disease and contagion.
Work-Life Balance
We shall endeavour to provide a working environment that promotes work-life balance for our employees.
5. Commitment to Sustainability

We shall contribute to sustainable development by fulfilling our social & environmental responsibilities as a member of society, so that diverse stakeholders may prosper together in harmony.

Sustainable Development
Through our management decision-making processes, we shall endeavour to fulfil our responsibilities concerning the sustainable development goals (SDGs), with the aim of ending the environmental and social problems facing humanity.
Environment
We understand that the environment is an invaluable asset to be preserved for future generations, and are committed to implementing responsible actions to minimise any negative impacts on the environment in all management areas.
CSR
We are committed to identifying the social problems facing our society and humanity, and to finding solutions for these issues.
Stakeholder Engagement
By proactively identifying stakeholders who may impact, or be impacted by, the company’s decision-making, we are committed to communicating and taking action with regard to important matters concerning sustainability.
Contribution and Sponsorship
We shall comply with all internal standards and rules relevant to fairly processing charitable donations and sponsorships, and ban donations and sponsorships of a political nature.
Shareholder Value
We shall promote corporate and shareholder value by implementing sustainable management practices.
Information Disclosure
We shall make financial and non-financial information publicly available, in accordance with all applicable laws and regulations.

Hyundai Autoever
Ethics Charter&Code of Conduct

INQUIRIES ETHICS

Ethics-related consultations/reports

For ethics-related consultations or reports, please contact us at the information below

Department

Management Improvement Team