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Hyundai Motor Group Executive Chairman calls for bold action on climate change and energy poverty at B20 Indonesia Summit 2022

  • Executive Chairman Euisun Chung speaks on the theme “Energy poverty and accelerating just and orderly use of sustainable energy”, at the B20 Indonesia Summit 2022
  • Organized before the G20 Summit, the B20 Summit attracts thousands of participants from the main member countries of the G20
  • Executive Chairman Chung urges governments and global businesses to adopt sustainable energy solutions to fight climate change
  • Executive Chairman Chung highlights Hyundai Motor Group’s carbon neutral efforts and commitment to clean mobility as “the right move for the right future”
  • Hyundai Motor and Kia Corporation plan to achieve net zero emissions across their entire value chains, including sourcing, production, logistics and disposal
  • The group provides electric vehicles, such as Genesis Electrified G80 and Hyundai IONIQ 5, as official transport for the 2022 G20 summit in Bali

Seoul, South Korea, November 13, 2022 /PRNewswire/ — Executive Chairman of Hyundai Motor Group (the Group) Euisun Chungdelivered a keynote address today at the B20 Summit 2022 in Bali, Indonesia on the theme ‘Energy poverty and accelerating the just and orderly use of sustainable energy.’

The top of the B20, November 13-14facilitates an advisory body made up of private economic groups and companies that makes policy recommendations to the leaders of the G20 summit in Bali in 2022, November 15-16under the theme “Promoting innovative, inclusive and collaborative growth”.

In his keynote address at the Energy, Sustainability and Climate and Finance and Infrastructure session of the B20 Summit, Executive Chairman Chung said, “Now is the time for bold decisions. demonstrate leadership.”

The Executive Chairman also referenced the climate crisis and severe energy poverty, emphasizing the need for all responsible people in global society, including governments and businesses, to work together to shift to sustainable energy solutions.

Executive Chairman Chung said, “The fact is, the world is facing a climate change crisis. The auto industry is rethinking energy and investing in renewables, but it’s a business we can’t pursue alone. With common sense solutions, government and industry can provide the right incentives for businesses and consumers to embrace clean mobility.”

“But climate change is not the only reason to accelerate our transition to sustainable energy. The world faces myriad economic challenges: the social and economic aftershocks of COVID, a global shortage of semiconductors, the inflation, rising interest rates and soaring commodity prices.”

Executive Chairman Chung highlighted the group’s efforts towards carbon neutrality: “We are pursuing a zero-emissions strategy in all our value chains, including auto parts procurement, vehicle manufacturing, logistics, our products by customers and vehicle recycling. We need strong support from world leaders who create policies that encourage investment in these new resources and technologies.”

Regarding hydrogen as a future clean energy solution, he explained: “Renewable energy comes with different challenges, including supply and storage limitations. Hydrogen can solve many of the these issues. And now there is a global consensus on the importance of hydrogen as a future.” , unlimited energy solution.”

“Governments and businesses must play their part and drive global change. Together, we can set the conditions to accelerate the adoption of environmentally friendly solutions.”

Executive Chairman Chung concluded his remarks by reiterating the group’s commitment to pursuing sustainable growth. “Hyundai Motor Group will continue to make the right choices for the right future for everyone,” he said.

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SOURCEHyundai Motor Group