project work Flashcards
(125 cards)
1
Q
What is the name of the company selected for the sustainability report?
A
Kia Corporation
2
Q
When was Kia Corporation founded?
A
December 11, 1944
3
Q
Where is Kia Corporation headquartered?
A
Seoul, South Korea
4
Q
Who is the CEO of Kia Corporation as of recent reports?
A
Ho Sung Song
5
Q
What is Kia Corporation’s parent company?
A
Hyundai Motor Group
6
Q
On which exchange is Kia Corporation traded?
A
Korea Exchange (KRX: 000270)
7
Q
What types of vehicles does Kia Corporation produce?
A
Passenger cars, SUVs, electric vehicles (EVs), light commercial trucks
8
Q
What is Kia’s annual revenue as of the latest report?
A
Around $70 billion USD
9
Q
What is the workforce size of Kia Corporation?
A
Over 50,000 employees worldwide
10
Q
What is one of Kia’s main slogans?
A
Movement that Inspires
11
Q
What is the vision of Kia Corporation?
A
To deliver forward-thinking mobility innovations that enhance lives around the world
12
Q
Define sustainability according to Kia Corporation.
A
A multi-dimensional commitment to reducing environmental impact, enhancing social responsibility, and promoting long-term economic growth in harmony with nature and society
13
Q
What is Kia’s commitment regarding electrification of transportation?
A
To release 15 EV models and achieve 1.6 million EV sales annually by 2030
14
Q
What is Kia’s target year for achieving carbon neutrality?
A
2045
15
Q
What are Kia’s three main megatrends?
A
- Electrification of Transportation
- Environmental Responsibility
- Circular Economy
16
Q
What is one of the main risks Kia faces related to regulatory and policy changes?
A
Failure to comply with evolving emissions regulations could lead to fines and reputational damage
17
Q
What is Kia’s approach to engaging with customers?
A
Conducting customer satisfaction surveys and enhancing digital channels
18
Q
What approach does Kia take towards suppliers and business partners?
A
Applying a strict Supplier Code of Conduct and collaborating on green projects
19
Q
Identify a material issue related to environmental concerns for Kia.
A
Reducing carbon emissions at vehicle operation stage
20
Q
What is the impact of fostering talent and supporting career development for Kia?
A
Higher employee retention and productivity
21
Q
What is one governance issue Kia faces?
A
Managing product safety risks and improving customer experience
22
Q
Fill in the blank: Kia aims to achieve _______ by 2045.
A
carbon neutrality
23
Q
True or False: Kia has committed to using 20% recycled plastic in all vehicles by 2030.
A
True
24
Q
What is Kia’s strategy for addressing supply chain and resource risks?
A
Investing in sustainable and transparent supply chains
25
What innovative platform is Kia developing to enhance EV production?
Electric Global Modular Platform (E-GMP)
26
What are the stakeholders involved in Kia's supply chain?
* Parts manufacturers
* Logistics providers
* Battery suppliers
* Technology partners
27
What is Kia's approach to managing waste disposal?
Managing and reducing waste disposal to comply with regulations and improve efficiency
28
What is the main goal of Kia's sustainability philosophy, EcoDynamics?
To drive innovation in low-emission technologies and resource-efficient manufacturing
29
What percentage of Kia's production is targeted to be eco-friendly models by 2025?
40%
30
What is one of the key features of Kia's EV9 model?
It uses the E-GMP platform with sustainable materials
31
What does effective workplace safety management minimize?
Legal liabilities and compensation costs from workplace accidents
## Footnote
Also boosts morale and efficiency.
32
What is a key aspect of managing human rights in the supply chain?
Monitoring and managing human rights
## Footnote
Strengthens corporate reputation and reduces legal risks.
33
What is the impact of managing product safety risks?
Reduces recall risks and enhances brand trust
## Footnote
Leads to increased customer loyalty and market competitiveness.
34
What does strengthening anti-corruption compliance management ensure?
Regulatory compliance and mitigates financial and legal risks
## Footnote
Enhances investor confidence.
35
What are Kia's goals regarding carbon emissions?
Reduce carbon emissions at vehicle operation stage
## Footnote
Shift to electric vehicles and compliance with climate regulations.
36
What is included in Kia's carbon action plan?
Implementing carbon action plan and joining EV100
## Footnote
Aims for carbon neutrality across all business sites.
37
What strategies does Kia employ to improve vehicle energy efficiency?
Applying technology for fuel efficiency and enhancing quality
## Footnote
Focuses on internal combustion engines and energy-efficient vehicles.
38
What is a key focus of Kia's sustainability plan?
Environmental sustainability
## Footnote
Aims for carbon neutrality by 2045 and expansion of EV models.
39
What are Kia's targets for electric vehicle sales by 2030?
1.6 million annual EV sales
## Footnote
Includes 1.2 million battery EVs.
40
What is Kia's commitment to renewable energy in manufacturing?
100% renewable energy in global factories by 2040
## Footnote
Starting with Europe by 2030.
41
What does Kia's 'Plan S' strategy focus on?
Shift to sustainable mobility
## Footnote
Transitioning to electric vehicles and smart mobility solutions.
42
What is the goal for Kia's vehicle recyclability by 2030?
Achieve 95% vehicle recyclability rate
## Footnote
Also aims to use 20% recycled plastics in new vehicles.
43
What does Kia aim to achieve in terms of diversity by 2030?
Increase women in leadership roles to 30%
## Footnote
Up from 22% in 2023.
44
What is one of the main risks Kia faces regarding regulatory changes?
Regulatory penalties and stranded ICE assets
## Footnote
Related to emissions regulations.
45
How does Kia plan to address child labor risks in its supply chain?
Ensure 100% conflict-free minerals for EV batteries by 2030
## Footnote
Addresses investor ESG demands.
46
What is a key aspect of Kia's social responsibility initiatives?
Supports education and community engagement programs
## Footnote
Partners with organizations like the UN Global Compact.
47
What is the target for reducing supply chain emissions by 2030?
Reduce emissions by 30%
## Footnote
In partnership with suppliers.
48
What is a specific target under SDG 7 for Kia?
Increase share of renewable energy in the global energy mix by 2030
## Footnote
Commitment to 100% renewable electricity by 2040.
49
What is the significance of Kia's annual sustainability reports?
Disclosed alongside financial reports
## Footnote
Shows progress on CO₂ reduction, EV sales growth, and social impact.
50
What does Kia's electrification strategy include?
Launch 15 new EV models by 2027
## Footnote
Including the EV6 and EV9.
51
What is Kia's short-term goal for vehicle emissions by 2030?
Reduce vehicle emissions by 30% compared to 2019
## Footnote
Part of the broader carbon neutrality strategy.
52
What is Kia's target for R&D investment by 2026?
$25 billion+ on EVs, batteries, and mobility tech
## Footnote
To support electrification and sustainable innovations.
53
What does Kia's governance commitment include regarding anti-corruption?
Strong policies to prevent unethical business practices
## Footnote
Includes raising awareness and compliance training.
54
What is the target for Kia's hydrogen fuel cell technology?
Launch hydrogen-powered vehicles
## Footnote
Commercial models first.
55
What is the aim of Kia's community investment initiatives?
Expand global CSR programs
## Footnote
For instance, the 'Green Light Project' for underserved communities.
56
What is Kia's commitment regarding renewable energy by 2040?
Kia has committed to using 100% renewable electricity in its operations worldwide.
## Footnote
This commitment is part of the RE100 initiative aimed at sourcing all electricity from renewable sources.
57
What is Target 9.4 of SDG 9?
Upgrade infrastructure and retrofit industries to make them sustainable by 2030.
## Footnote
This includes increased resource-use efficiency and greater adoption of clean technologies.
58
How is Kia upgrading its vehicle production systems?
Kia is shifting to electric vehicle (EV) manufacturing and investing in smart factories to optimize energy use and minimize waste.
59
What does Target 12.5 of SDG 12 aim for?
Substantially reduce waste generation through prevention, reduction, recycling, and reuse by 2030.
60
How is Kia working to reduce its environmental footprint?
By incorporating recycled plastics into car interiors and exteriors, managing industrial waste efficiently, and reusing/recycling EV batteries.
61
What is Kia's long-term climate goal?
To reach carbon neutrality by 2045.
62
What is Kia's role in biodiversity protection?
Kia participates in programs that restore coastal and tidal flat ecosystems and protect local wildlife habitats.
63
When did Kia join the United Nations Global Compact (UNGC)?
Kia became a participant on July 2, 2008.
64
What are the main elements of Kia’s climate commitments?
* Paris Agreement Alignment
* Governance & Accountability
* Climate-Related Incentives
* Carbon Neutrality Roadmap
## Footnote
These elements guide Kia's sustainability and climate action strategies.
65
What is the purpose of Kia's Sustainability section on its institutional website?
To report sustainability efforts, including policies, goals, reports, and initiatives.
66
What are some strengths of Kia's sustainability reporting?
* Transparent Metrics
* Third-Party Alignments
* User-Friendly Layout
## Footnote
These strengths enhance the clarity and accessibility of the information provided.
67
What is a suggested improvement for Kia's sustainability reporting?
Enhance transparency by adding a live dashboard showing current EV sales vs. 2030 target.
68
What are the two material issues identified in Kia's Sustainability Report?
* Climate Change Mitigation (GRI 305 - Emissions)
* Occupational Health & Safety (GRI 403 - Occupational Health & Safety)
69
What KPIs does Kia use to report on Climate Change Mitigation?
* Scope 1 GHG emissions
* Scope 2 GHG emissions
* Total GHG emissions
* GHG emissions intensity
* GHG emissions reduction target
## Footnote
These KPIs help measure Kia's climate impact.
70
What gap exists in Kia's human rights approach according to the UNGP Framework?
No explicit advocacy for stronger human rights laws in operating countries.
71
What is one critical gap in Kia's supply chain ethics?
No tier-2/3 supplier transparency.
72
What is Kia's commitment regarding diversity in leadership?
To achieve 30% women in leadership by 2030.
73
What is a proposed improvement for Kia's grievance mechanisms?
Partner with local NGOs for worker-led grievance systems.
74
What is one area Kia can improve regarding high-risk mineral sourcing?
Adopt blockchain tracing for supply chain transparency.
75
What is the main focus of Kia's human rights policy?
To align with the UNGPs, emphasizing a 'Protect, Respect, and Remedy' framework.
76
What is the recommendation for partnering with NGOs?
Create an external complaint platform
## Footnote
Example: Fair Labor Association
77
What issue exists with high-risk mineral sourcing?
Vague on cobalt/lithium sourcing with no mine-level disclosures
78
What is recommended for high-risk mineral sourcing?
Adopt blockchain tracing, like BMW’s pilot with Circulor
79
What issue is noted regarding migrant worker protections?
Limited data on migrant labor in factories, e.g., Malaysia, UAE
80
What is the recommendation for improving migrant worker protections?
Follow IHLO standards, like Samsung’s migrant worker charter
81
What issue exists regarding diversity beyond gender?
No metrics on ethnic/racial diversity
82
What is recommended for measuring diversity beyond gender?
Disclose workforce demographics like Ford’s ESG reports
83
What is Kia's most relevant initiative disclosed?
Conflict-Free Mineral Sourcing
84
What is the material impact of Kia’s commitment to conflict-free sourcing?
Battery minerals linked to child labor in Congo
85
What is Kia's target for conflict-free sourcing?
100% conflict-free sourcing by 2030 via RMI partnerships
86
What area does Kia need to improve concerning mineral sourcing?
Add mine-level transparency, 'naming smelters'
87
What is a priority action for Kia regarding human rights?
Launch a 'Human Rights Dashboard'
88
What should the 'Human Rights Dashboard' include?
* Real-time supplier audit data
* Grievance case resolutions
* Mineral sourcing maps
89
How does Kia’s EV growth relate to ethical supply chains?
Strengthening disclosures mitigates reputational, legal, and financial risks
90
Which Sustainable Development Goals (SDGs) does Kia align with?
* SDG 7: Affordable Energy
* SDG 8: Decent Work
* SDG 9: Industry Innovation
* SDG 12: Responsible Consumption
* SDG 13: Climate Action
* SDG 16: Peaceful Societies
91
What is a gap in Kia's reporting on SDGs?
Missing explicit SDG mapping in reports
92
What are the four steps in the proposed roadmap for SDG alignment?
* Policy Commitment
* Due Diligence
* Integration
* Remedy & Reporting
93
What is a proposed target for SDG 7?
Power 50% of plants with renewables by 2030
94
What is a proposed target for SDG 8?
Disclose supplier wage ratios by 2025
95
What is a proposed target for SDG 13?
Cut Scope 3 emissions 30% by 2030
96
What is Kia's circular economy approach?
* EV Battery Lifecycle Management
* Sustainable Design and Materials
* Recycled Plastics and Marine Conservation
97
What is a proposed project for Kia's circular economy?
Kia Circularity Hub
98
What are the components of the 'Kia Circularity Hub'?
* Interactive Digital Platform
* Consumer Participation Programs
* Educational Campaigns
99
What is Kia's approach to digital sustainability?
* Smart Manufacturing and AI Integration
* Paperless Operations
* Eco-Friendly Digital Services
* Virtual Prototyping and Digital Twins
* Sustainable Data Centers
* Blockchain for Sustainable Supply Chains
100
What is a communication campaign proposed by Kia?
'Drive the Future, Recycle Today'
101
What are the main benefits of becoming a B Corp?
* Enhanced credibility and consumer trust
* Improved access to ESG-aligned investment funds
* Structured internal governance
* Competitive differentiation
102
What certifications does Kia currently not hold?
SA8000 certification
103
What recognition has Kia received from the Dow Jones Sustainability Index?
Included in the DJSI World for two consecutive years
104
What is Kia's ESG Risk Score from Sustainalytics?
25.1, placing it in the 'Medium Risk' category
105
What rating did Kia receive from the CDP in 2023?
A- for both Climate Change and Water Security
106
What is the purpose of Kia's green bonds?
To fund EV/clean mobility projects
107
What gap exists in Kia's use of sustainability-linked loans?
No public details on interest rate incentives/penalties
108
What is Kia's alignment with the EU Taxonomy?
Partial alignment reported, e.g., EV6 production qualifies as 'sustainable'
109
What is the amount of the Sustainability-Linked Loan (SLL) secured by Kia in 2022?
$500M
## Footnote
Terms tied to EV sales targets
110
What type of bonds has Kia not yet issued independently?
Green Bonds
## Footnote
Unlike BMW’s €2.5B issuance
111
What is Kia's reported alignment with the EU Taxonomy?
Partial alignment
## Footnote
EV6 production qualifies as 'sustainable'
112
What internal mechanism does Kia apply to emissions-heavy projects?
Internal Carbon Fee
## Footnote
Applied to projects like ICE plant upgrades
113
What is a proposed initiative for Kia to improve its sustainable finance?
Issue Kia-Specific Green Bonds
## Footnote
Example: $1B for EV battery recycling plants
114
What is the target percentage for women in leadership that Kia aims for by 2030?
30%
## Footnote
Related to Sustainable Development Goal (SDG) 5
115
What is the proposed carbon emission reduction target for Kia by 2045?
97%
## Footnote
Related to Sustainable Development Goal (SDG) 13
116
What is the strategic benefit of issuing green bonds for Kia?
Lower financing costs
## Footnote
Due to ESG investor demand
117
What flexibility do Sustainability-Linked Bonds (SLBs) offer compared to green bonds?
Funds aren't restricted to green projects
## Footnote
Unlike green bonds
118
What initiative should Kia adopt to disclose the percentage of green revenue and CAPEX?
EU Taxonomy Reporting
## Footnote
Similar to competitors like Volvo
119
What is the purpose of Transition Bonds for Kia?
Fund ICE-to-EV factory conversions
## Footnote
Critical for automakers transitioning to electric
120
What is the projected timeline for issuing Green Bonds?
2024-2025
## Footnote
Stakeholders include CFO and ESG Team
121
What is the expected cost efficiency benefit of sustainable finance for Kia?
Reduce capital costs by 1-3%
## Footnote
According to MSCI 2023
122
What was the title of the event held by Kia in October 2023?
Kia EV Day 2023 – Empowering a Sustainable Future
## Footnote
Aimed to showcase Kia's electric vehicle lineup
123
What sustainability initiative was presented at Kia EV Day 2023 related to materials?
Use of sustainable materials in vehicle designs
## Footnote
Examples include bio-based leather alternatives and recycled plastics
124
What feature of the event minimized its carbon footprint?
Digital live-streaming
## Footnote
Allowed reaching global audiences
125
What is one of the main objectives of Kia EV Day 2023?
Demonstrate commitment to carbon neutrality
## Footnote
Alongside technological innovation
