HMM bags highest platinum rating for its sustainability efforts
HMM has announced that it was awarded a platinum rating, the highest recognition given by EcoVadis, for its sustainability efforts. It received a silver rating in 2021, upgraded to gold in 2022, and elevated to platinum in 2023, highlighted a release.
EcoVadis assesses companies’ corporate social responsibility performances in four main areas: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. The criteria for its scorecards: Platinum (Top 1%) > Gold (Top 5%) > Silver (Top 15%) > Bronze (Top 35%) > No Ratings (The remainder).
The assessment system has been reorganised this year, strengthening the rating criteria. HMM has been recognised by EcoVadis as one of the world’s top 1% sustainable companies in the Sea and Coastal Water Transport sector, achieving EcoVadis platinum rating for the first time, the release added.
“We are committed to fulfilling our corporate social responsibility (CSR) by enhancing market competitiveness and promoting sustainable management for the green future”, said an HMM official. “We will continue to drive and enhance its environmental, social and governance (ESG) management to achieve sustainable growth.”
Meanwhile, HMM is endeavouring to improve energy efficiency, building new green ships, and expanding a sustainable eco supply chain.
Since its founding in 2007, EcoVadis has grown to become the world’s largest and most trusted provider of business sustainability ratings, creating a global network of more than 130,000+ rated companies, as per a communique.
Source: Exim News Service: Seoul, May 7