It is hard to breathe without a mask today. It looks like the end of the century is coming. Are we really fine as we are? If eco-friendly cars are on the road instead of diesel cars blamed for fine dust pollution, won’t we be able to breathe clean air? Hyundai Capital which offers the only finance product available exclusively for green cars in the country, has rolled out a finance product which offers car maintenance services and guarantees used car value for consumers who are reluctant to buy an electric or hydrogen car due to their prejudicial belief that its maintenance would be trickier. Hyundai Capital also joined the Jeju government’s green initiative to replace its postal service delivery vehicles with eco-friendly ones and provide small and medium businesses with two-seat EVs. It was Hyundai Capital which was the first private Korean company that issued ‘green bonds’. The proceeds from green bonds are allocated exclusively to finance projects with environment protection and new renewable energy-related objectives. Hyundai Capital raised 1.18 trillion won in green bonds. The amount of carbon dioxide emissions reduced by green bonds worth 300 billion won Hyundai Capital issued in April this year is estimated to reach 10,415 tons. But experts say the actual reduction in carbon dioxide emissions is bigger than the estimation. People wondered, “Isn’t it more like a social enterprise rather than a finance company now?” Hyundai Capital’s belief that a firm which spares no investment not only in business, but also in ‘something valuable’ serving as the foundation of society can be sustainable in the future. This was why Hyundai Capital cared about the environment. Hyundai Capital’s investment in running business transparently also started against this backdrop. Back in 2014, Hyundai Capital turned the accounting sector upside down. Because it announced, “We will pay three times more for accounting audit services.” Hyundai Capital believes that if it has an accounting firm scrutinize it, Hyundai Capital believes that if it has an accounting firm scrutinize it, though it may cost i t a lot, it would be able to reduce risk factors significantly. “Paying more for increased scrutiny over accounting audit is a must for a firm to boost credibility of customers as well as shareholders towards it.” -Ted Chung, Hyundai Capital Vice Chairman- Hyundai Capital which increased both audit fees and audit time is one of a handful of companies known for their accounting transparency best in the industry. ‘Remember, there is something much more important than what numbers can describe in the world.’ From putting more green cars on the road through financing, issuing green bonds to increasing audit fees. Behind Hyundai Capital’s recent moves, there lies this philosophy. It is necessary to have a clear and firm belief in life.
-Bertrand Russell Do you have beliefs that you live?