DUBAI, UAE, Oct. 22, 2024 /PRNewswire/ -- On the occasion of World Energy Day, Vici Energy is pleased to announce that it has become a member of the United Nations Global Compact (UNGC) and the UN Global Compact Network UAE, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
With this announcement, Vici Energy joins the largest corporate sustainability initiative in the world, with more than 20,000 companies and 3,800 non-business participants based in over 160 countries and more than 70 local networks, all committed to taking responsible business action to create a better world.
As part of its ongoing engagement with the United Nations Global Compact, Vici Energy will complete an annual Communication on Progress (COP) report, outlining its progress in supporting and upholding the ten principles of the UN Global Compact in the areas of human rights, labor, environment, and anti-corruption.
Participating in the initiative also reinforces Vici Energy's dedication to advancing the energy transition by making investments in renewable energy and innovative technologies to decrease emissions throughout the entire oil and gas industry supply chain. Through these efforts, Vici Energy aims to substantially reduce its environmental footprint while still meeting the increasing global demand for energy resources.
The energy industry plays a critical role in shaping the future of our planet, and Vici Energy is intent on advancing progress and prosperity in the communities it serves while also preserving the environment for a better and more sustainable tomorrow.
About Vici Energy
Vici Energy is a privately owned, integrated energy company committed to exploring, developing, and delivering renewable and conventional energy sources. Our goal is simple: to offer reliable, high-quality, and affordable energy. We prioritize emerging markets, using our local expertise to drive economic growth and create tangible value for our counterparts and the communities where we operate.
Vici Energy is a participant of the United Nations Global Compact and the UN Global Compact Network UAE, and adheres to their principles-based approach to responsible business.
For more information, please visit https://www.vicienergy.com/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Vici Energy joins the United Nations Global Compact
DELHI, India and SEOUL, South Korea, Oct. 22, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) Executive Chair Euisun Chung met with the Honorable Prime Minister of India, Shri. Narendra Modi. The two engaged in wide-ranging discussions on the future of mobility, with Executive Chair Chung underscoring the Group's priority of working closely with India thanks to the country's diverse market conditions and reformist approach.
Executive Chair Chung was in India to review the Group's mid- to long-term strategy and attended the Hyundai Motor India Limited (HMIL) Stock Exchange Listing Ceremony on October 22, 2024.
Held at the Honorable Prime Minister's office in Delhi, the meeting was also attended by Mr. Tarun Garg, COO - HMIL. They discussed the development of the Indian mobility industry and potential cooperation between India and Hyundai Motor Group.
Executive Chair Chung invited the Honorable Prime Minister to the opening of HMIL's plant in Pune, Maharashtra. Investment in this factory will be game-changing for HMIL, supported by the Government of India and Government of Maharashtra.
HMIL will continue to play a key role in the "Make in India" initiative, and as India marches toward its 'Viksit Bharat 2047' vision – a strategy for the country's development by the year 2047, coinciding with the 100th anniversary of India's independence – Hyundai will stand as a trusted partner on this meaningful journey.
Since entering the Indian market in 1996, Hyundai Motor Group has become one of the top mobility companies in the country, offering innovative products and making significant social contributions.
Executive Chair Chung expressed his respect for India's heritage and culture during the meeting. He said, "India's rich history and culture continue to inspire people worldwide. As India and Korea deepen economic collaboration, we can learn much from each other's cultures and strengthen the foundations of our cooperation."
He also thanked the Indian government for its continuing support of Hyundai Motor Group, discussed the significance of Hyundai Motor India's IPO, and outlined plans to build on the Group's success so far by establishing Hyundai Motor as India's most trusted mobility company.
"Hyundai Motor has successfully operated in India for over 26 years, becoming the second largest automobile manufacturer thanks to the Indian government's interest and the Indian people's support," said Executive Chair Chung, adding, "Now is the right time to further establish Hyundai as a 'Home Brand' and the 'Most Trusted Brand' in India."
Executive Chair Chung expressed his support for the adoption and growth of EVs in India, stating "We will continue our cooperation with the Indian government to establish an EV ecosystem through the release of EV models, construction of EV-charging networks, and localization of parts."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hyundai Motor Group Executive Chair Euisun Chung Meets with Indian PM Narendra Modi, Discusses EV Ecosystem, Innovation and Investment Plans
