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Kia has been honored as one of TIME Magazine’s World’s Most Sustainable Companies of 2024. This prestigious recognition highlights Kia’s commitment to sustainability and its innovative approach to future mobility.
Key Highlights:
- Recognition by TIME Magazine: Kia named among the world’s most sustainable companies in 2024.
- Evaluation Criteria: Assessment based on adherence to the UN Global Compact, Science Based Targets initiative, inclusion in the S&P Global Sustainability Yearbook, participation in the UNFCCC Race to Zero, and MSCI ESG & SRI evaluations.
- “Plan S” Strategy: Kia’s strategy focuses heavily on electrification, aiming for an EV lineup of 15 models globally by 2027, including the recently revealed EV3.
- Corporate Commitment: The accolade reflects Kia’s dedication to creating sustainable, efficient, and accessible mobility solutions.
“Kia is honored to be recognized in TIME’s ‘World’s Most Sustainable Companies of 2024’ list,” said Steven Center, COO & EVP, Kia America. “This accolade reflects Kia’s commitment to electrified vehicles. Kia is driving towards a future where mobility is sustainable, efficient, and accessible to everyone. This distinction from TIME motivates us to further accelerate our efforts in creating a sustainable future for all.”
TIME Magazine compiled a list of over 5,000 of the world’s largest and most influential companies and partnered with data firm Statista to develop a methodology for assessing sustainability. Companies were measured on external sustainability ratings, with key criteria including adherence to the UN Global Compact, alignment with the Science Based Targets initiative, inclusion in the S&P Global Sustainability Yearbook, participation in the UNFCCC Race to Zero, and MSCI ESG & SRI evaluations. The final assessment involved researching various environmental and social Key Performance Indicators (KPIs) from the companies’ Corporate Social Responsibility (CSR) reports.
Kia’s sustainable mobility initiatives are guided by its comprehensive “Plan S” strategy. “Plan S” represents a bold shift for Kia, heavily focusing on electrification. Kia expects to build an EV lineup of 15 models globally by 2027, including the recently revealed EV3.
Kia America, headquartered in Irvine, California, continues to top automotive quality surveys and was recognized as one of the TIME100 Most Influential Companies of 2023. Serving as the “Official Automotive Partner” of the NBA, Kia offers a range of gasoline, hybrid, plug-in hybrid, and electric vehicles sold through a network of over 775 dealers in the U.S., including several cars and SUVs proudly assembled in America.
See TIME’s full list here: time.com/collection/worlds-most-sustainable-companies-2024
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