Kia has been named among the TIME Magazine’s ‘World’s Most Sustainable Companies of 2024.’
A statement by Omolade Akinyoade, Marketing Assistant Manager, Kia Nigeria, said that the TIME Magazine collected a roster of over 5,000 of the world’s largest and most influential companies, and then partnered with data firm Statista to develop methodology to assess sustainability.
The statement hinted that companies were measured on external sustainability ratings.
Key criteria included 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 step involved researching various environmental and social Key Performance Indicators (KPIs) from the companies’ Corporate Social Responsibility (CSR) reports, the statement said.
Speaking on the award, Steven Center, Executive Vice President, Kia America, said that the auto company was honoured to be recognised in TIME’s ‘World’s Most Sustainable Companies of 2024’ list.
Center explained that this accolade reflectedKia’s commitment to electrified vehicles, stressing that the company was driving towards a future where mobility was sustainable, efficient, and accessible to everyone.
He added: “This distinction from TIME motivates us to further accelerate our efforts in creating a sustainable future for all.”
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.
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