KIA has been named among the world’s most sustainable companies of 2024 by TIME magazine.
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 a methodology to assess sustainability.
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.
“Kia is honoured to be recognised in TIME’s ‘World’s Most Sustainable Companies of 2024’ list,” said Steven Center, COO and EVP of Kia America.
He said: “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.”
Kia’s sustainable mobility initiatives are guided by its comprehensive ‘Plan S’ strategy, representing 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.