Hyundai and One Tree Planted Advance Partnership to Plant an Additional 300,000 Trees Across North America

Rhea-AI Summary

Hyundai Motor North America has expanded its partnership with One Tree Planted to plant an additional 300,000 trees across the United States, Canada, and Mexico. This initiative brings the total number of trees planted through their collaboration to 650,000 since 2022. Hyundai employees participated in a planting event in Huntington Beach, California, where they planted 150 coastal native plants and cleared invasive species. This effort is part of Hyundai's broader 'IONIQ Forest' project, which began in South Korea with the release of the all-electric IONIQ series and aims to promote reforestation, biodiversity, and combat climate change.

Positive

• Hyundai and One Tree Planted will plant an additional 300,000 trees across North America.
• Total of 650,000 trees will be planted since the beginning of the partnership in 2022.
• Hyundai employees actively participated in tree planting events, enhancing community engagement.
• Initiative aligns with Hyundai's broader IONIQ Forest project aimed at promoting reforestation and combating climate change.
• Reforestation projects contribute to the UN's Sustainable Development Goals, aiding environmental and social impact.
• Hyundai Motor America contributes significantly to the U.S. economy, offering $20.1 billion annually and creating 190,000 jobs.

Negative

• No direct financial or stock performance data provided in the PR, making it difficult to assess immediate financial impact.
• The initiative, while positive for corporate social responsibility, does not directly address potential shareholder concerns such as profit margins, revenue growth, or market share.

• Hyundai and One Tree Planted will plant 300,000 trees in North America
• This year's contribution totals 650,000 trees planted from the partnership
• Hyundai employees participated in a tree planting event in Huntington Beach, California

FOUNTAIN VALLEY, Calif., June 11, 2024 /PRNewswire/ -- Hyundai Motor North America built upon its partnership with nonprofit organization, One Tree Planted, to plant an additional 300,000 trees throughout the United States, Canada, and Mexico. This year's contribution will result in a total of 650,000 trees planted since the start of the partnership in 2022. One Tree Planted works to restore forests across the globe, upkeeping the earth's habitat for biodiversity and creating a positive impact on society at large.

"At Hyundai, we have the unwavering belief that as an automaker we have to be more active when responding to climate change than companies in other industries. By transitioning to electrification, supporting a hydrogen economy, and helping create smart cities, we are helping society move closer to carbon neutrality. We have a responsibility to pass down breathable air, the beauty of nature, and a sustainable planet to future generations," said José Muñoz, president and global COO, Hyundai Motor Company and president and CEO of Hyundai Motor North America. "Our partnership with One Tree Planted is one of many initiatives that complements our sustainable mobility solutions."

To mark the continuation of the partnership, Hyundai employees volunteered at a planting event with One Tree Planted in Huntington Beach, California. Volunteers planted and watered approximately 150 coastal native plants and cleared the restoration area of invasive species.

"We appreciate Hyundai's dedication to reforestation, underscored by their commitment to plant another 300,000 trees this year, through their IONIQ Forest project," says Harry P. Lynch, president and CEO at One Tree Planted. "We are grateful for their support, which helps us fulfill our mission of global reforestation."

Hyundai's partnership with One Tree Planted coincides with a broader project from Hyundai Motor, called the 'IONIQ Forest.' Originating in South Korea with the release of Hyundai's all-electric IONIQ series, the IONIQ Forest is an ecological effort aimed at planting more trees to help pave the way for a cleaner world. Each tree planting project in the partnership joins the IONIQ Forest project to prioritize reforestation, preserve biodiversity, and combat climate change.

One Tree Planted
One Tree Planted is a 501(c)(3) nonprofit that is on a mission to make it simple for anyone to help the environment by planting trees. Their projects span the globe and are done in partnership with local communities and environmental organizations to create an impact for nature, people, and wildlife. Reforestation helps to restore forests that have been degraded or deforested, provide jobs for social impact, and restore biodiversity habitat. Many projects have overlapping objectives that contribute to the UN's Sustainable Development Goals. Learn more at onetreeplanted.org.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America (in development in Georgia), and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit www.hyundainews.com.

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SOURCE Hyundai Motor North America

FAQ

What is Hyundai's new tree planting initiative?

Hyundai has partnered with One Tree Planted to plant an additional 300,000 trees across North America in 2024.

How many trees has Hyundai planted in total?

Since the partnership's inception in 2022, Hyundai and One Tree Planted have planted 650,000 trees.

Where did Hyundai employees participate in tree planting?

Hyundai employees participated in a tree planting event in Huntington Beach, California.

What is the IONIQ Forest project?

The IONIQ Forest is an ecological initiative by Hyundai, originating in South Korea, aimed at promoting reforestation and combating climate change.

How does Hyundai's tree planting initiative contribute to sustainability?

The initiative helps restore degraded forests, preserve biodiversity, and combat climate change, aligning with the UN's Sustainable Development Goals.

What are the broader benefits of Hyundai's operations in the U.S.?

Hyundai's operations in the U.S. contribute $20.1 billion annually to the economy and create 190,000 jobs.