Sampyo Cement Accelerates ESG Management

Expansion of Facility Investment to Strengthen 'Eco-friendly Competitiveness'
This Year, 26 Billion Won Invested in Environmental Improvement, Double Last Year... Additional 70 Billion Won to Be Invested Over the Next 5 Years

[Asia Economy Reporter Kim Jong-hwa] Sampyo Cement (CEO Moon Jong-gu) is accelerating its transition to an ESG (Environmental, Social, and Governance) management system. To support this, the board of directors is discussing adding business objectives related to ESG to the articles of incorporation and significantly increasing investment in eco-friendly facilities.

On the 19th, Sampyo Cement held a board meeting and decided to propose adding environmental-related items to the business objectives in the articles of incorporation at the regular shareholders' meeting next month. This aims to strengthen the ESG management system by expanding its eco-friendly portfolio.

To internalize ESG management, facility investments will also be greatly expanded. Sampyo Cement has set its investment amount for environmental improvement facilities at 26 billion KRW this year, more than double the amount from the previous year.

Additionally, over the next five years, the company plans to invest a total of 70 billion KRW in recycling resource processing facilities and waste heat power generation facilities. Through this, it intends to make every effort to build an eco-friendly image in the industry.

The recycling resource processing facility is a device that uses recycled resources such as waste plastic and waste vinyl instead of bituminous coal as fuel necessary for cement production. It can significantly reduce the use of bituminous coal, which is currently 100% imported, and contribute to reducing the nation's overall greenhouse gas emissions. Sampyo Cement plans to invest about 50 billion KRW in recycling resource processing facilities by 2025 to reduce fuel costs and improve the environment.

Supplementary and new investments are also being considered for the existing 19.7 MW-class waste heat power generation facility. The waste heat power generation facility recovers waste heat generated during the cement calcination process to produce electricity without carbon dioxide emissions, which can reduce electricity costs.

Sampyo Cement plans to capture both eco-friendliness and economic efficiency by expanding facility investments to accelerate the ESG management system. The company believes that expanding eco-friendly management will drive sustainable corporate growth and enhance corporate value. To this end, it will actively pursue the development of high value-added eco-friendly businesses such as renewable energy power generation.

A Sampyo Cement official said, "We will secure sustainable growth momentum through establishing an ESG management system," adding, "We will continue related investments and efforts to leap forward as an eco-friendly company."

This content was produced with the assistance of AI translation services.