[ESG Management Era] Establishment of ESG Committee... Accelerating Environmental Management Leading the Carbon Zero Era

Hanwha Solar Forest Site No. 8 Development Site

Hanwha Group recently established a new ESG (Environmental, Social, and Governance) Committee. It is responsible for assisting and advising the group’s affiliates on ESG management by developing strategic tasks for each business sector, providing education to facilitate information sharing, and more. Hanwha Group Chairman Kim Seung-yeon emphasized in this year’s New Year's address that "indicators like ESG have long been core management principles for global companies," and stressed that "as a global leader in the renewable energy sector, we must actively respond to climate change and accelerate environmental management to lead the carbon-zero era."

In the same context, the group acquired gas turbine companies in the United States and the Netherlands last March, securing hydrogen co-firing power generation technology for the first time in Korea. Earlier, in December last year, Hanwha acquired a U.S. software company, gaining capabilities to analyze users’ strategic consumption pattern data using artificial intelligence (AI). At the P4G Green Future Summit held last month, Hanwha Solutions CEO Kim Dong-kwan stated in his keynote speech, "With the belief that small developments can bring about big changes, we will respond to global climate change."

In the ESG ratings for listed companies announced by the Korea Corporate Governance Service in October last year, four out of six Hanwha Group listed companies received an A grade. Hanwha Corporation, Hanwha Solutions, Hanwha Aerospace, and Hanwha Life were recognized for having appropriate governance, environmental, and sustainable management systems, and for having minimal risk of shareholder value damage due to non-financial risks. Hanwha Corporation established its ESG Committee within the board of directors, the highest decision-making body under the law, rather than as an internal organization, with more than half of the committee members being outside directors. An ESG consultative body, consisting of key team leaders, serves as a working organization to support operations. Hanwha Solutions and Hanwha Life also increased accountability by establishing ESG committees within their boards of directors.

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