Hanhil Cement Publishes Sustainable Management Report Featuring ESG Management

Detailed Disclosure of Greenhouse Gas Reduction Roadmap

Hanil Cement Sustainability Management Report.
Photo by Hanil Cement

[Asia Economy Reporter Kim Jong-hwa] Hanil Cement has published the "2021 Hanil Cement Sustainability Management Report," which contains the achievements of ESG (Environmental, Social, and Governance) activities up to last year and future directions.

Through the report, Hanil Cement presented five key ESG focus areas and detailed the activities, achievements, future goals, and strategies for each field. The ESG focus areas are ▲Climate Action ▲Health and Safety ▲Sustainable Innovation ▲Collaboration ▲Integrity.

Hanil Cement especially disclosed a detailed mid- to long-term greenhouse gas reduction roadmap in the report, as global interest in climate change is rising. In line with the national greenhouse gas reduction strategy, the company plans to reduce emissions by 30% by 2030 and 60% by 2050 based on 2018 greenhouse gas emission levels. It aims to achieve Net Zero by 2050 through research and implementation of CCUS (Carbon Capture, Utilization, and Storage) technologies. Specific strategies to achieve greenhouse gas reduction goals, such as expanding facilities for utilizing circular resources and introducing nitrogen oxide reduction facilities, can also be found in the report.

Having surpassed its 60th anniversary last year, Hanil Cement declared the ESG vision "Green Value for All" to continue sustainable growth and is reorganizing all management systems and activities to align with the ESG framework. In particular, at the beginning of this year, it launched the "ESG Committee," chaired by the CEO, and the "ESG Working Council," composed of related departments, which are regularly operated.

Jeon Geun-sik, CEO of Hanil Cement, stated, "With the publication of this sustainability management report, we will seek opportunities for sustainable development not only in financial figures but also in non-financial values such as ESG, and will continuously communicate with stakeholders to put this into practice."

The Hanil Cement Sustainability Management Report was prepared based on the core requirements of the global "GRI Standards," and reflects the guidelines of the Sustainability Accounting Standards Board (SASB) and the disclosure recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

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