Korea Shipbuilding & Offshore Engineering Leading Greenhouse Gas Reduction, Receives CDP Carbon Management Special Award

Greenhouse Gas Emissions 'Scope 3' Disclosure
First in Domestic Shipbuilding Industry

[Asia Economy Reporter Choi Seoyun] Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai Heavy Industries, has been recognized for its efforts to reduce greenhouse gas emissions.

Korea Shipbuilding & Offshore Engineering announced on the 12th that it recently received the 'Special Award for Carbon Management' at the '2022 Climate Change Response and Water Management Excellence Awards' hosted by the CDP Korea Committee.

CDP awards companies that actively respond to climate change and enhance sustainability. CDP is a global project that requests major companies to disclose environmental management information related to climate change, water security, biodiversity, etc., and publishes reports for reference by global financial investment institutions.

In its integrated report published last year, Korea Shipbuilding & Offshore Engineering became the first in the domestic shipbuilding industry to disclose greenhouse gas emissions Scope 3, striving to reduce greenhouse gases emitted throughout the entire shipbuilding value chain. Scope 3 includes all greenhouse gases generated at every stage from raw material procurement to ship operation and final disposal, in addition to direct and indirect greenhouse gases emitted during the shipbuilding process (Scope 1 and 2).

Additionally, Korea Shipbuilding & Offshore Engineering is focusing its capabilities on research and development of eco-friendly shipbuilding technologies such as ammonia-powered ships, carbon dioxide carriers, and hydrogen ships to reduce greenhouse gas emissions from product sales, while also strengthening supply chain partnerships to purchase low-carbon and carbon-free raw materials and equipment.

Furthermore, to achieve carbon neutrality (Net Zero), the company is working to improve energy efficiency of equipment and facilities at production sites and promote the use of renewable energy. At the same time, it is advancing the FOS project to transform into a smart shipyard by 2030 by integrating artificial intelligence (AI), big data, and ICT technologies, thereby building an eco-friendly and low-carbon shipyard.

Ryu Heejin, Executive Director in charge of HSE Strategy at Korea Shipbuilding & Offshore Engineering, stated, “The efforts to reduce greenhouse gases across the entire value chain that Korea Shipbuilding & Offshore Engineering has prepared so far are bearing fruit. We will realize a sustainable future for the ocean and humanity by establishing a new paradigm in the shipbuilding and offshore sector to respond to the climate crisis and preserve marine ecosystems.”

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