Hanssem Publishes Sustainability Management Report... "Strengthening Climate Change Response Capabilities"

Hanssem employees are reviewing the 2023 Sustainability Management Report.

Hanssem, a comprehensive home interior specialist, announced on the 31st that it has published the "2023 Hanssem Sustainability Management Report," which contains the current status, achievements, and future roadmap of its ESG (Environmental, Social, and Governance) management.

Since 2020, Hanssem has been strengthening its ESG management by publishing sustainability management reports for four consecutive years. In this sustainability management report, Hanssem expressed its commitment to enhancing its response to climate change. The company revealed its goal to complete its environmental management system by 2025 and achieve carbon neutrality (Net Zero) by 2050. Previously, Hanssem expanded its scope last year to include indirect greenhouse gas emissions from partners under "Scope 3" and joined the global nonprofit organization Carbon Disclosure Project (CDP).

This year, Hanssem also included the TCFD (Task Force on Climate-related Financial Disclosure) report in its sustainability management report. TCFD is a consultative body established in 2015 by the Bank for International Settlements (BIS) and the Financial Stability Board (FSB) at the request of the Group of Twenty (G20). It recommends that companies identify risks and opportunities related to climate change, develop strategies, and disclose quantified financial impacts in their reports. Hanssem is the first home interior company in Korea to declare support for TCFD and publicly release such a report.

Hanssem introduced a "double materiality assessment" this year to systematize its ESG management. The double materiality assessment is a process that selects ESG issues that a company should prioritize by considering both the impact of the company's ESG management on the environment and society and the impact of the environment and society on the company. Hanssem selected a total of 12 material issues, including ▲sustainability management strategy ▲carbon emission reduction ▲climate change response ▲community engagement ▲shared growth. Based on this, the company plans to strengthen its ESG management capabilities through active cooperation with related departments and internal and external stakeholders.

In the social sector, Hanssem focuses on human resource development, strengthening safety and health, and shared growth. In the second half of last year, Hanssem received the ISO45001 certification, which certifies that a company identifies and prevents risk factors related to accidents and injuries that may occur to employees at the workplace. Starting from the second half of this year, Hanssem plans to establish and distribute a "Supplier Code of Conduct" to its supply partners. Additionally, it added "disclosure of chemical-related information" as a key social issue by conducting chemical safety tests before launching new products and informing stakeholders about them.

In the governance sector, Hanssem plans to continue a transparent management system centered on seven subcommittees within the board of directors, including the ESG Committee and the Audit Committee. In 2022, Hanssem held 14 board meetings and deliberated and resolved a total of 44 agenda items. Furthermore, Hanssem intends to continuously improve governance through strengthening ethics programs and expanding information disclosure.

A Hanssem representative stated, "Hanssem will strive to become a company that proves ESG management in non-financial areas such as environmental and social contribution activities is not a 'cost' but an 'investment' that can lead to financial performance by linking it with financial results. All employees will do their best to leap forward as a 'transparent and respected company' with a sustainable growth system."

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