Hyosung TNC Emerges as a Leader in Global ESG Evaluation

Kim Chi-hyung, CEO of Hyosung TNC. Photo by Hyosung TNC

Hyosung TNC has risen two levels from last year to achieve an 'AA rating' in the Morgan Stanley Capital International (MSCI) ESG evaluation, establishing itself as a global ESG management leader beyond Korea.

The MSCI ESG Ratings is a representative global ESG (Environmental, Social, Governance) evaluation index referenced by major global companies.

Since 1999, MSCI has annually assessed key ESG issues for publicly listed companies worldwide, assigning ratings across seven levels from the lowest 'CCC' to the highest 'AAA'.

Hyosung TNC earned a 'BB rating' in 2019 and 2020, a 'BBB rating' in 2021, and in last year's evaluation, it achieved an 'AA' rating, placing it in the highest leader group among global raw material chemical companies in the same industry.

In particular, it recorded top scores in four categories: ▲Carbon emission ▲Toxic emission & Waste ▲Water Stress ▲Chemical safety.

Kim Chi-hyung, CEO of Hyosung TNC, stated, "Hyosung TNC has been undertaking various activities to respond to climate change and achieve carbon neutrality," adding, "By realizing sustainable management in each ESG sector, we will establish ourselves as a world-class chemical company."

Hyosung TNC also received a comprehensive 'A rating' in the 2023 Korea ESG Standards Institute (KCGS) evaluation, maintaining an 'A rating' for three consecutive years. In the environmental sector, it improved by one level from the previous year to receive an 'A+ rating.' This recognition reflects the company's efforts in various ESG campaigns and its recycling and bio-fiber businesses.

Meanwhile, to practice sustainable management and strengthen mutual growth with partner companies, Hyosung TNC has been conducting the 'Regen Return' campaign for three years, collecting PET bottles from employees. PET bottle collection boxes have been installed at four domestic business sites (Seoul headquarters, Ulsan, Gumi, Daegu), and employees who bring PET bottles receive bags from domestic eco-friendly fashion startup brands that use Regen, Korea's representative recycled fiber.

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