Hanwha Ocean to Build 100% Low- and Zero-Carbon Fuel-Powered Ships by 2030

Establishment of 'ESG 2030 Goals'
40% Reduction in Greenhouse Gas Emissions by 2030

Hanwha Ocean has established industry-leading goals for ESG (Environmental, Social, and Governance) management.

Hanwha Ocean announced on the 22nd that the ESG Committee within the Board of Directors approved the 'ESG 2030 Goals (ESG HOST 2030).' Five key targets were selected: greenhouse gas reduction, transition to eco-friendly ships, prevention of safety accidents, ESG evaluation of the supply chain, and compliance and ethical management practices.

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In response to climate change, Hanwha Ocean aims to reduce greenhouse gas emissions by 40% by 2030 compared to 2018 levels. This target is not only the highest in the industry but also aligns with the Nationally Determined Contribution (NDC) reported by the government to the UN. Additionally, the company plans to build 100% eco-friendly ships powered by low-carbon and zero-carbon fuels by 2030 and to expand its range of eco-friendly marine products.

Prioritizing worker safety, Hanwha Ocean has set a goal of zero major accidents. The lost time injury frequency rate, defined as the number of lost-time injuries per 200,000 working hours, is planned to be reduced by 32% from current levels. The company intends to create the safest working environment in the industry by introducing smart safety systems and enhancing employees' safety awareness through safety experience centers and VR training.

Hanwha Ocean plans to improve supply chain risk management to build a sustainable ecosystem. ESG evaluations will be applied to domestic supply partners, enabling efficient compliance with the EU’s upcoming supply chain due diligence law starting next year.

To establish sound governance, Hanwha Ocean will pursue international certifications (ISO 37301 for compliance management, ISO 37001 for anti-corruption management). The company will also strengthen anti-corruption reporting and protection and conduct ongoing ethics training.

A Hanwha Ocean representative stated, "We will further strengthen our position as a future-leading company," adding, "We plan to raise the industry standard for sustainable management and enhance our indicators in line with changes in the management environment."

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