Korea Zinc Receives Top Grade for Greenhouse Gas Reduction Efforts
Korea Zinc announced on the 22nd that it recently received the highest grade of 'A' at the 'CDP SEA 2024'.
The Carbon Disclosure Project (CDP) is the world's only non-profit organization that operates a disclosure system to help companies and cities around the globe effectively manage their environmental impact. The Supplier Engagement Assessment (SEA) is a framework used by CDP to annually analyze and evaluate whether companies are properly implementing carbon reduction strategies within their supply chains. Only companies that receive the highest grade of A in the CDP SEA are allowed to disclose this on their official websites.
The CDP SEA evaluates companies across five categories: risk management systems, governance and management strategies, supplier engagement, Scope 3 verification, and target setting and management. Here, Scope 3 refers to all greenhouse gas emissions generated outside the operational boundaries of a business. Among the five categories, supplier engagement and Scope 3 carry the highest weight. Korea Zinc received consistently high scores across all categories.
Currently, Korea Zinc closely tracks and manages its greenhouse gas emissions and has also significantly reduced its waste generation. Last year, the company generated 657,016 tons of waste, successfully reducing it by 104,482 tons (13.7%) compared to the previous year. The waste recycling rate also exceeded 80%, demonstrating its status as the world's leading 'eco-friendly smelter.' Korea Zinc invested a record 55.8 billion won in environmental improvements last year.
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Approximately 23,000 companies worldwide are evaluated by the CDP SEA. Of these, only about 1,300 companies (around 6% of the total) received the highest grade of A. In addition to Korea Zinc, other major global companies that received an A grade in CDP SEA 2024 include Nike, Adidas, Pepsi, SoftBank, T Mobile, and General Motors (GM), among others.
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