SG Becomes First Asphalt Concrete Company to Receive Official Carbon Emission Reduction Certification, Strengthening ESG Competitiveness

SG, a company specializing in asphalt concrete, announced on August 18 that it has become the first in the industry to complete the registration of a methodology and business plan based on the standards of the KCCI Carbon Standard (KCS, KCCI Carbon Standard) established by the Korea Chamber of Commerce and Industry.

SG plans to implement a greenhouse gas reduction project using "mechanical foaming (water injection) based warm mix asphalt (WMA) and steel slag mixing technology." According to the business plan, the project is expected to achieve approximately 52% reduction in greenhouse gas emissions. The company aims to secure carbon credits based on future monitoring results.

SG intends to donate the carbon emission reduction credits secured through the supply of Eco Steel Asphalt Concrete to local governments and overseas clients, thereby enhancing its business competitiveness. By presenting both environmental protection value and economic efficiency, the company plans to highlight its strengths in terms of environmental, social, and governance (ESG) factors. In addition, SG is also reviewing the potential for utilizing these credits in the Compulsory Carbon Market (CCM).

SG's flagship eco-friendly product, "Eco Steel Asphalt Concrete," utilizes steel slag, a byproduct generated during the steelmaking process. This low-carbon construction material prevents environmental damage caused by natural aggregate extraction and reduces greenhouse gas emissions.

Eco Steel Asphalt Concrete offers high strength and durability, providing additional benefits such as reducing road damage, noise during driving, and fine dust emissions. As a result, it enhances road safety while creating a more comfortable driving environment.

An SG official stated, "The approval of this methodology and business plan is the first official case in the asphalt concrete industry to prove the potential for carbon reduction," adding, "As a leading ESG company, we will realize both environmental responsibility and economic value in domestic and international markets."

The official continued, "With the carbon emission reduction certification for Eco Steel Asphalt Concrete, we expect the existing asphalt concrete market to rapidly transition to eco-friendly products, and the growth of SG's Eco Steel Asphalt Concrete will further accelerate."

The government is pursuing a 40% reduction in greenhouse gas emissions by 2030 compared to 2018 as part of its goal of achieving carbon neutrality by 2050. To this end, it is operating an emissions trading scheme and considering the introduction of a carbon tax. At last year's UN Climate Change Conference (COP29), the rules for the international carbon market under Article 6 of the Paris Agreement were finalized. Based on this, the foundation for private-sector participation in the voluntary carbon market (VCM) is expected to be strengthened.

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