Closed-loop Recycling

Closed-loop recycling policy

Hyosung Chemical employs a company-wide approach to closed-loop recycling as part of our efforts to preserve the earth's resources for coming generations. We contribute to building a sustainable circular economy and society by promoting the closed-loop recycling of waste. We maximize the efficient use of resources throughout the production, distribution, and consumption processes, and we establish and implement policies at each stage to contribute to the development of a circular economy and society by reducing waste generation.

Closed-loop recycling policy
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Eco-friendly waste reduction activities
for closed-loop recycling

01

Activities to reduce the use of raw materials and water resources

We reduce the amount of new purchases by optimizing the inventory and usage management of raw and auxiliary materials. We conserve water by minimizing unnecessary water use in the production process. Each year, we set water consumption targets for each water source, such as municipal water and industrial water, and work to reduce the amount relative to targets.
02

Products produced using recycled PP

Hyosung Chemical has acquired GRS certification for 30%, 50%, and 100% recycled PP. GRS certification is a certification that demonstrates the use of recycled raw materials in the production of PP goods. Utilizing recycled raw materials, we participate in international efforts to reduce resource consumption.
03

Purchasing eco-friendly products considering resource conservation

In consideration of resource conservation, Hyosung Chemical adheres to a green procurement policy and continues to engage in eco-friendly procurement.
04

Closed-loop recycling through waste treatment and recycling

In order to reduce waste generation and promote closed-loop recycling, Hyosung Chemical recycles defective film products produced at its business sites as raw materials.
05

Development of recycled products and technologies

Globally, companies that manufacture and use plastics are obligated to increase their environmental responsibility by, for example, expanding their scope of responsibility to include the stages of production, use, and disposal. Hyosung Chemical, recognizing the need for a preventive response, devised a plan to replace disposable plastic products with reusable PP containers through external consulting. We plan to invest KRW 500 million in a pilot project in 2022. We anticipate that the project will lead us to establish a business model for plastic recycling in the future and to make action accordingly.
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06

Donation to the first Hyosung Goodwill Store

Goodwill Store is a social enterprise that takes into account "people, businesses, and the environment." It operates approximately 2,800 stores in 15 countries, including the US and Canada, and provides over 200,000 jobs for persons with disabilities and vulnerable groups. Goodwill Store promotes a virtuous cycle of resources by employing the disadvantaged, contributing to economic independence, and using the proceeds from the sale of donated items to create jobs for persons with disabilities and provide vocational training and education. In October 2013, Hyosung opened the first Hyosung Goodwill Store in Eunpyeong-gu, Seoul, a first for a Korean company, and Goodwill Store donation boxes are installed at the Hyosung headquarters and each business site to forward employee donations to the Hyosung Goodwill Store.

Sustainable Procurement Policy

Hyosung Chemical endeavors to faithfully resolve economic, social, and environmental issues through close cooperation with not only our employees, but also our business partners and their employees, agencies and agents, and subcontractors (collectively, "partners"). We observe the following principles during procurement to minimize the negative impact of business activities.

We choose partners with the capability and dedication to prevent negative environmental impacts such as water pollution, soil pollution, and air pollution, and to respond to climate change.
We choose partners whose social responsibilities include working conditions that adhere to the International Labour Organization's labor standards, protection of diversity, protection of human rights, and ethical management.
We choose partners that prioritize the safety of both users and company employees.
To expand sustainable procurement, we continually seek out products that use fewer hazardous chemicals, generate less waste, and reduce resource consumption.
To conserve resources, we refrain from making unnecessary purchases so that there are as little remaining quantities as possible.
In addition to quality and cost, environmental properties of products are evaluated, with eco-friendly products given preference.
For the proper implementation of this policy, we share our procurement policy with our partners and encourage activities to improve the eco-friendliness of products supplied.

Green Procurement Policy

Hyosung Chemical adheres to the following procurement principles in order to fulfill its responsibilities to product users and society through green procurement activities that contribute to resource conservation and environmental impact reduction.

To conserve resources, we refrain from making unnecessary purchases so that there are as little remaining quantities as possible.
In addition to quality and cost, environmental properties of products are evaluated, with eco-friendly products given preference.
To expand green procurement, we continually seek out products that use fewer hazardous chemicals, generate less waste, and reduce resource consumption.
We share our green procurement policy with our partners and encourage activities to improve the eco-friendliness of products supplied.