HYOSUNG CHEMICAL

The TCFD is an authoritative global framework supported by over 3,400 government agencies, financial institutions, and corporations from 95 countries. Supporting the TCFD and its recommendations means that a company recognizes the TCFD's recommendations as a useful framework for enhancing the transparency of climate-related risks and opportunities in financial markets, and is actively working to implement them.
A public declaration of support for TCFD can demonstrate a company's commitment to action to construct a more resilient financial system through climate-related disclosures. In the current era of rising climate finance, this can enhance brand image and company value.

In 2022, Hyosung Chemical declared to be one of the TCFD supporters, thereby enhancing the company's ability to respond to climate change-related risks and opportunities.

The CDP is an international non-profit organization whose mission is to make environmental reporting and risk management the standard for businesses and to promote disclosure, insight, and action in the direction of a sustainable economy. It supports businesses so that they may disclose their greenhouse gas (GHG) emissions, the risks and opportunities associated with climate change, and their carbon management strategies.

Since 2021, Hyosung Chemical has been transparently disclosing our corporate strategies and operations by submitting reports to the CDP and posting them on our website.

In 2024, Hyosung Chemical's efforts to respond to climate change were widely publicized by sponsoring the CDP Korea Committee, which is carrying out a global CDP project in Korea, and cooperating in the preparation of the CDP Korea Report.