HYOSUNG CHEMICAL

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  Recycling

  Under Hyosung’s Green Flagship brand strategy, the group focuses on circular economy and carbon neutrality based on the group’s overriding ESG strategy. It secures ESG technology leadership based on tangible technologies rather than conceptual values and visions, generating synergistic effects.

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  Upcycling

  Another pillar of Hyosung's circular economy is upcycling, which is our effort to generate more diversified demand by adding new functional values to plastic waste to increase its value. If we simply focus on recycling, demand will unavoidably depend upon the good intentions of the users. We can, however, create additional value, offer customers a reason to choose us, and eventually prolong the life cycle of plastics by providing new functionalities. Hyosung joins the efforts of its two affiliates, Hyosung TNC and Hyosung Chemical.

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  Carbon Neutrality

  All of Hyosung's affiliates reduce carbon emissions from not only manufacturing processes and products, but also various aspects of business operations, and they embrace a net-zero technology agenda. Carbon neutrality is an important agenda in business implementation and operation at all of Hyosung’s affiliates, from chemical firms such as Hyosung TNC and Hyosung Chemical to machine sectors such as Hyosung Heavy Industries and Hyosung Construction.

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  New Energy Infra

  Energy is an essential element of human economic activity. Without the source of energy for humanity's economic activities, civilization will collapse. Therefore, our aim is to develop a value chain including materials, parts, operational technologies, and the overall distribution system in order to boost the commercialization and efficiency of hydrogen and renewable energy over fossil fuels. These efforts are centered on Hyosung Heavy Industries, while Hyosung TNC also spare no effort to the commercialization of these new energy sources.

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  Reduction of Harmful Substances and Conservation of Resources

  It is best to prevent harmful factors before they take place. Furthermore, we should not waste our resources unless they are bare essentials. All Hyosung affiliates adhere to the philosophy of minimizing energy and resource consumption, as well as harmful factors, in all production and operation cycles, and strive to apply this philosophy at all stages of process and business design. In particular, our affiliates, including Hyosung Chemical, Hyosung TNC and Hyosung Heavy Industries (Construction), are fully aware that the most significant component in business design is the reduction of harmful factors and resource-saving.

• Awareness

  In the present day, many businesses are aware of the importance of ESG and accordingly practice its implementation. However, the process of converting such desires to the core of a business is quite challenging. Anyone can make simple efforts, declarations, and formal acts that are almost close to “greenwashing,” but putting ESG at the heart of the business requires more sophisticated technology and complex decision-making, such as more expensive or tricky processes, and additional design. ESG emanates from the awareness that “better deeds,” “better value incorporation,” and “acquisition of a more praised reputation” are not enough to prepare for the future our age and the coming generations will face, which is why Hyosung intends to put ESG at the heart of its business.

• Purpose

  Hyosung defines ESG as the dissemination of technology, efforts, and synergy focused on their “purposes.” Our ESG aims to organically merge technologies and efforts. Many businesses abroad highlight “corporate brand purpose” as the most essential factor in developing social relations, as “sincerity based on substantiality” is more important than “declaration” per se.

• RE:GEN

  Hyosung also hopes to promote Hyosung's ESG as a “reply to every generation” and to bring all internal and external stakeholders’ beliefs and motivations together behind better values.

RE:GEN GUARDIAN Activities and Expansion Plans

• Activities to protect ecosystems

  Company-wide and key affiliate ecosystem preservation activities, including biodiversity conservation

  • Company-wide

    "Online training on climate change and biodiversity”
    “One-company-one-river clean-up”

  • Hyosung Chemical

    “Plogging alongside the Hangang River near Mapo-gu”

  • Hyosung Chemical

    “Behavioral enrichment of animals”

• More specific and in-depth biodiversity
  protection activities including sea forests

  Deployed full-scale biodiversity and ecosystem restoration and conservation projects starting with the Sea Forest Management Project in 2022

  • Hyosung + Hyosung TNC + Hyosung Heavy Industries

    Sea Forest Management Project: Habitat conservation for threatened and endangered marine species
    Nov. 2022

  • Company-wide

    Sea Forest Restoration Project: Threatened & endangered marine species restoration project
    2023

  • Hyosung Heavy Industries

    Wetland conservation activities: Purification of wetlands and creation of rest areas
    (2023)

These activities go beyond a mere biodiversity program; they are discussed and stated in the Group's philosophy of “restoring and protecting the rights of all species and the ecosystem.” This is also why RE:GEN GUARDIAN has become such an important axis of RE:GEN activities. These activities go beyond a mere biodiversity program; they are discussed and stated in the Group's philosophy of “restoring and protecting the rights of all species and the ecosystem.” This is also why RE:GEN GUARDIAN has become such an important axis of RE:GEN activities. RE:GEN is more than just a name representing Hyosung's ESG but a pledge and action to guarantee that all present and future generations may enjoy their lives on a more sustainable environmental basis.