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Sustainability Overview

Transparent disclose of our continuous sustainability activities supported by a systematic operating system.

Sustainability Overview

In accordance with the demand and expectation from various stakeholders, HAMC is trying to evolve into a sustainable company fulfilling its economic, social, and environmental responsibilities. As part of these efforts, we have established a systematic sustainability management operating system, including a decision-making body in which the CEO and top management participates directly. Key issues in economic, social, and environmental aspects were derived in consideration of opinions of various stakeholders such as customers, employees, and suppliers, global sustainability management initiatives, and corporate management activities. Responses and performances for each issue are transparently disclosed through the Sustainability Report.

Philosophy & Principles

HAMC strives to carry out its economic, social, and environmental responsibilities by establishing a CSE (Creating Social Eco-system) that can solve social issues and enhance the sustainability of mankind through close cooperation between businesses and civil society.

CSE Creating Social Eco-system
CSE Creating Social Eco-system
Customers
Employees
Community
Investors
Business Partners
Company
  • Zero Fatality
    Provide solutions that enable user safety and comfort

    Mobility-related casualties that occur everyday despite techonolgical advancements

  • Zero Emission
    Products and technology that contribute to reducing GHGs emisions

    Climate change risks that threaten the survival of mankind and animals

  • Zero Waste
    Sustainable use of resources that protect the ecosystem

    The ever-increasing waste and resource depletion issues

  • Zero Impact
    Responsible management that have no negative impact to stakeholers

    Changes in percention of ESG - pollution, use of harmful sustances, etc.

Various issues that can affect our sustainability are collected and grouped into categories such as products, customers, talent management, local communities, and the environment for materiality analysis. We select our focus issues upon evaluation of the internal and external issues based on business impact and stakeholder interest. Our Sustainability Report is prepared to fully examine and communicate our activities on these focus issues. HAMC recognizes that the transparent disclosure of sustainability management activities and their performance is an important factor in fulfilling our economic, social and environmental responsibilities. The company's plans and performances including the strategic direction of the sustainability are reviewed by the Sustainability Steering Committee.

지속가능경영 식별 및 현항 분석, 지속가능경영 분석 및 평가, 지속가능경영 중대성 평가
Sustainability Management Analysis and Valuation
Reported Issues UN SDGs Linkage
Focus Issues &
Business Cases
  • Supply Chain Sustainablity
  • HR Management & Development
  • Response to Climate Change
  • Health & Safety
  • Chemical Substances Management
  • Customer Satisfaction & Product Responsibility
  • Eco-friendly Products & Technology
3. good health and well-being 4. quality education 5. gender equality 6. clean water and sanitation 7. affordable and clean energy 8. decent work and economic growth 9. industry, innovation and infrastructure 10. responsible consumption and production 12. responsible consumption and production 13. climate action 15. life on land
Sustainability Management
  • Governance
  • Risk Management
  • Ethical Management
  • Human Rights Management
  • Social Contribution
  • Green Management
  • Information Security
1. no poverty 3. good health and well-being 4. quality education 5. gender equality 8. decent work and economic growth 9. industry, innovation and infrastructure 10. reduced inequalities 12. responsible consumption and production 13. climate action 16. peace, justice and strong institutions 17. partnerahips for the goals

Sustainability Steering Committee

Sustainability Steering Committee

HAMC operates the Sustainability Steering Committee(SSC) composed of the company's top management to systematically and continuously encourage and ensure that sustainability is a consideration for employees‘ daily work. Sustainability activities and performance are regularly reported to the top management through this committee. As the decision-making body for sustainability, the SSC discusses and decides major issues upon voting. The SSC also discusses and decides the direction of the company's future sustainability management based on the current industry situation and trends, which are shared with the sub-committees so that activities to derive actual change takes place.

Chairperson : CEO
  • Presidents of all Business Units
  • Head of Vietnam Operations
  • Head of China Operations
  • Head of Europe Operations
  • Chief Strategy Officer
  • Chief Finance
    Officer
  • Chief Administration Officer

Specialized Sub-committees

The Sustainability Management Secretariat (previously the Sustainability Management Response TFT) and the four specialized sub-committees take lead in HAMC’s sustainability activities on a corporate-wide level including overseas subsidiaries. The specialized sub-committees were established to ensure the planning and execution of sustainability management activities for each field. The sub-committees regularly review and monitor the activities, and major issues are reported to the SSC for review and guidance, and decision-making. The CEO appoints each committee’s chairperson who is top management-level executive (i.e. C-level). And each committee is composed of members who are executives in charge of each sector. Together, they discuss and carefully review the agenda items for each committee sector upon their expertise. The Sustainability Management Secretariat(SMS) serves as the secretary for each committee, and organizes the regular meetings held twice a year during which members check the progress of implementation goals as well as discuss solutions to the issues. For effective work undertaking and improvements, the specialized sub-committees have designated working-level employees who are usually team leaders to plan and execute the improvement tasks.

Sustainability Steering Committee (SSC)
Sustainability Management Secretariat
Green Management Committee Chairperson :
Chief Technology Officer/Chief Production Officer
Review and resolution of green management-related agenda such response to climate change, reducing environmental impacts and ecofriendly activities.
SHE Committee Chairperson :
Chief Safety Officer
Review and resolution of health and safety issues including employees and subcontractors. Risk management of accidents, natural disasters, and process-related accidents, etc.
Social Contribution Committee Chairperson :
Chief Administration Officer
Review and resolution of social-related agenda such as HR management, ethical management, audit, information security and purchasing.
SCM Committee Chairperson :
Chief Procurement Officer
Review and resolution of supply chain management -related agenda such as supplier code of conduct, supplier evaluation and audit, supplier engagement activities.
Stakeholder
Committee Chairperson :
Chief Finance Officer
Review and resolution of agenda related to communication with internal and external stakeholders such as investors, shareholders, customers, and local communities
Risk Management Committee Chairperson :
Chief Strategy Officer
For business continuity, risk management in the overall management of the company, including environment, supply chain, purchasing, ethics, finance, and reputation, and deliberation on related issues

Sustainability Management Secretariat

The Sustainability Management Secretariat(SMS) assists in raising employee awareness of sustainability management activities and promoting improvement activities. The SMS members serve as stewards for the sub-committees. They review the planning of improvement activities in each field so that the direction and feedback discussed by top management and sub-committee members are properly reflected in the activities of each committee. In particular, they share both the domestic and global trends of sustainable management, manage and monitor the implementation of improvement tasks, and provide assistance to ensure that task are completed.

2021 Sustainability Steering Committee
2021 Sustainability Steering Committee (2021.7.9)

Key Agendas for Sustainability Steering Committee & its Sub-committe (2022 1st Half)

Key Agendas for Sustainability Steering Committee & its Sub-committe (2022 1st Half)
Committee Name Key Agendas Participated Members
Sustainability Steering Committee
  1. Voting for the establishment of two new Sub-committees
  2. Report on the major activities and improvements for sustainability in the first half of 2022, and plan for the second of 2022
  3. Progress report on GHG emissions inventory setting for SBT and voting for management plans
  4. Report on GHG excess/shortage at Korean sites by secnario anaylsis as per the revised NDC in 2021
  5. Appointment of new member of the SSC and its Sub-Committees
 9 out of 12 members
Green Management Committee
  1. Report on GHG emissions calcuations for setting the SBT and management plan
  2. Report on GHG excess/shortage at Korean sites by secnario anaylsis as per the revised NDC in 2021
  3. Progress report on the improvement status for green management indicators
  4. Report on the calculation status of GHG emissions by products and voting for fostering maintenance/management manpower
 9 out of 11 members
Social Contribution Committee
  1. Voting for the renewal of Human Rights Policy
  2. Voting for the renewal of Code of Ethics
  3. Prgress report on global key sustainable improvement tasks in 2022
 7 out of 12 members
Stakeholder Committee
  1. Report on plan of sustainable publications in 2022
  2. Report on 2022 CSR plan and measurement results of social value creation in 2022
 3 out of 3 members
Risk Management Committee
  1. Report on risks related the Directive of the European Parliament and of the Council on Corporate Sustainability Due Diligence and amending Directive(EU)
  2. Report on the risks and need to reinformce management of biodiversity risks
  3. Report on risks related ISSB disclosure (in relation to climate change)
 3 out of 3 members
SCM Committee
  1. Report on the Directive of the European Parliament and of the Council on Corporate Sustainability Due Diligence and amending Directive(EU) and impact on supply chain mangement
  2. Vorting for establishing a global supply chain management strategy
  3. Voting for the renewal of sustainable procurement policy and sustainable environment-friendly purchase guidelines
  4. Report on management and response results of major suppliers and voting for improvement tasks
 8 out of 10 members
  • Key Agendas for Sustainability Steering Committee & its Sub-committee (2021 2nd Half)펼치기
    Key Agendas for Sustainability Steering Committee & its Sub-committee (2021 2nd Half)
    Committee Name Key Agendas Participated Members
    Sustainability Steering Committee
    1. Report on major activities and performances of sustainability in 2021 and major
    2. Voting for SBTi participation and action plan
    3. Report on the improvement plan for green management indicators
    4. Voting for raising the "2030 GHG reduction Target"
    5. Appointment of new members of Green Management and Social Contribution Committees
    		 10 out of 10 members
    Green Management Committee
    1. Report on climate change risk and SBTi participation plan
    2. Voting for the improvement plan for green management indicators
    3. Report on raising the "2030 GHG reduction Target"
    4. Report on performance compared to 2021 environment invest plan and voting for
    		 13 out of 13 members
    Social Contribution Committee
    1. Report on ESG evaluation results in 2021 and voting for improvement tasks in 2022
    2. Report on the improvement to risk management in the human rights sector in 2022
    3. Report on the improvement to risk management in the supply chain sector in 2022
    4. Report on the improvement to sustainable management education in 2022
    5. Report on ISO37301 (Compliance Management System) certification
    		 11 out of 13 members
    Stakeholder Committee
    1. Report on plan of sustainable publications such as sustainability report and climate
    2. Report on 2022 CSR plan and measurement of social value creation
    3. Voting for disclosure the fair trade compliance program
    4. Report on improvement of the stakeholder engagement principle
    		 3 out of 3 members
    Risk Management Committee
    1. Report on risk management system improvement
    2. Report on the main contents of COP26 and related risks
    3. Report on risks and countermeasures following the introduction of the government
    4. Report on expected changes and risks following the establishment of the
    		 3 out of 3 members
  • Key Agendas for Sustainability Steering Committee & its Sub-committee (2021 1st Half) 펼치기
    Key Agendas for Sustainability Steering Committee
    & its Sub-committee (2021 1st Half)
    Committee Name Key Agendas Participated Members
    Sustainability Steering Committee
    1. Report on the major activities and improvements for sustainabilitiy in the first half of 2021
    2. Voting for major KPI establishments
    3. Report on the setting of the Science-based Target (SBT)
    4. Voting for acquisition of carbon labeling on major products
    5. Appointment of new members of the SSC and its sub-committee
    		 10 out of 10 members
    Green Management Committee
    1. Report on the 2nd planning period results and 3rd planning period plan for carbon emissions
    2. Voting for SBT settings
    3. Report of the global environmental &safety inspection results
    		 12 out of 13 members
    Social Contribution Committee
    1. Progress report on major sustainabilty improvement projects of overseas subsidaries in 2021
          2. 1-1. Report on the Establishment of sustainable procurement policy and its declarations of compnay-wide announcement
          1-2. Report on the ESG-related provisions in supplier contracts
          1-3. Report on the establishment of the sensitive transaction process
    2. Voting for the resolution to strengthen supplier re-evaluation items in 2021
    3. Report of global human rights impact assessment results and voting for annual assessment
    		 12 out of 13 members
    Stakeholder Committee
    1. Report on the scheduled to publish 2020 Hyosung Advanced Materials' Sustainability Report
    2. Report on the results of CSR activities in 2020 and the first half of 2021
    		 3 out of 3 members
    Risk Management Committee
    1. Report on the risk-related status by ESG areas
    2. Report on the mandatory ESG disclosure for listed firms in Korea
    		 3 out of 3 members
  • Key Agendas for Sustainability Steering Committee & its Sub-committee (2020 2nd Half) 펼치기
    Key Agendas for Sustainability Steering Committee & its Sub-committee (2020 2nd Half)
    Committee Name Key Agendas Participated Members
    Sustainability Steering Committee
    1. Report on major activities and performances of sustainability in 2020
    2. Appointment of new members of the sustainability Committee and its Sub-Committees
    		 10 out of 10 members
    Green Management Committee
    1. Report on performance compared to 2020 environment & safety invest plan and voting for the 2021 plan
    2. Report on results of environment and safety inspection at the workplace
    3. Voting for the “2030 GHG reduction Target”
    4. Report on the necessity of strengthening responses to Climate Change
    		 12 out of 13 members
    Social Contribution Committee
    1. Report on the results of improvement by social sector in 2020
    2. Voting for 3rd of Code of ethics
    3. Report on the improvement plans for ethics, human right, environment and etc..(including overseas)
    		 11 out of 13 members
    Stakeholder Committee
    1. Report on sustainability report
    2. Report on results of improvement by Governance sector in 2020
    3. Report on 2021 CSR plan
    		 3 out of 3 members
    Risk Management Committee
    1. Report on COVID-19 response
    2. Report on latest trends in response to Climate Change
    		 3 out of 3 members
  • Key Agendas for Sustainability Steering Committee & its Sub-committee (2020 1st Half) 펼치기
    Key Agendas for Sustainability Steering Committee & its Sub-committee (2020 1st Half)
    Committee Name Key Agendas Participated Members
    Sustainability Steering Committee
    1. Status reporting of Sustainability improvement tasks
    2. Voting for selecting Focus Issues of the Sustainability Report 2019
    		 10 out of 10 members
    Green Management Committee
    1. Voting of the “Green Management Vision 2030”
    2. Voting on establishing the new green management system
    3. Report on the environmental and safety monitoring results for all sites
    		 8 out of 9 members
    Social Contribution Committee
    1. Report on education reinforcement to enhance employee competence
    2. Process improvement to reinforce supply chain (suppliers & partners) sustainability
    3. Revision and update of the “Employee handbook for fair transaction and compliance
    		 10 out of 10 members
    Stakeholder Committee
    1. Voting for the CSR operational system and strategy
    2. Report on the website renewal plan
    3. Report on the issuance of 2019 Governance Report
    		 3 out of 3 members
    Risk Management Committee
    1. Report on COVID-19 response
    2. Report and voting regarding preparation for the prolongation of COVID-19
    		 3 out of 3 members

Sustainability Achievements

Key Sustainability Achievements
of Hyosung Advanced Materials Corp. (Domestic)

Hyosung Advanced Materials Corp. was established on June 1, 2018, so the achievements are released starting 2018

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Key Sustainability Achievements of Hyosung Advanced Materials Corp. (Korea only)
Area Achievements Unit 2020 2019 2018
Environment Green Investment & Performance Eco-friendly products & services sales Mil. KRW 91,336 64,577 55,087
Eco-friendly products & services purchases Mil. KRW 735 1,127 537
Waste and Emissions disposal cost / Environmental Restoration Costs Mil. KRW 1,121 1,132 624
Investment for environmental activities Mil. KRW 850 776 765
Water Consumption
(by source)		 Total water consumption Tons 3,738,471 4,531,972 3,721,566
Waterworks Tons 11,006 19,719 14,294
Groundwater Tons 0 0 0
Industrial water Tons 3,727,465 4,512,523 3,707,272
Stream water Tons 0 0 0
Amount of recycled water Tons 804,228 2,442,607 1,287,800
Wastewater & Water Treatment Wastewater discharge Tons 1,044,753 895,712 783,869
Biological Oxygen Demand(BOD) Tons 1,200 1,062 1,024
Chemical Oxygen Demand(COD) Tons 7,048 9,409 10,737
Suspended Solids (SS) Tons 1,501 1,569 1,270
Total Nitrogen(T-N) Tons 4 7,513 9,304
Total Phosphorus(T-P) Tons 105 76 167
Waste General Waste Sub-total Tons 5,109 5,410 3,376
Waste Processing Tons 0 0 0
Waste Consignment Processing Recycled Tons 4,227 4,500 2,891
Incinerated Tons 728 849 458
Landfill Tons 154 67 27
Others Tons 0 0 0
Designated Waste Sub-total Tons 934 570 501
Waste Processing Tons 0 0 0
Waste Consignment Processing Recycled Tons 880 515 486
Incinerated Tons 49 51 13
Landfill Tons 5 1 0
Others Tons 0 3 2
Air Pollution Nitrogen oxides (NOx) Tons 100 41 44
Sulfur oxides(SOx) Tons 0 13 2
Particle matter (PM) Tons 40 16 20
Hazardous Chemicals Hazardous chemicals usage Tons 16,688 12,353 12,202
Social Talent Management 1) Total training expenses 2) Thousand
KRW		 473,972 832,815 318,075
Total training hours Hours 32,463 41,372 38,708
Average training hours per person 2)
(Total training hours / No. of employees)		 Hours 32 40 39
Number of training participants Persons 17,895 14,896 10,429
Environment Persons 1,477 465 352
Ethics and non-corruption Persons 805 95 65
Fair trade & transaction 3) Persons 912 23
Health & safety Persons 6,991 3,674 1,027
Human rights Persons 2,769 2,355 2,284
Management philosophy Persons 996 556 223
Sustainability Persons 16 0 0
Health & Safety Employee accident rate
(No. of casualties / No. of employees X 100)		 % 1.1 2.5 1.6
Labor Union Labor union membership rate % 75.8 76.2 87.1
CSR Number of beneficiaries Persons 32,811 311 Recorded from ’19

1) Training time and number of participants increase in ’20 due to the addition of new courses in environment, ethics, human rights, safety as well as the expansion in education targets.
2) ’18 only covers the period after the incorporation on June 1 2018 (7 months, June ~ December 2018).
3) Ethics, Corruption, Fair trade & transaction were carried out under one course “Ethical management” in 2018, and therefore can not be separately reported.

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