Various stories brought to you by Hyosung Advanced Materials
A total of 81 articles have been added for reading.
Hyosung Advanced Materials strongly agrees with the purpose and activities of the ‘Business Integrity Society’, which was founded by the United Nations Global Compact Korea Association and the Korea Social Responsibility Investment Forum. Hyosung Advanced Materials participated in the pledge to create an anti-corrupt business environment."We will continue to strive to create a fair and transparent society and strengthen our corporate competitiveness based on ESG management." said Hwang Jungmo, CEO of Hyosung Advanced Materials. Hyosung Advanced Materials will continue to make efforts to strengthen our sustainability by actively fulfilling our responsibilities to our stakeholders.
Hyosung is supporting economic independence of 100 single mothers in Thang Binh District in Vietnam’s central province of Quang Nam.Hyosung said on March 18 that it held a ceremony to start the "Social Contribution Project to Support Vietnamese Single Mothers’ Self-reliance" in the conference room of the People's Committee of Thang Binh, where the Company’s Quang Nam unit is located. Hyosung, which works with the international relief organization ‘Food for the Hungry’ for the program, is contributing 100 million won to support economic Independence of single mothers in Vietnam.The project will benefit about 100 single mothers in the lowest- and second-lowest-income families in the Thang Binh District. The program, which will include education and facility support for poultry and pig farming, and delivery of livestock medical supplies, is expected to help the single mothers to secure sustainable income sources and develop self-reliance capacity.Hyosung prepared the social contribution project as a member of the local community. It is designed to help Hyosung play a proper role as a healthy member of the community by supporting the economic independence of low-income, single-mother families in the community. Hyosung has been actively undertaking social contribution programs in Vietnam, its largest overseas production base. As part of the programs, Hyosung has been dispatching overseas medical volunteer group "Misowonjeongdae" (smile expedition) to Dong Nai Province, near Ho Chi Minh City where its Vietnamese corporation is located.
Hyosung Advanced Materials delivered donations and rice to Young Nak Aenea’s Home, a residential facility for children with severe disabilities, which has been sponsored since 2012. The donation will be used to renovate aged facilities. The rice provided was purchased through a Seoul-based social enterprise (Hope Narami Social Cooperative) and contributed to the revitalization of the local economy.Although the meal service volunteer work that has been conducted face-to-face has been temporarily stopped due to the prolonged Covid-19, we were still able to convey our warm hearts to the children with disabilities through donation activities.
Hyosung Group has been participating in social contribution programs on the occasion of Seollal which are tailored for the underprivileged who are undergoing a hard time due to the COVID-19 pandemic. On Feb. 2, Hyosung donated 10 million won to the "2021 Tteokguk of Love Sharing" event organized by the Friends of Love charity. The "Tteokguk of Love" kits, prepared with donations from Hyosung and other donors, were to be delivered to families where children live only with grandparents, where there is a disabled member, where children live without parents or grandparents and where an elderly person lives alone. Hyosung has been supporting the “Sharing Tteokguk of Love” for 14 years since 2008.On Feb. 4, Hyosung held a ceremony for "Sharing Daily Necessities of Love" at the Ahyeon-dong Community Center in Mapo-gu, where the group's headquarters is located. Hyosung delivered tuna and ham sets to 400 vulnerable households in Ahyeon-dong.Under the vision of its social contribution programs -- "We Will Be Together by Sharing," Hyosung is carrying out diverse programs to help the local underprivileged people. It is providing regularly "Rice of Love" and "Kimjang Kimchi of Love" for the vulnerable in Mapo-gu. It is also supporting education of young students by donating fund to the Mapo Scholarship Foundation which supports youths in the underprivileged families.
Hyosung is engaging in a year-end charity activity for the Mapo-gu residents as a contribution to the community, which is suffering difficulties due to COVID-19. Hyosung held yet another "Sharing Essentials with Neighbor" event on December 29 at the community service center of Ahyeon-dong of Mapo-gu where the headquarters of the group are located. The company donated gift sets of canned tuna and ham to 200 disadvantaged households in Ahyeon-dong. Since 2015, Hyosung has been holding the "Sharing Essentials with Neighbor" event 4 times a year for the residents of Mapo-gu, and a total of 1,800 families have benefitted from the event for 6 years now.Also on the 18th and in time for Christmas, the company produced and delivered disinfection kits for the disabled youth and their families with the support of the Purme Foundation, which is also sponsored by the company. The kits, consisting of KF 94 face mask, health supplementary foods, rice, and hygiene goods so that the youth and their families can protect themselves in the COVID-19 era, were delivered in a contactless manner."This year has been massively difficult for many people due to COVID-19, and we believe these are the very times when a company should fulfill its social responsibility for the community. I'm sorry that this event had to be "contactless" to prevent COVID-19, but we do hope that our sincerity will be felt by the Mapo-gu people," a Hyosung representative said.
Hyosung Advanced Materials was awarded the best grade by Carbon Disclosure Project CDP), a world-famous institution, for its global efforts to cope with climate changes.The UK-based CDP awarded Hyosung Advanced Materials an A grade in the 2020 carbon management sector for running the global disclosure system for investors to cope with climate changes. The Company’s achievement of the best rating “A” in the first CDP evaluation is significant since it comes after the company’s switch to a holding company. An “A” rating is awarded only to a few businesses standing out among many in terms of activities for coping with climate changes, relevant risk management, and disclosure of information. A total of 9 Korean businesses made it to this year’s climate change “A” list out of 9,600-plus participating businesses and it means that they are in the top 3%.Hyosung Advanced Materials is believed to have achieved such honor due to its proactive activities for coping with climate changes. The Company strives for the reduction of greenhouse gases and minimization of their environmental impact through the establishment of a green management strategy, aiming to reduce greenhouse gases by 19.7% compared to 2017 by 2030.Hyosung Advanced Materials operates the Green Management Committee and the Risk Management Committee within its Sustainable Management Committee Governance System to fulfill its social responsibilities related to green management. It engages in activities designed for climate change-related risk management and improvement of the relevant status. Especially, it has made its major products go through the Carbon Footprint International certification since 2013 to disclose the environmental impact level in the production process as part of efforts to promote low-carbon management within its supply network. “We are carrying out positive activities for the reduction of carbon emissions, setting ‘Zero Emission’ as our basic target based on the mindset that the capability for coping with climate changes is essential in securing our future sustainability and global competitiveness. We will be a business that leads others in carbon reduction through the continued development of new materials,” said Company President Hwang Jeong-mo. CDP has secured its status as the most reliable indicator in the evaluation of the level of coping with climate changes, which is an area of sustainable management, along with the Dow Jones Sustainability World Index (DJSI World) and the FTSE4GOOD Index (a series of ethical investment stock market indices). Each year, CDP evaluates the level of disclosure of information on strategies and activities related to the three sectors, i.e., coping with climate changes, water resources, and forest resources, for businesses recommended by global financial investment institutions. Meanwhile, Hyosung Corporation acquired an “A”- grade, which is awarded by CDP to businesses playing a lead role in the climate change management process and activities. The Company has taken part in CDP since 2010. Its President heads the Environment, Health & Safety (EHS) Committee, which deals with matters concerning the formulation of strategies for green management in general including coping with climate changes, promotion of the relevant activities, and management of the relevant risks (conversion).