Various stories brought to you by Hyosung Advanced Materials
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).
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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).
Hyosung donated a 1 billion won love-thy-neighbor fund to the Community Chest of Korea/The Fruit of Love Foundation in Jung-gu, Seoul on December 7.Donated jointly by Hyosung Corporation, Hyosung T&C, Hyosung Heavy Industries, Hyosung Advanced Materials, and Hyosung Chemical, the fund will be spent for the provision of support for women from less-privileged households trying to land jobs and for those striving to strengthen their self-reliance. “All of us had a difficult time in 2020 due to COVID-19. We hope that the little something we donate makes our less-privileged neighbors feel warm and have courage to improve their lives in the New Year,” Hyosung Chairman Cho Hyun-joon said, commenting on the matter. Meanwhile, Hyosung engages in a variety of social contribution activities under the slogan “We’ll share what we have with you.” In February this year, the Group donated 500 million won, along with medical supplies, as part of the campaign to cope with the situation caused by the pandemic through joint efforts. In August, the Group donated 300 million won to flood victims. The Group also provided financial support for the creative activities of the artists working at Jamsil Creation Studio, a place of creative works for disabled artists specializing in visual arts. Recently, the Group provided support for the production of online ecological education contents by the foundation People for Earth as part of social contribution efforts in environment-friendly sectors.
Hyosung donated 40 million won to the “2021 Warm Winter Contactless Fundraiser” hosted by the Mapo-gu Office on November 19. It was a donation for the underprivileged in Mapo-gu District, home to the headquarters of the Hyosung Group, as part of its efforts to fulfill its corporate social responsibilities to the local community. The donation is intended to help the disadvantaged in the district with their emergency living expenses, medical expenses, housing expenses, or education expenses. The “2021 Warm Winter Contactless Fundraiser” was broadcast live on the “my MAPO Mapo-gu” YouTube account. The annual event had been held offline for nine years before it was offered online this year due to the COVID-19 pandemic. “If you go alone, you can go fast; but if you go together, you can go far. Hyosung will always seek to grow together with its neighbors,” Hyosung Chairman Cho Hyun-joon said. Meanwhile, Hyosung is hosting the “Share Rice of Love” event and the “Share Kimchi with Neighbors” event on November 24 for low-income residents in Mapo-gu District in a contactless way. Every year since 2006, Hyosung employees have volunteered to deliver rice and kimchi to the needy personally. This year, the event is held in a non-face-to-face way due to the pandemic.
Hyosung was certified anew on 28th as an exemplary entity in ‘the provision of support for culture/arts at a ceremony’ hosted by the Ministry of Culture, Sports, and Tourism (MCST).This year marks the sixth anniversary of said certification following the enactment of the Act on the Revitalization of Support for Culture and Arts in January 2014. The certification is hosted by MCST and sponsored by the Arts Council Korea (ARTCO). ARTCO selects such exemplary entities through the evaluation of diversity, continuity, and operating system of mecenat (patronage) movement carried out by businesses. The certification is valid for three years. This year, 13 businesses including Hyosung were recertified.Hyosung has provided positive support for the culture/art sectors as part of its diverse social contribution activities, including its support for ‘Yoyoma & Silk Road Ensemble’ led by world-famous cellist Yoyoma, Onnuri Love Chambers -- an orchestra composed of young people with development disability -- and ‘Jamsil Creation Studio’ for disabled artists specializing in visual arts.“We wish to build a society where more people can access culture/arts more easily and share the joy of enjoying them with each other through continued support for them,” Hyosung Chairman Cho Hyun-joon said.
Jamsil Creation Studio, which receives financial support from Hyosung, is holding an exhibition “The Value Linked Together” at the Seoul History Museum at Seosomun Historical Park from Oct. 16 until Nov. 4. The said event will display the works created by artists working at Seoul Foundation for Arts and Culture and as part of a mentoring program for disabled children. Hyosung has provided financial support for creative activities of the artists working at Jamsil Creation Studio run by the Seoul Foundation for Arts and Culture and exhibition of their works over the past three years as part of the mecenat (patronage) movement. The Group has provided a total of KRW 200 millon (including 100 million won this year) to them. The number of the artists receiving the support comes to about thirty. Jamsil Creation Studio is a place of creative works for disabled artists specializing in visual arts. It is the only one of its kind in the country. Each year, it selects 12 disabled artists who need a space for making their creative works through open competition. It has identified a total of 130-plus artists. Hyosung official said, “We will continue to strive to foster environment for talented disabled artists. We hope what little help provided by us can energize the culture/art circles, which are having a hard time due to COVID-19.
HYOSUNG President Cho Hyun-sang said on October 8 that he has taken part in the ‘Flower Bucket Challenge’, a relay campaign designed to help horticultural households experiencing hardship due to COVID-19. Mr. Cho Hyun-sang took the relay baton from CEO Lee Tae-sung of Seah Holdings, purchased air-purifying plant pots from a horticultural farm in Seoul, and presented them together with KF-94 face masks for COVID-19 to 100-plus office-cleaning and facility management employees and security guards at the corporate buildings in Mapo/Banpo, Seoul."I’m glad to take part in the ‘do-good’ campaign designed to provide support for horticultural households currently experiencing hardship due to COVID-19. I hope what little support provided by us can go a long way in bringing happiness to these people who are working hard for the Company. I always appreciate these employees who are doing their best to protect the Company and other employees from the pandemic,” the HYOSUNG President said. He vowed to do what he could together with the employees to overcome the current difficult situation soon. Mr. Cho Hyun-sang, who heads the HYOSUNG Volunteer Service Corps, has engaged in a variety of social contribution activities. As an acquaintance of world-famous cellist Yo-Yo Ma, he has arranged a ‘Yo-Yo Ma & Silk Road Ensemble Teaching Class’ to be held in the country since 2009 to provide members of ‘Onnuri Love Chambers’, an orchestra composed of young people with development disability, with an opportunity to learn from Mr. Yo-Yo Ma. He, along with HYOSUNG employees, has also taken part in Good Samaritan activities for less-privileged people every year including such activities for ‘Young Nak Aenea's Home’ in Seoul. Meanwhile, he will be the first runner of the in-house relay campaign Thank you! Cheer Up! to be launched this month. The campaign seeks to express gratitude to team leaders of the Group’s affiliates for striving amid the unfavorable business situation.Mr. Cho Hyun-sang has handed over the relay baton of the Flower Bucket Challenge to Hyundai Motor Vice Chairman Chung Eui-sun, President Park Ji-hun of LEEHAN, and President Kim Dong-kwan of Hanwha Solutions.
