Environment
We strive to protect the environment for the future we envision.
Making our business activities eco-friendly is a mission we take seriously. We are dedicated to making continuous efforts in identifying and addressing elements that impact the environment to protect our planet and make life more abundant and convenient for mankind.
Environmentally
-Friendly
Business
Management
& Carbon
Reduction
Activities
We are resolute in our determination to practice environmentally-friendly business management and take part in the combat against climate change.
Environmentally-friendly business practices are becoming imperative and standard for business management. Furthermore, with the commitment to reduce carbon emissions getting stronger around the world, the scope of relevant regulations are widening. Against this backdrop, Samyang Corporation is establishing a vision for eco-friendly business management and detailed plans based on the analysis of the global environmental trends and carrying out eco-friendly business measures and carbon reduction activities by developing a roadmap for carbon neutrality.
Environmentally-Friendly Business Management
With environmental management highlighted as the key element of ESG, the pressure from domestic and overseas investment institutes and the global community on businesses to strengthen their environmental management capabilities and level up their efforts to combat climate change is continuously growing. Stepping up to do our part, Samyang Corporation aims to build a life of abundance for mankind while protecting the planet based on our vision of “Ingredients that add value to life,” and in the long term, become a specialty material producer mainly focusing on the areas of health & wellness and environmentally-friendly advanced materials.
Contribute to environmental preservation
-
Combat climate change
Reduce greenhouse gas emissions
by 20% by 2030
Carbon neutrality by 2050 -
Achieve circular economy
Enhance circular economy
management system
Stronger alignment of marketing
with circular economy principles
Environmentally-Friendly Business Management Policy
Samyang Corporation aims to preserve the clean and beautiful environment of nature and create a healthy and abundant life for mankind by continuously making improvements to elements that impact the environment.
We diligently follow environment-related domestic laws, company-related requirements, and our own environmental regulations.
We develop and make continuous improvements to clean technology and process with the aim to prevent pollution.
We carry out activities aimed at reducing resource and energy consumption to preserve natural resource, reduce waste, and increase recycling.
We perform environmental accident prevention activities to minimize potential environmental impacts during our processes, such as leakage or fire.
We practice rigorous management of environmentally-harmful substances and equipment to reduce environmental pollution.
We provide training for all our employees and subcontractors to raise awareness of the importance of environmental accident prevention and environmental protection.
Environmentally-Conscious Procurement of Raw Materials
-
Green Purchasing
We comply with environment-related laws and apply low-carbon and eco-friendly green purchasing measures that consider environmental factors from the early purchasing phase. -
Sustainable Palm Oil
We are an official member of the Roundtable on Sustainable Palm Oil (RSPO), an organization that handles issues related to environmental destruction and human rights of labor in the regions where palm oil is produced. We purchase palm oil that is produced in compliance with the lawful procedures. -
Sustainable Management Purchasing
We recognize our social, environmental and economical responsibilities and practice our sustainable business management policy.
Eco-friendly Product Development
Samyang Corporation’s Cosmetic Business Division carried out a renewal of its cosmetic brand, ABOUT ME, to reflect its new concept of “Clean Beauty,” which means cosmetic products that consider the environmental impacts during production and usage. ABOUT ME’s products are designed to deliver environmentally-friendly values. They use non-bleached biodegradable sugar cane paper and paper approved by the Forest Stewardship Council (FSC) as the packaging material and soy ink for printing to minimize the impact on the environment. They also have labels that are easy to remove to facilitate separated disposal and use eco-friendly subsidiary materials.
Management of Greenhouse Gas and Air Pollution
Major countries around the world, including Korea, pledged to reach carbon neutrality (net zero) by 2050 and announced their mid and long-term carbon emission reduction targets in accordance with the agreement made by the international community. As a responsible member of the global society, Samyang Corporation established a mid and long-term roadmap to achieve net zero by 2050 with the aim to take active part in addressing the climate change issue, the biggest challenge that the world is facing, and become a sustainable company.
Roadmap for Net Zero by 2050
-
Reduce 20%
(2030) -
Reduce 50%
(2040) -
Reduce 100%
(2050)
-
Shift to renewable energy
-
Active carbon emission reduction activities
-
Improve energy efficiency
-
Develop eco-friendly products
Statistics on GHG Emissions
(Unit: tCO2eq)
* Figures are based on the comprehensive national GHG management system, and the sum of each emission source is the sum of values rounded down, which may have resulted in slight differences.
Statistics on Air Pollutant Emission
(Unit : Ton)
* Aggregated data from Ulsan Plants 1, 2, Incheon Plants 1, 2, Jeonju EP, Asan, and Headquarters (Jongno), selected from among 10 business sites
Climate Change Response Activities
We take measures to identify and manage risks and opportunities brought by climate change. Our primary objective is to select and manage risks and opportunities that can have the most serious financial impact on our company. Our system is designed to enable a swift response and fast business recovery by forming an emergency response committee when a physical danger occurs due to serious climate events, such as heat wave and strong wind. In addition, each worksite is insured against risks with special coverage for natural disasters that include compensation of recovery costs and damages.
Physical Climate Change Risk Response System
Management of
Waste & Hazardous
Chemical
Substances
We minimize the impact on the environment
and implement measures to comply with
relevant laws.
With the dramatically increasing demand for the circulation of waste resource and diversified and strengthened laws related to the use and handling of chemical substances, the expectation towards companies to better manage waste and hazardous chemical substances is getting higher. Against this backdrop, Samyang Corporation is making the utmost effort to minimize environmental impact through the safe handling of waste, strictly separated disposal, and waste reduction. We also have measures in place to ensure our compliance with the laws related to chemical substances.
Waste Management
-
Waste Treatment Process
We manage all waste created by the activities of our plants in an efficient way. To minimize the amount of waste and environmental impact, we established a waste management procedure for each worksite to mange waste effectively. -
Waste Reduction Activities
We are committed to the fundamental reduction of waste by recycling and reusing waste created throughout the operation of our worksites.
Statistics on Volume of Waste Generated
(Unit : Ton)
Management of Hazardous Chemical Substances
-
Chemical Substance Management Procedure
We established a hazardous chemical substance management procedure for each worksite and handle chemical substances (storage, transportation, etc.) accordingly to manage the environmental risks posed by hazardous chemical substances. -
Compliance with Chemical Substance Regulations
We publish the Material Safety Data Sheet (MSDS), which is an important document that discloses the company’s product information, in accordance with the relevant law.
Energy
Management
We fulfill the demands of our community by
carrying out proactive energy reduction activities.
There is growing demand for businesses to manage energy efficiently and utilize renewable energy to substitute conventional resources, such as oil and coal, in order to mitigate climate change. Samyang Corporation is fulfilling the demands of the community by carrying out proactive energy reduction activities across its worksites and reviewing the use of renewable energy.
Energy Management System
Samyang Corporation strategically manages the energy status of each worksite. Our independently-developed greenhouse gas management system enables us to manage data on our energy target and consumption. Based on this data, we carry out proactive energy reduction measures by setting the annual energy reduction target for each plant and implementing policies customized to the characteristics of each worksite.
Managing Energy Usage
(Unit: TJ)
Water Resource
Management
We address the global water issues through continuous management of water resources.
None of Samyang Corporation’s worksites use water sourced from regions with serious levels of water stress. As our primary business areas of food and chemicals have high levels of water consumption, we recognize the importance of effective water resource management and operate our business based on stringent in-house environmental management standards. We also take preemptive measures to comply with government regulations and mitigate water-related risks.
-
Water Usage and Recycling
We acknowledge the seriousness of the global water issues and make continuous efforts to reduce wastewater discharge and water consumption. -
Wastewater and Water Pollution Management
To minimize the discharge of pollutants and adhere to the legally-allowed discharge limits, we operate using an in-house standard that is stricter than the legal level.
Statistics on Water Usage
(Unit: Ton)
* Out of our 10 work sites, data was collected from Ulsan 1 & 2, Incheon 1 & 2, Jeonju EP and Asan Plants, and headquarters (Jongno).
Statistics on Water Pollutant Discharge
(Unit: Ton)
* Out of our 10 work sites, data was collected from Ulsan 1 & 2, Incheon 1 & 2, Jeonju EP and Asan Plants, and headquarters (Jongno).
