㈜농심

Climate Impact & Sustainability Data (2022-01 to 2022-12, 2023)

Reporting Period: 2022-01 to 2022-12

Environmental Metrics

Total Carbon Emissions:194,368 tCO2e/year

Scope 1 Emissions:88,477 tCO2e/year

Scope 2 Emissions:105,926 tCO2e/year

Renewable Energy Share:0.0006%

Total Energy Consumption:3,578 TJ/year

Water Consumption:1,883,236 tons/year

Waste Generated:21,593 tons/year

Carbon Intensity:0.1872 tCO2e/production ton (Scope 1); 0.2241 tCO2e/production ton (Scope 2) in 2022

ESG Focus Areas

Planet
People
Prosperity
Principles of Governance

Environmental Achievements

Reduced GHG emissions by 2,345 tCO2eq in 2022 through investment in high-efficiency facilities and renewable energy. Cumulative reduction of 6,472 tCO2eq from 2020.
Reduced amount of plastic packaging by 1,634 tons (target: 2,000 tons).
Improved recyclability of packaging materials (2.3% difficulty in ease of recycling, target: less than 2%).
Converted plastic straws in Capri Sun to paper materials, reducing plastic use by 30 tons per year.
Simplified Chochung U-Gua packaging film materials, making recycling easier.

Social Achievements

Launched comprehensive health functional food brand "Lifill".
Opened vegan restaurant "Forest Kitchen", selected as one of Seoul's top 100 restaurants.
Young Farmer Development Program supported 10 young farmers, purchasing 130 tons of potatoes.
Received the Best Grade in Shared Growth Index for 4 consecutive years.
Won the CCM Hall of Fame Award by Fair Trade Commission.

Governance Achievements

Launched ESG Committee in May 2022 to oversee ESG-related agendas.
Established a company-wide quality risk and opportunity management system.
Operates a compliance program to systematically identify and manage compliance risks.
Operates a whistle-blowing system to handle reports related to illegal activities.

Climate Goals & Targets

Long-term Goals:

Achieve Net-Zero emissions by 2050.

Medium-term Goals:

Reduce GHG emissions by 22.4% by 2030 compared to 2020.
Achieve less than 1% difficulty in ease of recycling by 2030.
Reduce plastic packaging material usage by 4,908 tons by 2030.

Short-term Goals:

Reduce plastic packaging material usage by 2,000 tons by 2023.
Reduce difficulty in ease of recycling to less than 2% by 2023.

Environmental Challenges

Climate change risks (physical risks: extreme weather; transition risks: rising carbon prices, new regulations; implementation risks: cost increase due to new technologies, changes in consumer behavior).
Supply chain disruptions due to soaring grain and energy prices.
Changes in consumer behavior (demand for low-fat, low-calorie, and high-protein foods).

Mitigation Strategies

Set 2030 GHG reduction target and plan to achieve Net-Zero by 2050.
Investing in high-efficiency facilities and renewable energy.
Developing and launching products that meet changing consumer needs (low-calorie, high-protein, vegan).
Optimizing procurement stage and applying an integrated procurement method.
Establishing an AI-based price prediction system and early warning system for supply and demand.

Supply Chain Management

Supplier Audits: 151 suppliers evaluated in 2022, 87 with on-site due diligence.

Responsible Procurement

Supplier Code of Conduct; comprehensive supplier evaluation (environmental hygiene, quality, ESG); ESG evaluations; support for suppliers’ value-up.

Climate-Related Risks & Opportunities

Physical Risks

Typhoons, floods, heavy snowfall

Transition Risks

Rising carbon prices, new regulations

Opportunities

Development of energy-efficient products, expansion of eco-friendly products, creating business opportunities for agricultural advancement.

Reporting Standards

Frameworks Used: GRI Standards 2021

Certifications: ISO 14001

Third-party Assurance: LRQA Korea

UN Sustainable Development Goals

Goal 1
Goal 2
Goal 3
Goal 4
Goal 5
Goal 6
Goal 7
Goal 8
Goal 9
Goal 10
Goal 11
Goal 12
Goal 13
Goal 15
Goal 16

Various initiatives contribute to these goals (details in the report).

Sustainable Products & Innovation

Lifill health functional foods, Veggie Garden vegan products, alternative meat products, sustainable packaging.

Awards & Recognition

Minister of Environment Award for the Best Workplace in GHG Total Management (Anyang Plant)
Good Company Award (Citizens’ Coalition for Economic Justice)
Prime Minister’s Commendation (reducing packaging materials)
Best honorary company for 4 consecutive years in the Shared Growth Index
1st in the instant noodle category of the National Customer Satisfaction Index (NCSI) for 10 consecutive years
Grand Prize in corporate and individual sector at the 2022 Korea's Most Admired Companies

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:197,608 tCO2eq/year

Scope 1 Emissions:90,620 tCO2eq/year

Scope 2 Emissions:107,023 tCO2eq/year

Renewable Energy Share:0.0044%

Total Energy Consumption:3,623 TJ/year

Water Consumption:497,471 tons/year

Waste Generated:22,589 tons/year