Climate Change Data

SUHEUNG Co., Ltd.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:514,716 tCO2e/year (2022)
Scope 1 Emissions:7,294 tCO2e/year (2022)
Scope 2 Emissions:28,714 tCO2e/year (2022)
Scope 3 Emissions:478,707.5 tCO2e/year (2022)
Renewable Energy Share:0.02% (2022)
Total Energy Consumption:193,539 MWh/year (2022)
Water Consumption:283,911 tons/year (2022)
Waste Generated:3,659.6 tons/year (2022)
Carbon Intensity:5.7 tCO2eq/KRW 100 million (2022)

ESG Focus Areas

  • Eco-friendly management
  • Healthy products
  • Shared growth society

Environmental Achievements

  • Obtained ISO 14001 (Environmental Management System) and ISO 45001 (Safety and Health Management System) certifications in 2022.
  • Installed solar panels, expanding renewable energy use.
  • Reached zero product recalls.
  • Reduced GHG emissions (Scope 1 & 2) by 7,531 tCO2eq compared to 2021.

Social Achievements

  • Reached zero workplace accidents and zero breaches of related laws.
  • Reached zero customer data leaks.
  • Maintained a higher female employment rate than the industry average.
  • Consistently met the legal standard for employing individuals with disabilities.

Governance Achievements

  • Established an ESG Committee in September 2022.
  • Reached zero reports received regarding ethical management.
  • Implemented a performance-based bonus for registered executives.

Climate Goals & Targets

Long-term Goals:
  • Collect and propagate about 500 species of native plants by 2028.
Medium-term Goals:
  • Reduce water consumption by 5% compared to 2022 by 2027.
  • Increase water recycling rate for industrial water use by 5% by 2027.
  • Reduce waste by 5% by 2027.
  • Increase waste recycling to 60% by 2027.
  • Reduce industrial accident rate to 0.2% by 2027.
Short-term Goals:
  • Reduce GHG emissions by 1% each year compared to the previous year, aiming for a total reduction of 34,939 tCO2eq by 2025.
  • Reduce hazardous chemicals by 3% by 2025.

Environmental Challenges

  • Rising global shipping rates, increasing interest rates, and intensifying cost pressures.
  • Supply chain disruptions.
  • Economic recession.
Mitigation Strategies
  • Focus on enhancing product competitiveness and developing customized medicines and health functional foods.
  • Expansion of global production hubs (Vietnam 2 Plant).
  • Development of individually certified raw materials.

Supply Chain Management

Supplier Audits: 100% (2022)

Responsible Procurement
  • Sustainable supply chain management policy.
  • Code of Conduct for Suppliers.
  • ESG checklist for supplier selection.
  • Regular ESG evaluations of suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Frequent natural disasters and abnormal weather events
Transition Risks
  • Rises in carbon credit prices and operating expenses stemming from environmental taxes.
  • Costs incurred by the replacement with low-carbon facilities and the introduction of eco-friendly raw materials and packaging materials.
Opportunities
  • Growing demand for health functional foods to boost physical strength and immunity.
  • New demand created by issues caused by environmental changes (virus and air pollution).

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB, TCFD, UN SDGs, UNGC, Responsible Care (RC)

Certifications: ISO 14001, ISO 45001, KGMP, cGMP, TGA, ISO 9001, HALAL, FSSC 22000, EU-GMP, Kosher

Third-party Assurance: BSI Group Korea

UN Sustainable Development Goals

  • Goal 1
  • Goal 3
  • Goal 5
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 10
  • Goal 12
  • Goal 13
  • Goal 15
  • Goal 16
  • Goal 17

Various activities aligned with UN SDGs are described on pages 73-74.

Sustainable Products & Innovation

  • Plant-based capsules (EMBO CAPS® VG-PRO, EMBO CAPS® AP, EMBO CAPS® VG ALPHA)
  • Vegantamin Multivitamin and mineral

Awards & Recognition

  • Numerous awards listed on page 76