Climate Change Data

Taihan Cable & Solution Co., Ltd.

Climate Impact & Sustainability Data (2021, 2022-2023, 2023)

Reporting Period: 2021

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022-2023

Environmental Metrics

Total Carbon Emissions:39,039 tCO2e/year (2022)
Scope 1 Emissions:111 tCO2e/year (2022)
Scope 2 Emissions:23,223 tCO2e/year (2022)
Total Energy Consumption:17,987 TOE/year (2022)
Water Consumption:131,530 tons/year (2022)
Waste Generated:2,815 tons/year (2022)

ESG Focus Areas

  • Environment
  • Social Responsibility
  • Governance

Environmental Achievements

  • Reduced Scope 1 emissions from 0.109 tCO2eq/MT in 2021 to 0.103 tCO2eq/MT in 2022
  • Reduced Scope 2 emissions from 0.163 tCO2eq/MT in 2021 to 0.130 tCO2eq/MT in 2022
  • Increased water reuse from 18% in 2021 to 24% in 2022
  • Reduced waste generation from 0.0261 tons/MT in 2021 to 0.0205 tons/MT in 2022
  • Increased recycling rate of waste from 69% in 2021 to 70% in 2022
  • Developed and introduced eco-friendly products, resulting in 2.5% of total sales in 2022

Social Achievements

  • Achieved zero industrial accidents in 2022
  • Improved safety suggestion improvement rate from 40% in 2021 to 50% in 2022
  • Maintained a 48% union membership rate among employees
  • Conducted various employee training programs, with 147 employees participating in online training in 2022
  • Expanded social contribution activities, including environmental cleanup campaigns and community support programs

Governance Achievements

  • Established an ESG committee
  • Strengthened the independence of the internal audit department
  • Improved ESG rating to A in 2022 from A in 2021 (KCGS)

Climate Goals & Targets

Long-term Goals:
  • Become a top eco-friendly company in Korea
Medium-term Goals:
  • Achieve zero industrial accidents
  • Expand social contribution activities
Short-term Goals:
  • Reduce Scope 1 and 2 emissions
  • Increase water reuse rate
  • Reduce waste generation

Environmental Challenges

  • Supply chain disruptions
  • Global economic uncertainty
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented cost-cutting measures
  • Strengthened ESG management to ensure long-term sustainability

Supply Chain Management

Responsible Procurement
  • Green purchasing policy
  • Code of conduct for suppliers

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Eco-friendly polypropylene-based power cables
  • Eco-friendly epoxy and electronic modified spacer

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:42,746 tCO2eq/year (2023)
Scope 1 Emissions:16,250 tCO2eq/year (2023)
Scope 2 Emissions:26,496 tCO2eq/year (2023)
Water Consumption:154,306 tons/year (2023)
Waste Generated:4,136 tons/year (2023)

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions (Specific figures not provided, but a roadmap to achieve Net Zero emissions by 2050 is mentioned, including a 46% reduction target by 2031 and over 30% reduction across the value chain by 2031.)
  • Over 90% of water used at production sites is recycled.
  • Developed eco-friendly PP cables and obtained environmental label certifications for two items.
  • Installed a 1.2MW solar power facility at Dangjin Plant in 2023.

Social Achievements

  • Obtained Family-Friendly Business Certification in 2017.
  • Maintained a strike-free status for 33 years.
  • Engaged in various community outreach activities (e.g., environmental storybook making project, Junior Electricity Class, support for Bisan Social Welfare Center).
  • Conducted a blood donation campaign with over 200 employees participating.

Governance Achievements

  • Established an ESG Committee under the Board of Directors.
  • Achieved an integrated “A” rating in ESG evaluation for the third consecutive year (2023).
  • Established a Compliance Program (CP) in 2021.
  • Selected as an outstanding company (A rating) in the 2023 Fair Trade Voluntary Compliance Program (CP) evaluation.

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero carbon emissions by 2050.
Medium-term Goals:
  • Reduce carbon emissions by more than 30% by 2031 across the entire value chain.
  • Develop a 154kV transmission PP cable utilizing eco-friendly non-crosslinking insulation technology.
Short-term Goals:
  • Reduce direct and indirect carbon emissions by 46% by 2031.

Environmental Challenges

  • Reducing carbon emissions across the entire value chain.
  • Maintaining high recycling rates of waste materials.
  • Improving the employment ratio of women and people with disabilities.
Mitigation Strategies
  • Implementing a Net Zero 2050 roadmap with specific reduction targets.
  • Collaborating with the Korea Cable Recycling Cooperative and other cable companies to support recycling companies.
  • Implementing preferential hiring processes for women and fostering a friendly work environment for individuals with disabilities.

Supply Chain Management

Responsible Procurement
  • Green Procurement plans (2021)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, GHG Protocol

Certifications: ISO 9001, ISO 45001

Sustainable Products & Innovation

  • Eco-friendly PP cables

Awards & Recognition

  • Minister of Trade, Industry and Energy Award (2022)