Climate Change Data

SUHEUNG Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:53,023 tCO2e/year
Scope 1 Emissions:7,459 tCO2e/year
Scope 2 Emissions:28,631 tCO2e/year
Scope 3 Emissions:16,936 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:191,407 MWh/year
Water Consumption:297,586 tons/year
Waste Generated:3,184 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Enhancing Product Safety and Quality
  • Increasing Customer Satisfaction
  • Integrating Management of Financial and Non-Financial Risks
  • Responding to Climate Change and Reducing Carbon Emissions
  • Securing a foundation for safety and health and internalizing safety management
  • Strengthening management of environmental pollutants
  • Talent acquisition and employee capability enhancement
  • Enhancing supply chain sustainability
  • Reducing waste generation and expanding recycling
  • Building cooperative labor-management relations
  • Establishing a sound and transparent governance structure
  • R&D innovation and increasing profitability
  • Advancing ethics and compliance systems
  • Respect for human rights and diversity
  • Expanding social contribution
  • Conservation of biodiversity
  • Strengthening information security and personal information protection

Environmental Achievements

  • Achieved 100% of the 2023 energy consumption target
  • Total of 78 hours of environmental emergency drills
  • Total purchase amount of eco-friendly certified products: 740 KRW million
  • Monthly average of 2,304㎥ water recycling
  • Replaced 3 old boilers, Increased energy efficiency from 85% to 100%
  • Low-carbon boxes minimizing corrugated cardboard usage and recyclable craft tape for packaging are used

Social Achievements

  • 42.4% participation rate in flexible work arrangements
  • Zero human rights violations
  • Zero industrial accidents among employees
  • All parental leave takers returned to work and worked for more than 12 months

Governance Achievements

  • First publication of the corporate governance report
  • Established anti-corruption policy
  • Obtained ISO 37001 certification
  • Zero reports of ethical management violations
  • Zero information security violations

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve 3% reduction to 34,939 tCO2eq by 2025 (compared to 2022)
Short-term Goals:
  • Reduce water usage by 5% and increase water reuse by 5% by 2027 compared to 2022
  • Increase the waste recycling rate to 60% by 2027
  • Reduce the use of hazardous chemicals by 3% by 2025
  • Increase the female employee ratio to 25% by 2025
  • Reduce the industrial accident rate to 0.2% by 2027
  • Extend the mandatory human rights education time from 2 hours to 3 hours by 2025
  • Maintain zero human rights violations by 2025

Environmental Challenges

  • High inflation continued due to distribution network disruption and rising raw material prices
  • Economic downturn affected the health functional food industry, with costs rising while consumer sentiment declined
  • Global economic downturn continued due to reduced demand, high exchange rates, and a prolonged recession
  • Climate crisis can have unpredictable impacts, critically affecting business operations
Mitigation Strategies
  • Implemented the mid-to long-term ESG roadmap
  • SUHEUNG America plans to diversify its suppliers in the North American market
  • Focus on strengthening ESG management by expanding the roles of the ESG Committee and dedicated departments
  • Establish an ethical management system by enacting an anti-corruption policy
  • Reduce environmental pollutant emissions and energy consumption by improving business facilities
  • Integrates climate risks into company-wide risk management processes
  • Develop comprehensive emission reduction measures covering the entire supply chain

Supply Chain Management

Supplier Audits: 100% coverage

Responsible Procurement
  • Code of Conduct for Suppliers
  • ESG checklist for supplier evaluation
  • Regular ESG evaluations for suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Abnormal climate and natural disasters
Transition Risks
  • Carbon credit price increases
  • Operating cost increases due to environmental taxation
  • Investment costs related to replacement of low-carbon facilities
  • Development of reusable packaging materials
Opportunities
  • Development of energy-efficient products

Reporting Standards

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

Certifications: ISO 14001, ISO 45001, ISO 37001, ISO 9001, KGMP, cGMP, TGA, HACCP, FGMP, USP, NSF, HALAL, Kosher, VEGAN, VEGETARIAN, ORGANIC, EU-GMP, FSSC 22000, WHOPIRs, Non-GMO

Third-party Assurance: British Standards Institution (BSI)

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

SUHEUNG promotes goal-specific activities when establishing and implementing management strategies.

Sustainable Products & Innovation

  • Low Molecular Collagen Peptide SH
  • 'Lifening Beauty Collagen Ampoule'

Awards & Recognition

  • 2023 EcoVadis ‘Silver Medal’
  • IR52 Jang Young-sil Award