Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Climate Change Response
• Eco-friendly Product Development
• Biodiversity Conservation
• Governance

Environmental Achievements

• Reduced power consumption by 16% in air compressor multi-control system at Ulsan Plant.
• Zero violations of environmental laws and regulations.
• Obtained ISO 14001 certification at multiple domestic and overseas plants.
• Developed and commercialized recycled PC/ABS, bamboo fiber composite resin, and recycled PA6.
• Won the Minister of Industry Award in 2023 for natural fiber insert injection door trim.

Social Achievements

• Not disclosed

Governance Achievements

• Established ESG Committee under the Board of Directors.
• Implemented a systematic ESG management system with regular reporting and monitoring.

Climate Goals & Targets

Environmental Challenges

• Transition risks related to climate change policies, regulations, and market shifts.
• Physical risks from natural disasters and abnormal weather.
• Managing Scope 3 emissions throughout the supply chain.

Mitigation Strategies

• Established a four-step risk management process for climate change.
• Developed strategies to reduce GHG emissions, including purchasing electric vehicles and considering on-site renewable energy.
• Implementing Life Cycle Assessment (LCA) for core products.
• Collaborating with suppliers to manage Scope 3 emissions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Collaboration with partners for joint research and development of eco-friendly materials.
• Requesting information on ingredients of parts used in vehicles through email requests to suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Typhoons, floods, heavy snow, forest fires
• Abnormal weather disrupting operations and quality

Transition Risks

• GHG emission disclosure regulations
• Carbon border taxes
• Increasing stakeholder demands

Opportunities

• Expansion of eco-friendly/new technology parts market

Reporting Standards

Frameworks Used: GRI, TCFD, ISO 14064-1:2018

Certifications: ISO 14001, EPD (Environmental Product Declaration)

Third-party Assurance: DNV Business Assurance Korea Ltd.

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Recycled PC/ABS
• Bamboo fiber composite resin
• Recycled PA6
• Natural fiber insert injection door trim

Awards & Recognition

• Minister of Industry Award (2023)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced power consumption by 16% at Ulsan Plant through air compressor multi-control system.
• Developed and mass-produced natural fiber insert injection door trim, winning the Minister of Industry Award at the 2023 Korea Tech Show.
• Achieved zero violations of environmental laws and regulations.

Social Achievements

• Established a Human Rights Management Policy.
• Implemented various employee welfare benefit systems and training programs.
• Enhanced sustainability across the supply chain by distributing Supplier Code of Conduct and creating a supply chain ESG assessment system.
• Won two awards at the 49th National Quality Management Convention.

Governance Achievements

• Established the ESG Committee under the Board of Directors.
• Launched the online Seoyon E-Hwa Dividend Inquiry Service.
• Implemented a company-wide integrated risk management system.

Climate Goals & Targets

Environmental Challenges

• Climate change (transition and physical risks)
• Supply chain disruptions
• ESG integration within the supply chain

Mitigation Strategies

• Established a phased roadmap to achieve carbon neutrality by 2050.
• Developed an ESG risk assessment strategy for suppliers.
• Provided ESG-related consulting and requested improvements from suppliers.
• Implemented various support measures for mutual growth with suppliers.

Supply Chain Management

Supplier Audits: 25 key tier 1 suppliers assessed in 2024

Responsible Procurement

• Supplier Code of Conduct
• ESG risk assessment strategy
• Quality Level-up program
• Conflict Minerals (Responsible Minerals) Policy

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (typhoon/flood/heavy snow/forest fire)
• Abnormal weather (business disruption, quality deterioration, safety accidents)

Transition Risks

• Disclosure of GHG emissions
• Expansion of emissions trading laws system and rise in prices
• Tightening EU carbon border tax regulations
• Increasing stakeholder (customer) demands and strengthening supply chain evaluation

Opportunities

• Expansion of the eco-friendly/new technology parts market and increase in demand
• Improvement of energy efficiency in business sites

Reporting Standards

Frameworks Used: GRI (Core option), UN SDGs, SASB, TCFD, WEF, ISSB

Certifications: ISO 14001, ISO 45001, IATF 16949

Third-party Assurance: BSI

Sustainable Products & Innovation

• Natural fiber insert injection door trim
• Recycled PC/ABS and bamboo fiber composite resin
• Recycled PA6

Awards & Recognition

• 2023 iF Design Award
• 2023 Supplier Of The Year at Hyundai Motor Group
• 2023 Minister of Industry Award at the Korea Tech Show
• 2023 Red Dot Design Award
• 2022 Supplier Of The Year at Hyundai Motor Group
• 2022 IP-R&D Excellent Institution Selection
• 2022 Hong Dae-yong Award
• 2022 Good Design Korea Award
• 2022 Korea Commission for Corporate Partnership Award
• 2023 Presidential Gold and Silver Awards at the 49th National Quality Management Convention
• 2023 Top prize at the '2nd Best Practice Contest for Ergonomic Work Improvement'