Climate Change Data

HANSAE YES24 HOLDINGS

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:15,551 tCO2e/year (Hansae Business)
Scope 1 Emissions:2,639 tCO2e/year (Hansae Business)
Scope 2 Emissions:12,912 tCO2e/year (Hansae Business)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:251.13 TJ/year (Hansae Business)
Water Consumption:875,733 tons/year (Hansae Business)
Waste Generated:5,968 tons/year (Hansae Business)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Human Rights
  • Waste Management
  • Ethical and Legal Compliance
  • Workplace Safety
  • Diversity and Inclusion
  • Sustainable Products and Raw Materials
  • Risk Management

Environmental Achievements

  • Reduced carbon emissions by 2.5% from 2022 to 2023 (Hansae Business)
  • Reduced energy consumption by 10.5% from 2022 to 2023 (Hansae Business)
  • Reduced water consumption by 16.4% from 2022 to 2023 (Hansae Business)
  • Reduced waste by 3.5% from 2022 to 2023 (Hansae Business)
  • 23% of total energy use replaced with renewable energy in Nicaragua (Hansae Business)
  • 57% of total energy use replaced with renewable energy in Myanmar (Hansae Business)
  • 30% of Hansae M&K products to be made with eco-friendly materials by 2030
  • Installation of solar panels in Nicaragua and Myanmar factories (Hansae Business)

Social Achievements

  • Launched a work-life balance TF to improve policies and culture
  • 100% resolution rate for employee grievances (Hansae Business)
  • Established an industrial safety and health management system (Hansae Business)
  • Implemented various employee wellbeing initiatives (e.g., health programs, flexible work)
  • Increased employee training hours (Hansae Business)
  • Expanded diversity and inclusion initiatives, including increased hiring of disabled employees
  • Implemented a long-term dividend policy (Hansae Holdings and Hansae Business)
  • Improved stakeholder engagement through various channels (online/offline)

Governance Achievements

  • Established a Sustainability Management Committee within the board of directors
  • Strengthened corporate governance through improved transparency and decision-making processes
  • Implemented a system for stakeholder engagement and feedback incorporation
  • Improved dividend procedures to meet global standards
  • Implemented a system for identifying and managing risks
  • Established a code of conduct for employees and suppliers
  • Implemented a robust compliance system to monitor and address legal violations

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions by 2050 (Hansae Business)
Medium-term Goals:
  • Reduce greenhouse gas emissions by 25% by 2029 (Hansae Business)
  • Reduce waste by 3.5% by 2029 (Hansae Business)
  • Achieve 30% renewable energy by 2030 (Hansae M&K)
  • 30% of Hansae M&K products to be made with eco-friendly materials by 2030
Short-term Goals:
  • Achieve gender parity in domestic and overseas workplaces by 2025
  • Meet mandatory disability employment quotas in South Korea by 2025
  • Reduce water consumption by 20% by 2029 (Hansae Business)

Environmental Challenges

  • Geopolitical instability and natural disasters impacting business operations
  • Climate change risks (physical and transition risks)
  • Supply chain disruptions
  • Low birth rate in South Korea
  • Global competition in the fashion industry
  • ESG-related controversies or legal issues (e.g., compliance incidents)
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented climate change adaptation and mitigation strategies (e.g., renewable energy, REC purchase)
  • Established a work-life balance TF to address low birth rate challenges
  • Strengthened supply chain management through digital systems and supplier audits
  • Proactive risk management and compliance measures
  • Developed and implemented a code of conduct
  • Improved stakeholder engagement to address concerns

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements
  • Verification of cotton, yarn, and fabric origins

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: GRI Standards 2021, EU CSRD, UN SDGs, UN Global Compact

Certifications: OCS, RCS, FSC

Third-party Assurance: BSI

UN Sustainable Development Goals

  • Goal 3
  • Goal 4
  • Goal 5
  • Goal 6
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 12
  • Goal 13
  • Goal 16
  • Goal 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

  • Eco-friendly materials in clothing
  • Recycled materials in products

Awards & Recognition

  • 2023 K-ESG Management Award (Hansae Business)
  • 2023 Korean PR Association Award (Hansae Yes24 Holdings)