Climate Change Data

Samyang Packaging

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:135,941 tCO2e/year
Scope 1 Emissions:24,971 tCO2e/year
Scope 2 Emissions:110,970 tCO2e/year
Total Energy Consumption:2,871 TJ/year
Water Consumption:2,385,060 tons/year
Waste Generated:5,300.7 tons/year
Carbon Intensity:32.23 tCO2e/KRW 100 million

ESG Focus Areas

  • Environmental Management and Climate Change Response
  • Expansion of Investment in Green Businesses
  • Waste and Hazardous Chemical Management
  • Strengthening Safety and Health Prevention Activities
  • Flexible Organizational Culture and Work-life Balance
  • ESG Management System Advancement
  • Ethics and Compliance Management

Environmental Achievements

  • Reduced greenhouse gas emissions compared to targets by 7,499 tCO2e
  • Achieved energy savings of 215 TJ
  • Achieved a 99% waste recycling rate
  • Reduced waste generation by approximately 1,100 tons compared to three years earlier
  • Developed PET bottle production technology that reduced energy usage and GHG emissions by 20%

Social Achievements

  • Established a safety and health management policy
  • Received ISO 45001 certification (Safety and Health Management System)
  • Conducted an integrated workshop for Samyang Group’s safety and health manager
  • Established the Supplier Code of Conduct
  • Held the “99RUN” donation campaign

Governance Achievements

  • Established ESG Committees under the Boards of Directors
  • Conducted treasury share buyback to increase stockholder value
  • Established an ESG governance system, including the ESG Committee

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by 2050
Medium-term Goals:
  • Achieve net zero emissions by 2050
  • Expand the Korean market share of recycling business
  • Launch recycling business in global markets
Short-term Goals:
  • Reduce water usage
  • Reduce air pollutants
  • Reduce hazardous chemical substances
  • Increase waste recycling rates

Environmental Challenges

  • Unstable raw material prices
  • Increased market competition
  • Climate change risks (heatwaves, strong winds)
  • Resource depletion and waste
  • Growing social interest in corporate governance
Mitigation Strategies
  • Expanded the sixth aseptic line, enhancing corporate competitiveness
  • Accelerated the growth of Samyang EcoTech’s recycling operations
  • Implemented an Emergency Response Committee for climate events
  • Developed robust processes for climate-related risk management
  • Established an ESG governance system and risk management system

Supply Chain Management

Supplier Audits: 14 key suppliers (80% of total procurement value) completed ESG self-assessment questionnaires; ESG evaluations conducted for selected suppliers.

Responsible Procurement
  • Supplier Code of Conduct
  • ESG self-assessment questionnaires
  • ESG evaluations
  • On-site inspections

Climate-Related Risks & Opportunities

Physical Risks
  • Heatwaves
  • Strong winds
Transition Risks
  • Rising emission allowance prices
Opportunities
  • Securing carbon credits and reducing energy costs
  • Changes in consumption patterns and expansion of renewable energy use

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB, UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001, ISO 45001, FSSC 22000, HACCP

Third-party Assurance: Korean Standards Association (KSA)

Sustainable Products & Innovation

  • Lightweight PET containers
  • Label-free containers
  • Recycled PET (r-PET) chips
  • Energy-efficient PET bottles

Awards & Recognition

  • 8th Chosun Ilbo Environmental Award
  • 4th Seoul Environmental Award
  • National Assembly Environment and Labor Committee Chairman’s Award
  • Grand Prix of the Daejeon Metropolitan City Quality Circle Contest
  • Multiple awards at the 49th National Quality Management Convention