Climate Change Data

Samyang Holdings Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:831,615 tCO2e/year (Samyang Group Scope 1 & 2)
Scope 1 Emissions:582 tCO2e/year (Samyang Holdings)
Scope 2 Emissions:17,994 tCO2e/year (Samyang Holdings)
Scope 3 Emissions:218,163 tCO2e/year (Samyang Holdings)
Renewable Energy Share:Not disclosed
Total Energy Consumption:419 TJ/year (Samyang Holdings)
Water Consumption:101,564 tons/year (Samyang Holdings target)
Waste Generated:1,241 tons/year (Samyang Holdings Biopharm)
Carbon Intensity:5.79 tCO2e/100 million KRW (Samyang Holdings)

ESG Focus Areas

  • Environmental Management and Climate Change Response
  • Waste and Hazardous Chemical Management
  • Strengthened Safety and Health Prevention Activities
  • Product Safety and Quality Enhancement
  • Flexible Organizational Culture and Work-Life Balance
  • Corporate Governance
  • Ethics and Compliance Management

Environmental Achievements

  • Established a product life cycle assessment (LCA) system to calculate product-specific carbon emissions.
  • Obtained global eco-friendly certification for plastic materials recycled from discarded fishing nets.
  • Installed solar panels at seven business sites.
  • Calculated and verified Scope 3 emissions for Samyang Holdings and Samyang Corp. in 2023.

Social Achievements

  • Launched an employee assistance program (EAP).
  • Held a group safety and health officer workshop.
  • Established a supply chain ESG management system.
  • Conducted a '99RUN' donation campaign.

Governance Achievements

  • Established an ESG committee.
  • Operated ESG management council and task force.
  • Samyang Corp. joined the UN Global Compact (UNGC).

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050 (Samyang Group)
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Climate change risks (physical and transition risks)
  • Waste management challenges
  • Hazardous chemical management challenges
Mitigation Strategies
  • Developed a 2050 carbon neutrality roadmap.
  • Implemented 5 strategies for greenhouse gas emission reduction.
  • Strengthened waste management and recycling efforts.
  • Established a system for managing hazardous chemicals.

Supply Chain Management

Supplier Audits: 99 key suppliers (80% of total purchases) assessed through ESG self-diagnosis.

Responsible Procurement
  • Sustainable procurement policy
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Heat waves, strong winds
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB, UN SDGs

Certifications: ISO 14001

Third-party Assurance: Korea Standards Association

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Recycled plastic materials, bio-based isosorbide, sugar reduction products

Awards & Recognition

  • Various awards for quality management and environmental protection