Hanwha Marine announced on December 22 that it has set an industry-leading ESG (Environmental, Social, and Governance) management goal to reduce greenhouse gas emissions by 40% by 2030 compared to 2018.
The ESG Committee of Hanwha Ocean's Board of Directors, which consists of an expert committee, has approved the goals of the Hanwha Ocean Step-Up Target (2030), established an ESG promotion system, and set concrete targets for implementation.
The core indicators of "ESG Host 2030" include five items: greenhouse gas emission reduction, environmentally friendly ship transformation, safety accident prevention, **chain ESG assessment, compliance and ethical management practice assessment.
Hanwha Marine aims to reduce greenhouse gas emissions by 40% by 2030 compared to 2018. This is not only the highest target in the industry, but also in line with the National Emission Reduction Target (NDC) submitted by South Korea** to the United Nations. At the same time, Hanwha Marine plans to build 100% eco-friendly ships powered by low- and zero-carbon fuels by 2030 and expand its lineup of eco-friendly ships.
To prevent safety incidents, Hanwha Marine prioritizes the safety of its employees and has set a goal of zero fatalities. Hanwha Marine plans to reduce the lost-time accident rate, which is the number of lost-time accidents per 200,000 working hours, by 32% from the current level. To this end, the company will introduce intelligent safety systems and increase employee safety awareness through a safety experience center and virtual reality (VR) training.
To create a sustainable ecosystem, Hanwha Marine will also conduct ESG assessments of its domestic partners** in order to effectively respond to the European Union's (EU) Due Diligence Act, which will be implemented in 2024.
In addition, Hanwha Marine will seek international certifications (ISO37301 compliance management, ISO37001 anti-corruption management) in compliance and ethics management, and conduct ethics training to strengthen anti-corruption reporting and protection.
An official from Hanwha Marine said, "In order to prevent this goal from becoming 'greenwashing' (environmentalism in disguise), we have formulated detailed measures. Contribute to sustainable economic development and social value creation through systematic implementation. ”