Creating values with ESG activities

We pursue growth that creates sustainable values with our stakeholders, including customers, shareholders, business partners, employees and communities. All of us at Hanwha are working together to introduce sustainable principles and systems as we practice sound and responsible management by ushering in ESG (Environmental, Social and Governance) initiatives.

Taking a step beyond corporate growth, we are becoming a world–leading sustainable company by fully internalizing ESG values that allow us to grow harmoniously with the environment and society.

Strengthening ESG management

In 2021, to promote deeper understanding and encourage full implementation of ESG management, Hanwha established ESG committees for each of our seven listed affiliate companies and two non–listed affiliate companies. As the highest decision–making body overseeing ESG management activities, our ESG Committees develop basic ESG–centric policies and strategies as well as review our mid– to long–term goals of responding to climate change, ensuring workplace safety, fulfilling social responsibilities and increasing stakeholder engagement and governance.

In order to encourage more diverse and professional discussions about ESG, more than two–thirds or all of members of each committee are outside directors. The Hanwha Group ESG Committee works to improve the ESG–management system within Hanwha Group and to support affiliate ESG–management activities by helping establish strategies for each business area, sharing information and providing professional training in ESG–related seminars and workshops.

Earning “Grade A” in ESG ratings

Our efforts to implement ESG management have been recognized by the 2021 environmental, social and governance (ESG) ratings of the Korea Corporate Governance Service (KCGS). Six out of seven listed affiliate companies of Hanwha received an overall Grade A. Hanwha Corporation, Hanwha Aerospace and Hanwha Life maintained Grade A ratings for two consecutive years, while Hanwha Solutions and Hanwha General Insurance each improved ratings by one grade level over the previous year.

Hanwha Corporation and Hanwha Solutions received Grade A+ in the social category because of their active engagements in social responsibilities and expanded stakeholder communications. In addition, Hanwha Corporation was once again recognized for ESG management performance with an overall Grade A for corporate ESG evaluation in 2022, conducted by the NICE Investors Service.

Collaborating to support UN SDGs

Hanwha is a firm supporter of UN SDGs, particularly those we can directly address through our business, technology and social impact activities. Our primary areas of focus are SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action) and SDG 17 (Partnerships for the Goals). We are actively engaged in each ESG area, working together to achieve a sustainable future for humankind.