Hyosung TNC has adopted green energy sources and replaced inefficient facilities with high-efficiency ones as part of its drive to reduce its carbon footprint. In the future, we will continue working hard to meet our carbon reduction goals and respond to climate change.
GHG emission reduction targets for 2030
Key reduction projects
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Utilization of waste heat steam and biomass
We are cutting down our use of fossil fuels by utilizing the incineration heat generated in local household waste incineration plants and the methane produced during the waste handling process. (For further information on our use of incineration heat and bio mass, please refer to our 2021 Sustainability Management Report.)
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Replacing to high-efficiency facilities
By replacing boilers and motors with low energy consumption efficiency with new high- efficiency facilities, we have not only reduced our energy costs but also created a GHG emission reduction effect. For example, by installing high-efficiency freezers in our factory in Gumi in January 2019, we are now able to reduce our electricity consumotion by 1,152 Mwh per year and our GHG emission by 537 tons per year.
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Product carbon footprint estimation
In order to minimize the impact of our products on the environment throughout their entire life cycle from production to disposal (i.e. sourcing of raw materials > production of components > transportation of raw materials > manufacturing, distribution, use and disposal of products), we first estimate the carbon footprint of our environmentally-friendly products. In 2020, we made estimations for two key products: creora regen, which is made from recycled wastes generated during the spandex yarn production process, and bio-based spandex, whch is made from plant extracts. In 2021, we received an estimation of the carbon footprint of our regen yarn, which is made using recycled PET bottles. In the future, we aim to continuously expand the range of product categories subject to carbon footprint estimation.
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Participation in carbon disclosure project (CDP) evaluations
As part of our efforts to bequeath a clean environment to future generations and participate in the global campaign to combat climate change, we have been carrying out carbon disclosure project (CDP) evaluations since 2021. Such evaluations enable us to estimate the carbon footprint of our products and respond to requests for information required to combat climate change.
Through the CDP evaluations, we aim to transparently disclose our strategies for responding to climate change, information on our GHG emissions and GHG reduction initiatives, and other opportunity and risk factors related to climate change.