Press Release Clean Energy & Ocean Solutions Aerospace & Mechatronics

Hanwha affiliates recognized by CDP Korea for excellence on climate change, water security

March 21, 2024
  • Three affiliates earned A-minus scores from CDP (formerly the Carbon Disclosure Project) for their climate change response, and Carbon Management Sector Honors from CDP Korea
  • Hanwha Solutions also made the Carbon Management Honors Club and got an Excellence Award for water security
The Hanwha Group headquarters in central Seoul

Hanwha Corporation, Hanwha Solutions, and Hanwha Aerospace were honored for their response to climate change at the 2023 CDP Korea Awards on March 13. All three companies received CDP scores of A-minus, indicating leadership. CDP Korea hosts the CDP Korea Awards every year to honor Korean companies that excel on climate change response and water security.

Hanwha Solutions made it into the Carbon Management Honors Club, which is reserved for the top five companies if they score A-minus or higher and substantiate their answers through third-party verification. All three companies received Carbon Management Sector Honors in recognition of the leadership they showed on climate change — Hanwha Solutions in the raw materials sector, and Hanwha Corporation and Hanwha Aerospace in the industrial materials sector.

Hanwha Solutions, which scored an A-minus on climate change for three consecutive years, also won an Excellence Award for its inaugural disclosure on water security. After continually upgrading its greenhouse gas (GHG) emissions management activities for years, the company is proud to gain recognition for effective water resources management.

Hanwha Corporation replaced its old facilities with highly energy-efficient facilities and introduced innovative technologies in the manufacturing process. For example, it started converting waste heat energy into steam energy. This year the company also joined K-RE100, a Korean movement inspired by the global RE-100 initiative, and pledged to source 100% of its electricity from renewable sources by 2040.

Hanwha Aerospace expanded its activities in eco-friendly business areas, such as the development of electric propulsion systems and energy storage systems (ESS). The company also took steps to reduce GHG emissions and improve energy efficiency — for example, by reviewing emissions at all its work sites in Korea and starting an energy efficiency task force.

CDP is an international not-for-profit charity that evaluates companies’ transparency on climate change, water security, and deforestation. Along with the Dow Jones Sustainability Indices (DJSI), CDP scores are among the most trusted and globally recognized measures of sustainability, and over 23,000 companies took part in the reporting last year.

Hanwha Corporation

As the root of the Hanwha Group, Hanwha Corporation has been driving industry growth and changing the world since its establishment in 1952 through constant innovations and challenges. The company operates its business through three divisions: Global, Momentum, and Engineering & Construction (E&C). The Global Division aims to create a sustainable future with its core materials and technology-based solutions. The Momentum Division offers cutting-edge machinery, processing equipment, and intelligent solutions for client success and human progress. Lastly, the Engineering & Construction Division aims to become a green infrastructure developer through eco-friendly and sustainable development. Hanwha Corporation will continue to grow its global presence by developing high value-added technologies to pioneer new businesses.

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Hanwha Solutions

Hanwha Solutions aims to deliver sustainable solutions for the planet through smart energy solutions and customer-focused materials. The company operates its business through three divisions: Qcells, Chemical, and Insight. The Qcells Division offers total energy solutions from photovoltaic module manufacturing, power plant operation to electricity retailing service. Long recognized as a prominent leader in the chemicals industry, the Chemical Division is growing into a global green energy materials company with its cutting-edge solutions for eco-friendly materials. The Insight Division is providing differentiated solutions through comprehensive development and financing for projects such as cities, smart green industrial complexes, renewable energy, premium real estate and premium content. With its innovative technologies for sustainable growth, Hanwha Solutions strives to become a global leader in bringing a better future for humanity.

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Hanwha Aerospace

Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, Hanwha Aerospace’s products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product competitiveness reinforced by advanced technologies, Hanwha Aerospace is surging forward as a global leader in the burgeoning space and aerospace business as well as in the land, sea, and air defense industries.

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