The Role and Structure of the Hanwha Group's ESG Committee
Hanwha Group formed the Hanwha Group ESG Committee in May of 2021 to carry out Group-level ESG activities and to support and advise our affiliates on ESG management.
Our Commitment
Hanwha’s Global ESG Committee
The Role and Structure of Hanwha Affiliate ESG Committees
In 2021, Hanwha Group established ESG committees within the board of directors for each of its seven listed affiliate companies (Hanwha Corporation, Hanwha Aerospace, Hanwha Systems, Hanwha Solutions, Hanwha Life, Hanwha General Insurance, and Hanwha Investment & Securities) and two of its non-listed affiliate companies (Hanwha Asset Management and Hanwha Energy).
ESG Management Performance
Earning Grade A ESG ratings
Through our efforts to actively implement ESG management, we received an overall Grade A rating for five of the listed Hanwha affiliate companies by the 2021 environmental, social, and governance (ESG) ratings of the Korea Corporate Governance Service (KCGS). In the environmental category, six of the affiliates, including Hanwha Life, received a Grade A for their excellent responses to environmental issues. In the social category, four of the affiliates, including Hanwha Solutions and Hanwha Life, received a Grade A+ for their work in social responsibility and expanded stakeholder communications.
Hanwha Solutions was also recognized for the third consecutive year by the CDP (formerly the Carbon Disclosure Project), a global nonprofit organization, for its carbon emissions management performance, earning a Grade A- for its leadership in responding to climate change. Based on these achievements, Hanwha Solutions received awards in three categories in the 2023 CDP Korea Awards, including the Carbon Management Honors Club, which was given to the top six companies. Hanwha Corporation and Hanwha Aerospace also earned Grade A from CDP and received Carbon Management Sector Honors, recognizing their leadership in the industrial materials sector.