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Hanwha's ESG committee meeting on June 10, 2022 South Korea’s Hanwha Corp. discussed on June 10 its ESG activities in the first half of this year and will announce plans for enhancing shareholder values in the second half.On Friday, the conglomerate held a meeting to review its ESG performances of this year with its ESG discussion group members. The performances include green bond issuance, high ESG ratings achievement and declaration of corporate governance charter.Hanwha issued green bonds worth 150 billion won ($117.2 million) in January to boost its secondary batteries and solar power facilities. Also, it has developed a smart solution to remotely monitor work processes in local and overseas mine sites. Called HATS, or Hanwha As a Total Solution, it has reduced costs and industrial disasters as well as enhanced productivity, Hanwha said.In addition, the company earned “A” ESG ratings from two local rating agencies, Korea Corporate Governance Service and NICE Investors Service. It was thanks to the company’s consistent efforts in ESG activities such as joining the carbon disclosure project (CDP) led by global non-profit organization CDP Worldwide and publishing annual sustainability reports, Hanwha added.Hanwha set up an ESG committee under the board of directors in March 2021. In the following month, it founded the discussion group within the committee to regularly report the company’s ESG performances. As of June 2022, Hanwha manages 10 divisions of the committee including governance, stakeholder communications, environment, social responsibility, risk management, information protection and compliance. Each division is led by Hanwha’s chief safety officers.The company will announce plans for enhancing shareholder values later this year. The plans may include raising dividend payout ratio, stock buybacks and boosting investor relations, Hanwha said.By Kyung-Min Kangkkm1026@hankyung.comJihyun Kim edited this article.
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