We successfully established a greenhouse gas inventory system by organizing a climate change response committee in 2009 to respond to climate change at home and abroad. We are actively taking action in the "goal management system" of the ‘Framework Act on Low Carbon and Green Growth’, which took effect in 2010.
We established a carbon-neutral road map including an environmental management agenda up to 2047 with the goal of ‘achieving 2040 Net Zero for a sustainable future,’ an environmental management vision, and are carrying out various environmental management activities to strengthen the goal by establishing our position as a global eco-friendly company.
Our carbon neutral goal is to achieve global Net Zero in 2047, and we strive to increase the proportion of new and renewable energy, advance energy/greenhouse gas reduction technology, and capture/store/utilize carbon effectively.
Expansion of new and renewable energy
Advancement of energy/greenhouse gas reduction technology
Carbon Capture/ Storage/ Utilization
Carbon Initiative Join/Declaration
SBTi(Science Based Targets initiative)
TCFD(Task Force on Climate-related Financial Disclosures)
Carbon border tax response (EU, USA, etc.)
Board-level stakeholder communication
Emission control operation
Carbon Neutral Strategy
Energy Portfolio Strategy
Advanced energy/Greenhouse gas reduction technology
Application of Carbon Capture/Storage/Utilization Technology
Replacement of bio-materials and establishment of resource circulation system (Facilities, regulations)
Adaptation to climate change(Facilities, regulations)
Carbon Information IT Infrastructure
Promoting hydrogen business connection
Supply chain emission(Scope3) management
LCA evaluation of all products
Securing raw material de-oilification and related infrastructure
Achieving Net-Zero in overseas factories
De-carbonization of all business areas
Hydrogen Fuel Cell Technology
We are focusing on technological innovation to provide an integrated solution for core materials in the future hydrogen market. The sales volume in the hydrogen industry is expected to grow considerably from around KRW 30 billion in 2021 to more than KRW 1 trillion by 2030. We are creating business by discovering new hydrogen technology throughout the hydrogen value chain based on its differentiated competitiveness in the key parts, moisture control device, membrane electrode assembly (MEA), and polymer electrolyte membrane (PEM).
Diversification of Eco-friendly Materials using Recycled Plastics
Our commercialized spunbond, a long-fiber nonwoven fabric, for the first time in Korea by using PCR(Post-Consumer Recycled) PET raw material recycled from waste bottled water. By 2025, we plan to convert more than 20% of our total sales to eco-friendly products. In addition, CHAMUDE, an artificial leather brand, obtained RCS eco-friendly certification in January and is being sold as an interior material for vehicles in earnest.
Development of Biodegradable Plastic ‘PBAT’
To enter and preoccupy the related market, we built a strategic partnership with SK Geocentric (formerly SK Global Chemical) in April 2021 and planned to advance into the market through joint development of the biodegradable plastic PBAT(short for polybutylene adipate-co-terephthalate). We plan to expand the PBAT production volume to 50,000 tons annually by 2024 and preemptively respond to the eco-friendly plastic material market.
Diversification of Bioplastics Development
Bioplastics have been in the limelight recently as a next-generation eco-friendly technology that produces plastics from natural products instead of petroleum. Future Technology Institute is developing polyethylene furanoate (PEF), a new bioplastic made from 100% natural products. PEF generates less than half of the carbon dioxide compared to conventional plastics, has excellent heat resistance and is easy to block oxygen and moisture, so it is expected to be used for various purposes.
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