- Resource Circulation
Resource Circulation Economy
Hyosung Heavy Industries employs a company-wide approach to resource resource circularity as part of our efforts to preserve the earth's resources for coming generations. We manage waste and water resources in a way that ensures reduced generation and use and increased recycling rates. Our aim is to achieve a circular economy by increasing product durability and decreasing waste generation in the cycle of the circular economy.
Waste Treatment Policy
Hyosung Heavy Industries provides regular waste separation and collection training for systematic waste management. Departments that generate the most waste classify and discharge waste according to its nature, such as combustible, waste paper, and non-combustible, and reclassify waste at waste storage units. In the process of reclassifying waste, paint thinner cans, coating cans, and miscellaneous iron are separated and recycled, and we reduce the amount of waste oil and waste paint generated by implementing a real-name discharge system to tally and manage waste by department. All wastes transported to waste storage units are categorized and stored by type, and waste management takes places considering the storage limit and duration. After the wastes are delivered to a contracted processing company, information such as the amount of waste treated and the processing company is entered into the legal waste disposal system (Allbaro). We continue to discover new companies to enhance the efficacy and efficiency of waste treatment.
Water Resource Management Policy
Hyosung Heavy Industries endeavors to save water at each water source, such as surface water, groundwater, and industrial water. At the Changwon Plant, we periodically replace outdated water pipes and minimize the amount of unnecessary water consumption through self-inspection of leaks. In addition, we store filtered water from manufacturing in water tanks for recycling and reuse.
Development Of Recycled Products And Technologies
Hyosung Heavy Industries promotes eco-friendly product innovation that transforms disposable waste, a major source of pollution, into green products. We also develop biodegradable products and technology for resource recycling. As such, we will take the lead in addressing climate change and establishing an eco-friendly business ecosystem through substantial R&D investments in eco-friendly products and technologies.
Donation To The First Hyosung Goodwill Store
Goodwill Store is a social enterprise that takes into account "people, businesses, and the environment." It operates approximately 2,800 stores in 15 countries, including the US and Canada, and provides over 200,000 jobs for persons with disabilities and vulnerable groups. Goodwill Store is a social enterprise that promotes a virtuous cycle of resources by employing the disadvantaged, contributing to economic independence, and using the proceeds from the sale of donated items to create jobs for persons with disabilities and provide vocational training and education.
In October 2013, Hyosung opened the first Hyosung Goodwill Store in Eunpyeong-gu, Seoul, a first for a Korean company, and Goodwill Store donation boxes are installed at the Hyosung headquarters and each business site to forward employee donations to the Hyosung Goodwill Store.