Initiatives
- Sustainability
- Overview
- Initiatives
Initiatives for Social Responsibility
A social responsibility initiative refers a program or activity that clearly contributes to the accomplishment of specific social responsibility-related objectives. Hyosung Heavy Industries seeks to expand its influence for positive change in our society by participating in various domestic and international initiatives related to business or environmental and social sustainability. This is in keeping with the company's stated mission to contribute to the sustainable development of our society.
Task Force on Climate-related Financial Disclosures (TCFD)
TCFD is a global consultative body established by the Financial Stability Board at the G20 Finance Ministers Meeting in 2015 to disclose climate change-related information.
Hyosung Heavy Industries has declared its support for the TCFD to address climate-related risks and opportunities, and transparently discloses climate-related information through its Sustainability Report in line with the TCFD recommendations.
Carbon Disclosure Project (CDP)
The CDP is an international non-profit organization whose mission is to make environmental reporting and risk management the standard for businesses and to promote disclosure, insight, and action toward a sustainable economy. Through CDP, companies are encouraged to disclose their greenhouse gas emissions, risks and opportunities associated with climate change, and carbon management strategies.
Since 2021, Hyosung Heavy Industries has continuously submitted its CDP Climate Change reports and has been evaluated accordingly.
Energy Alliance
The Energy Alliance is a private enterprise-led energy alliance launched in April 2021 to proactively respond to the government’s carbon neutrality policy and support the energy transition agenda.
A total of 10 companies, including Hyosung Heavy Industries, signed an MOU to secure the Carbon Neutrality Innovation Initiative. Participating companies cooperate with one another in pursuing a rational energy transition by supporting carbon neutrality policies and working toward the shared goal of sustainable national economic development.
Hydrogen Convergence Alliance (H2Korea)
The Hydrogen Convergence Alliance was launched with the objective of accelerating the realization of a low-carbon hydrogen economy by promoting the expansion of hydrogen energy and the development of hydrogen-related industries through policy initiatives, regulatory improvement, and private sector-led activation of hydrogen deployment.
Hyosung Heavy Industries is taking the lead in building the infrastructure for the hydrogen economy through the construction and deployment of liquefied hydrogen plants and hydrogen refueling stations. In 2024, as part of the Hydrogen Convergence Alliance initiatives, the Company participated in the commemorative ceremony and exhibition for the 3rd Hydrogen Day.
Working Committee for the Changwon City Biodiversity Conservation Cooperation Project
The Working Committee for the Changwon City Biodiversity Conservation Cooperation Project is funded by donations from Changwon City and participating companies. It contributes to biodiversity conservation in Changwon through public-private-academic cooperation involving academia, civic organizations, citizens, and businesses.
In July 2025, Hyosung Heavy Industries entered into an agreement with the Working Committee for the Changwon City Biodiversity Conservation Cooperation Project to promote ongoing biodiversity conservation activities. The Company provides annual donations and carries out biodiversity conservation activities primarily in areas surrounding its business sites.
Korea Fair Competition Federation
The Korea Fair Competition Federation is an organization established to promote a culture of fair trade, support companies in strengthening their fair competition capabilities, and carry out public-interest activities related to the implementation of the fair trade system.
Hyosung Heavy Industries joined the Korea Fair Competition Federation in 2025 to continuously strengthen its fair trade and compliance management framework, and currently maintains its membership.