Samyang ESG
Achieving growth to create
a sustainable future for all
Samyang has aligned its core values of righteousness and trustworthiness with ESG management principles and established ESG management goals and action plans that are adapted to the current times. We are strongly committed to ensuring that all our affiliate companies practice sustainable business management which comply with the global standards.
ESG
Directions
With our key directions geared towards strengthening the ESG business portfolio and enhancing the ESG management system, we will establish mid/long-term and short-term improvement goals to prioritize and carry out the required tasks.
Group Vision
A Global Provider of Specialty Materials and Solutions for the Health & Wellness and Advanced Material Sectors
Reinforcing
ESG Business Portfolio
- Food
- Expanding Sugar Reduction and Bionutrients business
- Chemicals
-
- Strengthen Eco-Friendly materials business
- Building the foundation for Mobility & Energy materials business
- Packaging
- Enhancing plastic recycling business
- Biopharmaceutical
- Expanding Medical Device and medicine business and carry out new medicine business
Enhancing
ESG Management System
- E
-
- Established the 2050 Net Zero Roadmap
- Strengthen the leading position in the circular economy (water/waste)
- S
-
- More products for customer health and safety
- Strengthen social responsibilities such as safety and health, human rights, and supply chains
- G
-
- Enhance governance structure and refine ethical management system
- Advanced ESG management systems and governance
Enhancement of ESG
Management System
-
Environmental
- Climate Change Response
- Establishing the Roadmap to Net Zero Emissions by 2050
- Achieve circular economy
- Increasing waste recycling rate, developing recycling technology
- Environmental Management System
- Operating Environmental Management Governance Structure
-
Social
- Employee management
- Develop procedure to protect human rights and manage various risks
- Safe work environment
- Establish safety management procedures customized to each business area
- Customer-oriented
- Create ESG-based product management procedure
- Supply chain sustainability
- Establish supply chain ESG assessment procedure and increase support
- Responsible participation
- Broaden role to creating social value
-
Governance
- Corporate governance structure
- Expand shareholder rights, establish shareholder involvement management procedure
- Ethical management system
- Strengthen stakeholder communication (transparency)
- ESG management system
- Develop function and capability for ESG governance and organization
ESG
Roadmap
Planning
2021
Develop Group’s ESG strategy and management system
Establish ESG vision, goals, strategic directions
Develop plan to achieve carbon neutrality and circular economy
Create plan to establish ESG management system
Develop response plan for external assessment and stakeholders
ESG Foundation and Implementation
2022 ~ 2024
Establish ESG management system and implement short-term quick-win projects
Announce Group’s ESG vision (including carbon neutrality declaration)
Publish sustainability report
Improve external ESG ratings
Adopt Group business performance evaluation (KPI) reflecting ESG elements
ESG Management Advancement
2025 ~ 2026
Refine ESG management and intensify efforts to achieve carbon neutrality
Intensify participation in global ESG initiative
Innovate business model to be ESG-oriented
Find new ESG growth engines
Establish ESG information management system
Leading ESG Player
2027 ~
Create ESG-oriented business portfolio and emerge as leading ESG company
Full application of ESG throughout Group
Strengthen ESG-oriented corporate culture
Acquire external ESG ratings that meet the global standard
Secure complete global standard ESG risk management system
