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Sustainability report

Sustainability report 2024 Download Sustainability report 2024
The Most Trusted
Company

Enabling
Sustainable Voyage
Go Great Ocean,


Go Green Builder
By researching new eco-friendly
technologies that pave the way


for the future, we aim to drive
innovation in the industry.

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Our Sustainability Approach

Hanwha Ocean has played a leading
role in various areas of shipbuilding.
Hanwha Ocean has
played a leading role in
various areas of
shipbuilding.
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With numerous “First, Largest, and the Only” records, We have firmly contributed to solidifying South Korea’s position as the world’s leading shipbuilding powerhouse.

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Environmental

Climate Change
Response

Hanwha Ocean has established a carbon neutrality roadmap aiming for a 40% reduction by 2030 and achieving carbon neutrality by 2050. To this end, we annually review and manage the achievement status of GHG emissions and energy usage targets.

Environmental
Management

Hanwha Ocean adheres strictly to environmental laws and regulations in all business activities while actively pursuing environmental protection and sustainable development initiatives

Clean Products and
Technology

Hanwha Ocean has established a roadmap to realize optimal solutions for a sustainable future as a ‘Global Ocean Solution Provider’. We are developing low-carbon/carbon-free fuel propulsion systems to reduce carbon emissions and are advancing the development and scaling-up of clean energy carriers such as liquefied hydrogen and ammonia.

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Social Responsibility

Human Rights and
Embracement

Hanwha Ocean recognizes the importance of human rights and protects and respects those of all stakeholders including executives, employees, suppliers, customers, and local communities.

In addition, we apply personnel regulations in the form of presenting legal working conditions and standards to all employees, and prohibit discrimination in all aspects of personnel management, including recruitment, personnel, and evaluation.

Safety and Health

In order to create a safe workplace where no one gets hurt, Hanwha Ocean has established the HSE Management Policy, which includes the fundamental management philosophy for safety, health, and environment and general guidelines for decision-making and reflects the opinions of the Safety Management Advisory Committee and all members (management, executives, team leaders, managers, supervisors, on-site workers, and suppliers). and applied to all workers regardless of employment type as well as regular employees.

Sustainable Supply Chain

Hanwha Ocean has established the Supply Chain ESG Management Policy to promote co-prosperity and sustainable growth with stakeholders within the supply chain. To strengthen suppliers’ competitiveness and co-prosperity management, we actively encourage suppliers’ participation in ESG activities.

Quality Management

Hanwha Ocean strives to achieve quality by establishing a system to manage risks and opportunities by reflecting the requirements of quality-related stakeholders and by providing services for customer satisfaction from vessel ordering to post-delivery maintenance throughout the entire product life cycle.

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Governance

Corporate Governance

Hanwha Ocean operates the Board of Directors fairly and transparently to establish sound governance. As the highest decision-making body, the Board deliberates and resolves on management issues such as mid- to long-term strategies, major investments and financial matters, and significant internal transactions. Furthermore, director qualifications are strictly reviewed according to relevant laws and the Articles of Association. Outside directors are composed of professionals with expertise in accounting, law, and management to ensure transparency and accountability in management.

Ethics and Compliance Management

Based on the Code of Ethics, Hanwha Ocean strives to enhance corporate value through proactive management activities and responsible behavior, contributing to social development. Furthermore, Hanwha Ocean requires executives and employees to sign the Ethics and Compliance Practice Pledge, conducting ethics consultation and ethics and compliance education, and working to establish a culture of compliance by responding early when legal violation risks are discovered through periodic legal risk inspection activities.

Information Security

Hanwha Ocean establishes and implements thorough information security policies to securely protect critical information. To safely maintain important assets including confidential information, national core technologies, and personal data, Hanwha Ocean’s administrative, physical, and technical security measures are executed to ensure the safety and reliability of information. Furthermore, regular security training and practical sessions are provided to all employees to raise security awareness, and a system has been established to respond promptly and effectively to security incidents.

Risk Management

Hanwha Ocean is constantly operating a risk management system that identifies, responds to, and monitors risks in preparation for situations that pose a significant threat to management, such as situations that could have a serious impact on the company's operations and reliability or cause significant economic, safety, health, environmental, legal, or security issues.

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Sustainability report

Sustainability report 2024 Download Sustainability report 2024