- Rapid increase in fuel, electricity, and transportation costs.
- Global economic recession.
- Strengthening greenhouse gas emission regulations.
- Major accident at Hanil Hyundai Cement Yeongwol plant in February 2024.
- Increased risk of environmental regulations due to the introduction of the Integrated Environmental Management System.
Hanil Holdings
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hanil Holdings disclosed greenhouse gas emissions of 7.3M tCO2e/year. By scope: Scope 1: 4.4M tCO2e/year; Scope 2: 309.1K tCO2e/year; Scope 3: 106.9K tCO2e/year (downstream transport and distribution only). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
7.3M tCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 4.4M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 309.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 106.9K tCO2e/year (downstream transport and distribution only) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 7.3M tCO2e/year |
| 2022 | 7.9M tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon emissions by 10% compared to the previous year in the cement business.
- Reduced greenhouse gas emissions intensity by 1% compared to the previous year.
- Increased the share of alternative fuels in cement production by 3.7% compared to the previous year.
- Achieved 64.1% alternative fuel contribution to thermal energy.
- Completed the modernization of the No. 5 kiln at the Danyang plant, reducing anthracite coal consumption by over 30%.
- Completed the modernization of the No. 2 kiln at the Yeongwol plant and the construction of a new ECO power generation facility.
- Converted 61% of company vehicles to low-emission vehicles.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions intensity by 5% by 2025 (from 2021 baseline).
📅 Medium-term
- Reduce NOx emissions by 50% by 2030 (from 2019 baseline).
- Achieve 30% reduction in greenhouse gas emissions by 2030 (from 2018 baseline).
🔭 Long-term
- Achieve Net Zero emissions by 2050.
🌱 ESG Focus Areas
Climate Change ResponseOccupational Safety and HealthEnvironmental Impact of Production ActivitiesCustomer Satisfaction and Quality Management