Hyosung TNC's commitment to sustainable management goes beyond mere standards or principles. It is, in fact, fundamental to corporate governance. At the heart of Hyosung TNC's sustainable management is the determination to develop new solutions for a sustainable life for future generations and the ethics to maintain integrity and transparency in all management activities. Hyosung TNC's ethical management aims not only to comply with the law, but also to maintain and strengthen ethical awareness among all employees and throughout the supply chain, striving for righteousness in all business practices.

Hyosung TNC has established an ESG Management Promotion Committee to effectively manage the vision, goals, and implementation of sustainable management and to minimize risks. The CEO, as chairman, oversees strategies related to greenhouse gas reduction, collaboration with partners, and investment in environmentally friendly technologies, establishing governance that ensures a consistent and focused process for sustainable management.

Let’s take a closer look at Hyosung TNC's sustainable management initiatives.

The essence of Hyosung TNC's sustainable management: regen

Hyosung TNC's vision of sustainable management is encapsulated in the company's brand vision of "Innovation for a Better Lifestyle & Tomorrow". As a chemical fiber materials company, Hyosung TNC prioritizes environmental values due to the nature of its business and has a unique sense of mission in responding to the climate crisis. Developing recycled products through resource recycling to improve quality and present products with minimal environmental impact is an important mission for Hyosung TNC.

▲효성티앤씨 대표 브랜드 regen  

▲효성티앤씨 대표 브랜드 regen BIO 

‘regen’ is the flagship brand for solutions that embody the core values of Hyosung TNC's sustainable management. regen includes recycled material-based products such as regen Polyester fiber made from recycled PET bottles and regen Ocean Nylon fiber made from recycled fishing nets that harm marine ecosystems, as well as regen Bio Spandex fiber made from plant-based materials such as Sugarcane and corn. The brand's recycled fibers significantly reduce CO2 emissions compared to conventional manufacturing processes. In addition, Bio-Based Spandex has a much smaller carbon footprint than traditional fibers made from fossil fuels.

Hyosung TNC employees also practice the values of sustainable management, epitomized by 'environmental awareness', in their daily lives. For example, since 2021, they have been actively participating in the 'Personal Cup Use Campaign' in the office, which encourages the use of mugs instead of disposable cups. Participants have commented that although it's a small action, they feel fulfilled knowing they are making a difference to the environment, and that this corporate practice has influenced them to always carry a mug in their personal lives.

▲ Hyosung TNC employees participating in the 'regen Recycling Campaign.' (Photo source: Media Hyosung Blog GPT)

In addition, employees participate in the 'regen Recycling Campaign', which involves the collection of PET bottles they use on a daily basis. PET bottle collection bins have been installed at Hyosung TNC sites nationwide. Employees who collect and deposit PET bottles in these bins are rewarded with fashion items made from Hyosung TNC's eco-friendly recycled fibers. This campaign enables employees to directly contribute to Hyosung TNC's ESG management and promotes the internalization of ESG management awareness among employees. In addition, the campaign also has significance in the practice of co-prosperity management by selecting products from partner brands that use Hyosung TNC's regen yarns as gifts, adding another layer of meaning to the initiative.

The regen Recycling Campaign, launched in 2022, is now in its third year of implementation in 2024. Looking at the status in 2023, a total of 22,425 used PET bottles were collected through employee participation. Based on the collection performance in 2023 and calculated through a Life Cycle Assessment (LCA), the carbon reduction effect is equivalent to the amount of CO2 absorbed by approximately 94 30-year-old pine trees over a year.

Hyosung TNC's sustainable management, an environmental management

Hyosung TNC's sustainable management values are intertwined with environmental management. Hyosung TNC's environmental management initiatives, based on the ‘Green Management Vision 2030,’ include strategies such as reducing greenhouse gas emissions, developing eco-friendly technologies, and promoting an eco-friendly corporate culture. The Green Management Vision 2030 is based on a commitment to fulfill the responsibilities and efforts of a global corporation in addressing climate issues, a global agenda. As an influential leader in the global textile market, Hyosung TNC is committed to reducing greenhouse gasses at domestic and international production sites and minimizing carbon in the entire product manufacturing process. In addition, Hyosung TNC is committed to various efforts in environmental management practices, including the correct communication of product-related environmental information to consumers.

In addition, Hyosung TNC is building strong relationships with local communities through community-based projects and on-site sustainability activities. Recognizing that the journey towards sustainability is an ongoing process of learning and growth, Hyosung TNC collaborates with various companies and communities. Notable examples of such collaborations include the Seagrass Forest Conservation Project, which Hyosung TNC implemented with the Korea Fisheries Resources Agency, Geoje City, and other Hyosung affiliates; the Discarded Fishing Net Recycling Project, which was implemented in cooperation with local governments such as Jeollanam-do and Busan Metropolitan City; and the Gwangyang Bay Resource Circulation Project, which was implemented in partnership with POSCO and the Yeosu Gwangyang Port Authority. Through these initiatives, Hyosung TNC produces regenerated regen Ocean Nylon fibers by recycling marine waste such as discarded fishing nets and PET bottles.

Hyosung TNC also recognizes the importance of communication and reputation management in sustainable management. Hyosung TNC operates an integrated risk management system that reflects the increasingly complex business environment and manages not only traditional financial risks, but also ESG risks that have a high potential for financial impact and can significantly affect the company's reputation. Internal audit is a key element of the crisis management strategy, with regular audits of various technical and quality areas ensuring compliance with high standards. The results are reported to management for immediate action and verification of improvements.

Efforts and activities of Hyosung TNC towards sustainable management

Hyosung TNC envisions a future where environmental protection, social responsibility and economic prosperity coexist in harmony. The company is committed to continuously developing its corporate culture through ethical corporate governance and comprehensive crisis management, and integrating them into corporate decision-making to develop responsible business practices. As evidence of its commitment to corporate social responsibility, Hyosung TNC continuously engages in social contribution activities such as supporting vulnerable communities. In addition, the company strives to spread the values of sustainable management to social and cultural aspects by participating in various exhibitions and collaborations that showcase environmentally friendly and sustainable innovative technologies.

▲ Hyosung TNC envisions a future where environmental protection, social responsibility and economic prosperity coexist in harmony. 

Through these diverse efforts and activities, Hyosung TNC strives to demonstrate its genuine commitment to sustainable management. Based on unwavering sincerity, it is expected that the company will continue to uphold the reputation as the global No.1 sustainable textile material company.