Huvis announced on the 3rd the release of Huvis Green White Paper, which provides specific measures needed for the implementation of its 2050 Carbon Neutrality Master Plan to empower the company to cope with climate change and support ESG management.
Launched last year, the 2050 Plan contains an enterprise-wide strategy to push for carbon neutrality as well as detailed and specific measures that will be used to implement the plan in a well-organized manner, empowering the company to meet its target for greenhouse gas reduction and build an eco-friendly, circular economy.
The Green White Paper includes specific measures for carbon reduction, including reducing carbon in accordance with the Greenhouse Gas Protocol*, conducting lifecycle assessment (LCA), and launching Huvis’ carbon-reducing products.
As the first step towards carbon reduction, Huvis’ sources of greenhouse gases (GHG) were classified into three scopes to measure their respective GHS emissions. The company works to reduce GHG emissions by addressing not only sources in Scopes 1 and 2 that constitute direct or indirect contributors but also those in Scope 3 located outside its own process. Using the solar panels installed in the company’s Jeonju site, Huvis expects a reduction in GHG emissions of approximately 261 tons each year. It works to reduce GHG emissions substantially by investing in sustainability and recycling technologies and extending its portfolio of biodegradable products.
Huvis’ widely known carbon reducing products include recyclable low melting point fiber (LMF), materials for biomass sanitary products, and biodegradable fiber. Customers are kept updated on the company’s GHG emissions measured through LCA.
For example, GRS (global recycle standard) LMF made from recycled PET bottles can reduce CO2 emissions by 37 to 59 percent depending on the content of recycled material, compared to existing Virgin LMF. Huvis’ products incorporating bio-PE intended for sanitary items including diapers and sanitary pads are not only agreeable with the human body but also help reduce CO2 emissions. Currently, R&D efforts are being made to develop materials based on biomass only. ecoen, a PET fiber that is biodegradable within 3 years after landfill, is already being marketed, contributing to a reduction in microplastics in the ocean and in soil.
“I am excited to release the Green White Paper to show our stakeholders what carbon-reducing technologies and products we can offer and help the world meet its carbon neutrality goal,” says Shin Yu Dong, CEO of Huvis. “Our next steps include stepping up our efforts to implement our Carbon Neutrality Master Plan and strengthening our leadership in ESG management by reinforcing our portfolio of carbon-reducing products.” Huvis will share relevant data with its international and local customers, which will also be made available via the company’s website (www.huvis.com).
* Greenhouse Gas (GHG) Protocol: An international standard created by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) for corporate accounting and reporting emissions. It categorizes greenhouse gases into Scope 1, 2 and 3 based on the source.
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